Insurance and financial services in Jordan
Jordan: Insurance and financial services was 11.7% in 2024. ▲ Rising
Insurance and financial services in Jordan, 1972–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Jordan recorded 11.7% for insurance and financial services in 2024.
That represents a change of up 4.4% on the previous year and up 6.2% over ten years.
Over the whole period, insurance and financial services in Jordan peaked at 15.6% in 2020 and was at its lowest, 0.7%, in 1983.
That places Jordan 40th out of 197 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 53 years of available data.
Insurance and financial services in Jordan, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1972 | 7.0% | — |
| 1973 | 7.0% | +0.5% |
| 1974 | 7.2% | +2.5% |
| 1975 | 8.0% | +10.2% |
| 1976 | 8.7% | +9.4% |
| 1977 | 9.7% | +11.5% |
| 1978 | 7.6% | -22.0% |
| 1979 | 6.7% | -11.9% |
| 1980 | 7.8% | +16.6% |
| 1981 | 5.2% | -33.4% |
| 1982 | 3.1% | -40.8% |
| 1983 | 0.7% | -77.2% |
| 1984 | 1.1% | +60.4% |
| 1985 | 2.8% | +147.8% |
| 1986 | 3.6% | +30.3% |
| 1987 | 6.5% | +79.9% |
| 1988 | 5.3% | -17.9% |
| 1989 | 5.1% | -5.4% |
| 1990 | 5.2% | +3.2% |
| 1991 | 5.9% | +14.0% |
| 1992 | 6.3% | +5.2% |
| 1993 | 6.7% | +6.7% |
| 1994 | 6.1% | -8.3% |
| 1995 | 6.1% | -0.1% |
| 1996 | 7.1% | +16.4% |
| 1997 | 6.6% | -7.3% |
| 1998 | 5.1% | -23.2% |
| 1999 | 5.4% | +5.8% |
| 2000 | 6.3% | +16.6% |
| 2001 | 6.4% | +1.6% |
| 2002 | 6.2% | -2.1% |
| 2003 | 6.8% | +8.5% |
| 2004 | 8.3% | +22.5% |
| 2005 | 8.5% | +2.7% |
| 2006 | 8.1% | -4.9% |
| 2007 | 8.2% | +1.0% |
| 2008 | 8.6% | +5.9% |
| 2009 | 7.7% | -10.5% |
| 2010 | 7.2% | -6.9% |
| 2011 | 8.7% | +20.5% |
| 2012 | 9.3% | +6.8% |
| 2013 | 9.8% | +5.4% |
| 2014 | 11.0% | +12.5% |
| 2015 | 12.1% | +10.2% |
| 2016 | 13.4% | +11.0% |
| 2017 | 11.9% | -11.9% |
| 2018 | 10.7% | -9.3% |
| 2019 | 10.9% | +1.1% |
| 2020 | 15.6% | +43.2% |
| 2021 | 13.7% | -11.7% |
| 2022 | 12.0% | -13.0% |
| 2023 | 11.2% | -6.5% |
| 2024 | 11.7% | +4.4% |
Jordan compared with similar countries
- Jordan's 11.7% is above the median for upper middle income countries, which is 6.3%, 1.9× the median. (55 countries reporting)
- Jordan's 11.7% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.7%, 1.7× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Jordan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1985 | +147.8% | 1.1% | 2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.7% | 6.7% | 9.7% | 8 |
| 1980s | 4.1% | 0.7% | 7.8% | 10 |
| 1990s | 6.1% | 5.1% | 7.1% | 10 |
| 2000s | 7.5% | 6.2% | 8.6% | 10 |
| 2010s | 10.5% | 7.2% | 13.4% | 10 |
| 2020s | 12.8% | 11.2% | 15.6% | 5 |
Countries ranked near Jordan
More private sector data for Jordan
- Merchandise trade 71.2% (2025)
- Food imports 20.7% (2024)
- Manufactures imports 56.9% (2024)
- Merchandise imports 28.95 billion current US$ (2025)
- Food exports 17.6% (2024)
- Manufactures exports 72.1% (2024)
- Merchandise exports 14.91 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,294 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2421 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 10.19 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Jordan?
- Insurance and financial services in Jordan was 11.7% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Jordan?
- The highest recorded value was 15.6% in 2020.
- What is the lowest insurance and financial services recorded in Jordan?
- The lowest recorded value was 0.7% in 1983.
- How does Jordan rank for insurance and financial services?
- Jordan ranks 40th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Jordan?
- Over the last ten years it is up 6.2%. The long-run trend across the full record is rising.
- Where does this Jordan data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.