Insurance and financial services in Low & middle income
Low & middle income: Insurance and financial services was 5.9% in 2025. ▲ Rising
Insurance and financial services in Low & middle income, 1982–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
The most recent figure for insurance and financial services in Low & middle income is 5.9%, measured in 2025.
Compared with earlier readings it is down 10.2% on the previous year and down 8.3% over ten years.
Over the whole period, insurance and financial services in Low & middle income peaked at 11.2% in 1995 and was at its lowest, 4.5%, in 1990.
Low & middle income ranks 34th of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Insurance and financial services in Low & middle income, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1982 | 5.5% | — |
| 1983 | 6.0% | +9.9% |
| 1984 | 5.8% | -3.3% |
| 1985 | 5.0% | -14.7% |
| 1986 | 5.4% | +8.5% |
| 1987 | 6.4% | +18.4% |
| 1988 | 6.4% | +0.7% |
| 1989 | 5.8% | -9.6% |
| 1990 | 4.5% | -23.1% |
| 1991 | 5.7% | +27.3% |
| 1992 | 4.8% | -14.6% |
| 1993 | 5.5% | +14.1% |
| 1994 | 8.7% | +58.1% |
| 1995 | 11.2% | +28.5% |
| 1996 | 7.2% | -36.3% |
| 1997 | 8.9% | +23.8% |
| 1998 | 6.7% | -23.9% |
| 1999 | 6.5% | -4.1% |
| 2000 | 7.6% | +18.0% |
| 2001 | 8.3% | +8.2% |
| 2002 | 8.3% | +0.2% |
| 2003 | 8.5% | +3.1% |
| 2004 | 8.3% | -3.0% |
| 2005 | 8.1% | -1.9% |
| 2006 | 8.6% | +6.0% |
| 2007 | 8.5% | -1.5% |
| 2008 | 8.4% | -0.8% |
| 2009 | 8.7% | +3.0% |
| 2010 | 8.9% | +3.4% |
| 2011 | 9.2% | +2.5% |
| 2012 | 8.7% | -5.5% |
| 2013 | 8.7% | +0.7% |
| 2014 | 7.8% | -10.2% |
| 2015 | 6.5% | -17.6% |
| 2016 | 6.6% | +2.1% |
| 2017 | 6.5% | -1.3% |
| 2018 | 6.1% | -5.7% |
| 2019 | 6.3% | +2.4% |
| 2020 | 8.3% | +32.7% |
| 2021 | 8.0% | -3.5% |
| 2022 | 7.2% | -10.7% |
| 2023 | 6.8% | -5.2% |
| 2024 | 6.6% | -3.3% |
| 2025 | 5.9% | -10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.8% | 5.0% | 6.4% | 8 |
| 1990s | 7.0% | 4.5% | 11.2% | 10 |
| 2000s | 8.3% | 7.6% | 8.7% | 10 |
| 2010s | 7.5% | 6.1% | 9.2% | 10 |
| 2020s | 7.1% | 5.9% | 8.3% | 6 |
Countries ranked near Low & middle income
More private sector data for Low & middle income
- Merchandise trade 41.5% (2025)
- Food imports 8.8% (2024)
- Manufactures imports 58.0% (2024)
- Merchandise imports 8.33 trillion current US$ (2025)
- Food exports 10.2% (2024)
- Manufactures exports 72.6% (2024)
- Merchandise exports 8.84 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 1,301 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.213 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.48 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Low & middle income?
- Insurance and financial services in Low & middle income was 5.9% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Low & middle income?
- The highest recorded value was 11.2% in 1995.
- What is the lowest insurance and financial services recorded in Low & middle income?
- The lowest recorded value was 4.5% in 1990.
- How does Low & middle income rank for insurance and financial services?
- Low & middle income ranks 34th out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in Low & middle income?
- Over the last ten years it is down 8.3%. The long-run trend across the full record is rising.
- Where does this Low & middle income 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.
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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.