Insurance and financial services (% of commercial service imports) in Luxembourg
Luxembourg: Insurance and financial services (% of commercial service imports) was 44.6% in 2025. ▼ Falling
Insurance and financial services in Luxembourg, 1999–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Luxembourg recorded 44.6% for insurance and financial services in 2025.
The figure is up 5.4% on the previous year and down 23.3% over ten years.
Over the whole period, insurance and financial services in Luxembourg peaked at 71.9% in 2007 and was at its lowest, 42.3%, in 2024.
Luxembourg ranks 1st of 197 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 27 years of available data.
Insurance and financial services (% of commercial service imports) in Luxembourg, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1999 | 58.7% | — |
| 2000 | 59.3% | +0.9% |
| 2001 | 56.1% | -5.5% |
| 2002 | 67.2% | +19.8% |
| 2003 | 63.4% | -5.5% |
| 2004 | 63.6% | +0.2% |
| 2005 | 67.5% | +6.1% |
| 2006 | 70.1% | +3.9% |
| 2007 | 71.9% | +2.5% |
| 2008 | 66.9% | -6.8% |
| 2009 | 63.4% | -5.3% |
| 2010 | 62.5% | -1.5% |
| 2011 | 60.1% | -3.7% |
| 2012 | 55.3% | -8.1% |
| 2013 | 54.8% | -1.0% |
| 2014 | 55.1% | +0.7% |
| 2015 | 58.1% | +5.4% |
| 2016 | 55.1% | -5.3% |
| 2017 | 54.1% | -1.7% |
| 2018 | 52.1% | -3.8% |
| 2019 | 49.3% | -5.2% |
| 2020 | 48.3% | -2.2% |
| 2021 | 48.1% | -0.4% |
| 2022 | 44.1% | -8.3% |
| 2023 | 42.8% | -3.0% |
| 2024 | 42.3% | -1.1% |
| 2025 | 44.6% | +5.4% |
Luxembourg compared with similar countries
- Luxembourg's 44.6% is above the median for high income countries, which is 6.4%, 7.0× the median. (72 countries reporting)
- Luxembourg's 44.6% is above the median for Europe & Central Asia, which is 5.2%, 8.6× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 58.7% | 58.7% | 58.7% | 1 |
| 2000s | 64.9% | 56.1% | 71.9% | 10 |
| 2010s | 55.6% | 49.3% | 62.5% | 10 |
| 2020s | 45.0% | 42.3% | 48.3% | 6 |
Countries ranked near Luxembourg
More private sector data for Luxembourg
- Merchandise trade 46.0% (2025)
- Food imports 15.0% (2025)
- Manufactures imports 66.9% (2025)
- Merchandise imports 28.17 billion current US$ (2025)
- Commercial service imports 147.24 billion current US$ (2025)
- Food exports 12.7% (2025)
- Manufactures exports 78.6% (2025)
- Merchandise exports 18.39 billion current US$ (2025)
- Commercial service exports 177.05 billion current US$ (2025)
- Merchandise exports (current US$), per capita 26,770 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Luxembourg?
- Insurance and financial services in Luxembourg was 44.6% 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 Luxembourg?
- The highest recorded value was 71.9% in 2007.
- What is the lowest insurance and financial services recorded in Luxembourg?
- The lowest recorded value was 42.3% in 2024.
- How does Luxembourg rank for insurance and financial services?
- Luxembourg ranks 1st out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Luxembourg?
- Over the last ten years it is down 23.3%. The long-run trend across the full record is falling.
- Where does this Luxembourg 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 — 27 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.