Insurance and financial services (% of commercial service imports) in Malta
Malta: Insurance and financial services (% of commercial service imports) was 2.6% in 2024. ◆ Volatile
Insurance and financial services in Malta, 1971–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Malta recorded 2.6% for insurance and financial services in 2024.
That represents a change of up 17.7% on the previous year and down 92.2% over ten years.
Over the whole period, insurance and financial services in Malta peaked at 58.5% in 2004 and was at its lowest, 2.2%, in 2023.
Malta ranks 162nd of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services (% of commercial service imports) in Malta, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1971 | 20.1% | — |
| 1972 | 20.0% | -0.6% |
| 1973 | 20.4% | +2.2% |
| 1974 | 16.2% | -20.9% |
| 1975 | 15.6% | -3.4% |
| 1976 | 15.4% | -1.5% |
| 1977 | 13.6% | -11.3% |
| 1978 | 14.4% | +5.9% |
| 1979 | 13.8% | -4.8% |
| 1980 | 13.2% | -3.7% |
| 1981 | 13.2% | -0.6% |
| 1982 | 12.2% | -7.5% |
| 1983 | 15.3% | +25.7% |
| 1984 | 16.2% | +5.7% |
| 1985 | 18.6% | +15.3% |
| 1986 | 18.4% | -1.5% |
| 1987 | 15.7% | -14.4% |
| 1988 | 15.6% | -0.6% |
| 1989 | 16.9% | +8.0% |
| 1990 | 15.8% | -6.2% |
| 1991 | 16.6% | +5.2% |
| 1992 | 18.3% | +10.0% |
| 1993 | 13.6% | -25.8% |
| 1994 | 12.8% | -5.5% |
| 1995 | 12.1% | -5.6% |
| 1996 | 11.2% | -7.3% |
| 1997 | 9.4% | -16.4% |
| 1998 | 8.6% | -8.7% |
| 1999 | 6.9% | -19.6% |
| 2000 | 9.2% | +33.9% |
| 2001 | 9.5% | +2.4% |
| 2002 | 9.1% | -3.9% |
| 2003 | 8.2% | -9.3% |
| 2004 | 58.5% | +609.4% |
| 2005 | 53.1% | -9.2% |
| 2006 | 42.8% | -19.4% |
| 2007 | 42.1% | -1.7% |
| 2008 | 36.8% | -12.7% |
| 2009 | 29.9% | -18.8% |
| 2010 | 35.1% | +17.6% |
| 2011 | 37.6% | +7.2% |
| 2012 | 35.1% | -6.6% |
| 2013 | 34.3% | -2.4% |
| 2014 | 33.3% | -3.0% |
| 2015 | 27.6% | -17.1% |
| 2016 | 27.1% | -1.6% |
| 2017 | 2.8% | -89.5% |
| 2018 | 2.8% | -1.2% |
| 2019 | 2.9% | +1.7% |
| 2020 | 2.8% | -1.4% |
| 2021 | 3.6% | +29.3% |
| 2022 | 2.7% | -25.0% |
| 2023 | 2.2% | -18.9% |
| 2024 | 2.6% | +17.7% |
Malta compared with similar countries
- Malta's 2.6% is below the median for high income countries, which is 6.4%, 41% of the median. (72 countries reporting)
- Malta's 2.6% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.7%, 39% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in Malta 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 |
|---|---|---|---|
| 2004 | +609.4% | 8.2% | 58.5% |
| 2017 | -89.5% | 27.1% | 2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.6% | 13.6% | 20.4% | 9 |
| 1980s | 15.5% | 12.2% | 18.6% | 10 |
| 1990s | 12.5% | 6.9% | 18.3% | 10 |
| 2000s | 29.9% | 8.2% | 58.5% | 10 |
| 2010s | 23.9% | 2.8% | 37.6% | 10 |
| 2020s | 2.8% | 2.2% | 3.6% | 5 |
Countries ranked near Malta
More private sector data for Malta
- Merchandise trade 46.9% (2025)
- Food imports 13.2% (2025)
- Manufactures imports 66.3% (2025)
- Merchandise imports 9.22 billion current US$ (2025)
- Commercial service imports 17.37 billion current US$ (2024)
- Food exports 9.9% (2025)
- Manufactures exports 79.8% (2025)
- Merchandise exports 3.82 billion current US$ (2025)
- Commercial service exports 25.00 billion current US$ (2024)
- Merchandise exports (current US$), per capita 6,588 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Malta?
- Insurance and financial services in Malta was 2.6% 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 Malta?
- The highest recorded value was 58.5% in 2004.
- What is the lowest insurance and financial services recorded in Malta?
- The lowest recorded value was 2.2% in 2023.
- How does Malta rank for insurance and financial services?
- Malta ranks 162nd out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Malta?
- Over the last ten years it is down 92.2%. The long-run trend across the full record is volatile.
- Where does this Malta 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.