Insurance and financial services in Mexico
Mexico: Insurance and financial services was 15.8% in 2025. ▲ Rising
Insurance and financial services in Mexico, 1979–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
In 2025, insurance and financial services in Mexico stood at 15.8%.
The figure is down 10.0% on the previous year and down 5.8% over ten years.
Over the whole period, insurance and financial services in Mexico peaked at 40.5% in 1996 and was at its lowest, 6.0%, in 1992.
Mexico ranks 18th of 197 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 47 years of available data.
Insurance and financial services in Mexico, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1979 | 8.6% | — |
| 1980 | 8.8% | +1.6% |
| 1981 | 9.0% | +2.2% |
| 1982 | 9.7% | +8.1% |
| 1983 | 10.3% | +6.0% |
| 1984 | 9.9% | -3.6% |
| 1985 | 8.5% | -14.2% |
| 1986 | 7.8% | -8.3% |
| 1987 | 8.7% | +12.1% |
| 1988 | 8.2% | -5.6% |
| 1989 | 7.2% | -12.4% |
| 1990 | 6.2% | -14.6% |
| 1991 | 6.1% | -0.9% |
| 1992 | 6.0% | -1.2% |
| 1993 | 10.1% | +66.8% |
| 1994 | 11.1% | +10.1% |
| 1995 | 12.5% | +12.5% |
| 1996 | 40.5% | +224.2% |
| 1997 | 40.1% | -0.9% |
| 1998 | 10.5% | -73.7% |
| 1999 | 11.6% | +10.4% |
| 2000 | 13.9% | +19.2% |
| 2001 | 15.1% | +9.1% |
| 2002 | 15.3% | +1.0% |
| 2003 | 16.3% | +6.9% |
| 2004 | 15.4% | -5.8% |
| 2005 | 14.7% | -4.3% |
| 2006 | 14.4% | -2.1% |
| 2007 | 16.5% | +14.9% |
| 2008 | 15.3% | -7.7% |
| 2009 | 18.4% | +20.2% |
| 2010 | 16.0% | -12.8% |
| 2011 | 18.1% | +13.3% |
| 2012 | 16.8% | -7.5% |
| 2013 | 18.4% | +9.8% |
| 2014 | 16.2% | -12.2% |
| 2015 | 16.8% | +4.0% |
| 2016 | 16.0% | -4.5% |
| 2017 | 16.7% | +3.8% |
| 2018 | 17.2% | +3.0% |
| 2019 | 19.7% | +15.0% |
| 2020 | 22.8% | +15.3% |
| 2021 | 18.9% | -16.9% |
| 2022 | 15.6% | -17.4% |
| 2023 | 16.6% | +6.1% |
| 2024 | 17.6% | +6.0% |
| 2025 | 15.8% | -10.0% |
Mexico compared with similar countries
- Mexico's 15.8% is above the median for upper middle income countries, which is 6.3%, 2.5× the median. (55 countries reporting)
- Mexico's 15.8% is above the median for Latin America & Caribbean, which is 10.1%, 1.6× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Mexico 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 |
|---|---|---|---|
| 1996 | +224.2% | 12.5% | 40.5% |
| 1998 | -73.7% | 40.1% | 10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.6% | 8.6% | 8.6% | 1 |
| 1980s | 8.8% | 7.2% | 10.3% | 10 |
| 1990s | 15.5% | 6.0% | 40.5% | 10 |
| 2000s | 15.5% | 13.9% | 18.4% | 10 |
| 2010s | 17.2% | 16.0% | 19.7% | 10 |
| 2020s | 17.9% | 15.6% | 22.8% | 6 |
Countries ranked near Mexico
More private sector data for Mexico
- Merchandise trade 73.5% (2025)
- Food imports 6.3% (2025)
- Manufactures imports 78.0% (2025)
- Merchandise imports 683.02 billion current US$ (2025)
- Food exports 7.5% (2025)
- Manufactures exports 81.2% (2025)
- Merchandise exports 664.84 billion current US$ (2025)
- Merchandise exports (current US$), per capita 5,039 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3628 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.64 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Mexico?
- Insurance and financial services in Mexico was 15.8% 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 Mexico?
- The highest recorded value was 40.5% in 1996.
- What is the lowest insurance and financial services recorded in Mexico?
- The lowest recorded value was 6.0% in 1992.
- How does Mexico rank for insurance and financial services?
- Mexico ranks 18th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Mexico?
- Over the last ten years it is down 5.8%. The long-run trend across the full record is rising.
- Where does this Mexico 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 — 47 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.