Insurance and financial services in Middle East, North Africa, Afghanistan & Pakistan
Middle East, North Africa, Afghanistan & Pakistan: Insurance and financial services was 8.5% in 2024. ▬ Flat
Insurance and financial services in Middle East, North Africa, Afghanistan & Pakistan, 2011–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Middle East, North Africa, Afghanistan & Pakistan recorded 8.5% for insurance and financial services in 2024. That is the lowest value across all 14 years on record.
Compared with earlier readings it is down 1.1% on the previous year and down 9.1% over ten years.
Over the whole period, insurance and financial services in Middle East, North Africa, Afghanistan & Pakistan peaked at 10.6% in 2021 and was at its lowest, 8.5%, in 2024.
That places Middle East, North Africa, Afghanistan & Pakistan 18th out of 47 groups with data for 2024, putting it in the middle of the range.
Insurance and financial services in Middle East, North Africa, Afghanistan & Pakistan, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2011 | 9.0% | — |
| 2012 | 10.0% | +10.1% |
| 2013 | 9.4% | -5.5% |
| 2014 | 9.3% | -1.2% |
| 2015 | 9.5% | +1.7% |
| 2016 | 9.1% | -3.4% |
| 2017 | 8.9% | -2.1% |
| 2018 | 9.5% | +5.8% |
| 2019 | 9.0% | -4.8% |
| 2020 | 10.3% | +14.2% |
| 2021 | 10.6% | +2.6% |
| 2022 | 8.7% | -17.3% |
| 2023 | 8.5% | -2.2% |
| 2024 | 8.5% | -1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.3% | 8.9% | 10.0% | 9 |
| 2020s | 9.3% | 8.5% | 10.6% | 5 |
Countries ranked near Middle East, North Africa, Afghanistan & Pakistan
More private sector data for Middle East, North Africa, Afghanistan & Pakistan
- Merchandise trade 47.2% (2025)
- Food imports 11.7% (2023)
- Manufactures imports 60.4% (2023)
- Merchandise imports 1.70 trillion current US$ (2025)
- Food exports 4.1% (2023)
- Manufactures exports 23.8% (2023)
- Merchandise exports 1.79 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,163 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3487 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 5.5 % change on previous year (2025)
All data for Middle East, North Africa, Afghanistan & Pakistan →
Frequently asked questions
- What is insurance and financial services in Middle East, North Africa, Afghanistan & Pakistan?
- Insurance and financial services in Middle East, North Africa, Afghanistan & Pakistan was 8.5% 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 Middle East, North Africa, Afghanistan & Pakistan?
- The highest recorded value was 10.6% in 2021.
- What is the lowest insurance and financial services recorded in Middle East, North Africa, Afghanistan & Pakistan?
- The lowest recorded value was 8.5% in 2024.
- How does Middle East, North Africa, Afghanistan & Pakistan rank for insurance and financial services?
- Middle East, North Africa, Afghanistan & Pakistan ranks 18th out of 47 groups with data for 2024.
- Is insurance and financial services rising or falling in Middle East, North Africa, Afghanistan & Pakistan?
- Over the last ten years it is down 9.1%. The long-run trend across the full record is flat.
- Where does this Middle East, North Africa, Afghanistan & Pakistan 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 — 14 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.