Insurance and financial services (% of commercial service imports) in Nepal
Nepal: Insurance and financial services (% of commercial service imports) was 4.9% in 2025. ▲ Rising
Insurance and financial services in Nepal, 1976–2025
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 Nepal is 4.9%, measured in 2025.
The figure is up 10.4% on the previous year and up 43.3% over ten years.
Over the whole period, insurance and financial services in Nepal peaked at 7.5% in 2021 and was at its lowest, 2.4%, in 1984.
That places Nepal 117th out of 197 countries with data for 2025, putting it 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 (% of commercial service imports) in Nepal, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1976 | 2.7% | — |
| 1977 | 2.7% | +1.2% |
| 1978 | 2.9% | +7.9% |
| 1979 | 2.7% | -7.6% |
| 1980 | 2.5% | -6.1% |
| 1981 | 2.6% | +0.4% |
| 1982 | 2.7% | +6.4% |
| 1983 | 3.0% | +10.7% |
| 1984 | 2.4% | -19.6% |
| 1985 | 2.4% | +0.8% |
| 1986 | 2.6% | +7.0% |
| 1987 | 2.5% | -2.8% |
| 1988 | 2.8% | +11.7% |
| 1989 | 2.8% | -2.7% |
| 1990 | 3.2% | +17.1% |
| 1991 | 3.3% | +1.5% |
| 1992 | 2.8% | -15.1% |
| 1993 | 2.8% | +2.2% |
| 1994 | 2.8% | -1.5% |
| 1995 | 3.0% | +7.4% |
| 2002 | 7.0% | +134.1% |
| 2003 | 6.7% | -5.0% |
| 2004 | 4.9% | -27.5% |
| 2005 | 6.2% | +28.0% |
| 2006 | 5.9% | -5.3% |
| 2007 | 4.3% | -27.1% |
| 2008 | 3.6% | -15.3% |
| 2009 | 3.3% | -10.5% |
| 2010 | 3.5% | +8.9% |
| 2011 | 4.5% | +25.9% |
| 2012 | 3.5% | -21.3% |
| 2013 | 3.0% | -13.4% |
| 2014 | 3.5% | +16.6% |
| 2015 | 3.4% | -3.6% |
| 2016 | 3.7% | +9.7% |
| 2017 | 3.4% | -8.0% |
| 2018 | 3.6% | +5.4% |
| 2019 | 4.1% | +11.8% |
| 2020 | 7.0% | +71.2% |
| 2021 | 7.5% | +8.2% |
| 2022 | 5.2% | -31.5% |
| 2023 | 4.0% | -22.5% |
| 2024 | 4.4% | +11.1% |
| 2025 | 4.9% | +10.4% |
Nepal compared with similar countries
- Nepal's 4.9% is below the median for lower middle income countries, which is 6.0%, 82% of the median. (47 countries reporting)
- Nepal's 4.9% is below the median for South Asia, which is 5.2%, 93% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in Nepal 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 |
|---|---|---|---|
| 2002 | +134.1% | 3.0% | 7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.8% | 2.7% | 2.9% | 4 |
| 1980s | 2.6% | 2.4% | 3.0% | 10 |
| 1990s | 3.0% | 2.8% | 3.3% | 6 |
| 2000s | 5.2% | 3.3% | 7.0% | 8 |
| 2010s | 3.6% | 3.0% | 4.5% | 10 |
| 2020s | 5.5% | 4.0% | 7.5% | 6 |
Countries ranked near Nepal
More private sector data for Nepal
- Merchandise trade 36.7% (2025)
- Food imports 18.0% (2022)
- Manufactures imports 52.5% (2022)
- Merchandise imports 14.40 billion current US$ (2025)
- Commercial service imports 2.50 billion current US$ (2025)
- Food exports 49.4% (2022)
- Manufactures exports 47.5% (2022)
- Merchandise exports 2.31 billion current US$ (2025)
- Commercial service exports 1.58 billion current US$ (2025)
- Merchandise exports (current US$), per capita 78.03 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Nepal?
- Insurance and financial services in Nepal was 4.9% 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 Nepal?
- The highest recorded value was 7.5% in 2021.
- What is the lowest insurance and financial services recorded in Nepal?
- The lowest recorded value was 2.4% in 1984.
- How does Nepal rank for insurance and financial services?
- Nepal ranks 117th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Nepal?
- Over the last ten years it is up 43.3%. The long-run trend across the full record is rising.
- Where does this Nepal 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.