Insurance and financial services in New Zealand
New Zealand: Insurance and financial services was 13.0% in 2025. ▲ Rising
Insurance and financial services in New Zealand, 2000–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
New Zealand recorded 13.0% for insurance and financial services in 2025.
That represents a change of down 7.5% on the previous year and up 44.0% over ten years.
Over the whole period, insurance and financial services in New Zealand peaked at 17.6% in 2020 and was at its lowest, 3.7%, in 2000.
That places New Zealand 29th out of 197 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Insurance and financial services in New Zealand, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2000 | 3.7% | — |
| 2001 | 4.1% | +12.1% |
| 2002 | 5.3% | +28.8% |
| 2003 | 5.5% | +4.1% |
| 2004 | 5.5% | -0.7% |
| 2005 | 5.4% | -0.6% |
| 2006 | 4.8% | -11.4% |
| 2007 | 5.1% | +5.2% |
| 2008 | 4.3% | -15.2% |
| 2009 | 5.6% | +31.3% |
| 2010 | 5.4% | -4.1% |
| 2011 | 6.6% | +22.0% |
| 2012 | 7.5% | +13.8% |
| 2013 | 8.6% | +15.3% |
| 2014 | 8.1% | -6.8% |
| 2015 | 9.0% | +11.6% |
| 2016 | 9.0% | +0.2% |
| 2017 | 9.3% | +3.3% |
| 2018 | 10.3% | +10.8% |
| 2019 | 12.0% | +16.4% |
| 2020 | 17.6% | +46.5% |
| 2021 | 13.8% | -21.4% |
| 2022 | 11.1% | -19.8% |
| 2023 | 13.0% | +17.1% |
| 2024 | 14.0% | +7.9% |
| 2025 | 13.0% | -7.5% |
New Zealand compared with similar countries
- New Zealand's 13.0% is above the median for high income countries, which is 6.4%, 2.0× the median. (72 countries reporting)
- New Zealand's 13.0% is above the median for East Asia & Pacific, which is 5.2%, 2.5× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.9% | 3.7% | 5.6% | 10 |
| 2010s | 8.6% | 5.4% | 12.0% | 10 |
| 2020s | 13.7% | 11.1% | 17.6% | 6 |
Countries ranked near New Zealand
More private sector data for New Zealand
- Merchandise trade 35.7% (2025)
- Food imports 12.8% (2025)
- Manufactures imports 70.7% (2025)
- Merchandise imports 47.55 billion current US$ (2025)
- Food exports 69.0% (2025)
- Manufactures exports 14.0% (2025)
- Merchandise exports 46.70 billion current US$ (2025)
- Merchandise exports (current US$), per capita 8,770 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1769 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 10.43 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in New Zealand?
- Insurance and financial services in New Zealand was 13.0% 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 New Zealand?
- The highest recorded value was 17.6% in 2020.
- What is the lowest insurance and financial services recorded in New Zealand?
- The lowest recorded value was 3.7% in 2000.
- How does New Zealand rank for insurance and financial services?
- New Zealand ranks 29th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in New Zealand?
- Over the last ten years it is up 44.0%. The long-run trend across the full record is rising.
- Where does this New Zealand 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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CSV · JSON — 26 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.