Insurance and financial services (% of commercial service imports) in North America
North America: Insurance and financial services (% of commercial service imports) was 21.3% in 2025. ◆ Volatile
Insurance and financial services in North America, 1970–2025
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 North America is 21.3%, measured in 2025.
Compared with earlier readings it is up 10.4% on the previous year and up 25.8% over ten years.
Over the whole period, insurance and financial services in North America peaked at 22.5% in 2009 and was at its lowest, 1.4%, in 1974.
North America ranks 1st of 47 groups on this measure, in the top 10%.
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 North America, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1970 | 2.2% | — |
| 1971 | 2.5% | +13.2% |
| 1972 | 2.3% | -9.4% |
| 1973 | 1.8% | -22.1% |
| 1974 | 1.4% | -20.3% |
| 1975 | 2.1% | +47.3% |
| 1976 | 2.8% | +36.3% |
| 1977 | 3.1% | +9.2% |
| 1978 | 3.4% | +11.7% |
| 1979 | 3.3% | -4.1% |
| 1980 | 3.0% | -9.7% |
| 1981 | 3.9% | +32.6% |
| 1982 | 4.2% | +5.8% |
| 1983 | 4.3% | +4.1% |
| 1984 | 4.0% | -7.0% |
| 1985 | 5.1% | +27.3% |
| 1986 | 6.6% | +27.4% |
| 1987 | 7.4% | +12.8% |
| 1988 | 5.6% | -24.9% |
| 1989 | 3.9% | -29.1% |
| 1990 | 4.7% | +19.6% |
| 1991 | 5.4% | +14.5% |
| 1992 | 5.3% | -1.9% |
| 1993 | 5.5% | +4.5% |
| 1994 | 5.9% | +6.2% |
| 1995 | 6.1% | +4.2% |
| 1996 | 6.3% | +3.6% |
| 1997 | 6.5% | +2.6% |
| 1998 | 7.2% | +11.2% |
| 1999 | 12.2% | +69.2% |
| 2000 | 13.6% | +11.0% |
| 2001 | 15.9% | +17.2% |
| 2002 | 17.0% | +7.1% |
| 2003 | 17.5% | +2.8% |
| 2004 | 17.6% | +0.6% |
| 2005 | 17.2% | -2.1% |
| 2006 | 19.8% | +14.7% |
| 2007 | 21.6% | +9.3% |
| 2008 | 21.5% | -0.6% |
| 2009 | 22.5% | +4.6% |
| 2010 | 21.6% | -3.9% |
| 2011 | 20.0% | -7.2% |
| 2012 | 19.1% | -4.9% |
| 2013 | 17.9% | -6.2% |
| 2014 | 17.7% | -1.2% |
| 2015 | 16.9% | -4.3% |
| 2016 | 17.1% | +1.1% |
| 2017 | 16.7% | -2.1% |
| 2018 | 15.5% | -7.2% |
| 2019 | 16.0% | +2.8% |
| 2020 | 21.9% | +37.5% |
| 2021 | 19.6% | -10.5% |
| 2022 | 17.0% | -13.3% |
| 2023 | 18.0% | +6.0% |
| 2024 | 19.3% | +6.8% |
| 2025 | 21.3% | +10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.5% | 1.4% | 3.4% | 10 |
| 1980s | 4.8% | 3.0% | 7.4% | 10 |
| 1990s | 6.5% | 4.7% | 12.2% | 10 |
| 2000s | 18.4% | 13.6% | 22.5% | 10 |
| 2010s | 17.9% | 15.5% | 21.6% | 10 |
| 2020s | 19.5% | 17.0% | 21.9% | 6 |
Countries ranked near North America
- 1 Luxembourg 44.6% compare
- 2 Bahrain 33.8% compare
- 3 Cayman Islands 30.3% compare
- 4 Libya 27.7% compare
More private sector data for North America
- Merchandise trade 20.6% (2025)
- Food imports 7.1% (2025)
- Manufactures imports 78.2% (2025)
- Merchandise imports 4.09 trillion current US$ (2025)
- Commercial service imports 1.05 trillion current US$ (2025)
- Food exports 10.0% (2025)
- Manufactures exports 51.8% (2025)
- Merchandise exports 2.74 trillion current US$ (2025)
- Commercial service exports 1.39 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 7,145 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in North America?
- Insurance and financial services in North America was 21.3% 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 North America?
- The highest recorded value was 22.5% in 2009.
- What is the lowest insurance and financial services recorded in North America?
- The lowest recorded value was 1.4% in 1974.
- How does North America rank for insurance and financial services?
- North America ranks 1st out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in North America?
- Over the last ten years it is up 25.8%. The long-run trend across the full record is volatile.
- Where does this North America 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.