Insurance and financial services in Norway
Norway: Insurance and financial services was 3.7% in 2025. ▲ Rising
Insurance and financial services in Norway, 1975–2025
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 Norway stood at 3.7%.
The figure is up 3.0% on the previous year and down 5.7% over ten years.
Over the whole period, insurance and financial services in Norway peaked at 8.0% in 2003 and was at its lowest, 1.1%, in 1991.
Norway ranks 144th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 46 years of available data.
Insurance and financial services in Norway, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1975 | 4.3% | — |
| 1976 | 2.2% | -48.9% |
| 1977 | 2.5% | +13.1% |
| 1978 | 2.1% | -15.6% |
| 1979 | 2.4% | +14.0% |
| 1980 | 3.4% | +40.9% |
| 1981 | 2.2% | -34.8% |
| 1982 | 2.1% | -5.8% |
| 1983 | 2.3% | +8.7% |
| 1984 | 2.7% | +20.9% |
| 1985 | 2.7% | -1.3% |
| 1986 | 2.2% | -17.1% |
| 1987 | 1.2% | -46.9% |
| 1988 | 1.3% | +11.9% |
| 1989 | 1.2% | -12.8% |
| 1990 | 1.7% | +46.1% |
| 1991 | 1.1% | -32.4% |
| 1992 | 6.3% | +447.4% |
| 1993 | 6.5% | +3.1% |
| 1994 | 6.3% | -3.3% |
| 1995 | 5.3% | -15.1% |
| 1996 | 5.7% | +7.9% |
| 1997 | 3.8% | -32.9% |
| 1998 | 4.2% | +9.1% |
| 1999 | 5.8% | +38.5% |
| 2000 | 6.0% | +3.5% |
| 2001 | 6.1% | +1.8% |
| 2002 | 7.0% | +14.3% |
| 2003 | 8.0% | +14.4% |
| 2004 | 6.7% | -16.8% |
| 2005 | 4.9% | -26.2% |
| 2006 | 4.9% | -0.5% |
| 2007 | 3.4% | -30.8% |
| 2008 | 2.7% | -19.5% |
| 2009 | 4.6% | +70.7% |
| 2010 | 3.7% | -20.9% |
| 2011 | 5.1% | +40.0% |
| 2017 | 3.9% | -23.7% |
| 2018 | 4.0% | +2.4% |
| 2019 | 4.5% | +11.0% |
| 2020 | 6.2% | +39.3% |
| 2021 | 4.9% | -21.1% |
| 2022 | 3.8% | -22.0% |
| 2023 | 3.9% | +1.9% |
| 2024 | 3.6% | -7.9% |
| 2025 | 3.7% | +3.0% |
Norway compared with similar countries
- Norway's 3.7% is below the median for high income countries, which is 6.4%, 58% of the median. (72 countries reporting)
- Norway's 3.7% is below the median for Europe & Central Asia, which is 5.2%, 71% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Norway 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 |
|---|---|---|---|
| 1992 | +447.4% | 1.1% | 6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.7% | 2.1% | 4.3% | 5 |
| 1980s | 2.1% | 1.2% | 3.4% | 10 |
| 1990s | 4.7% | 1.1% | 6.5% | 10 |
| 2000s | 5.4% | 2.7% | 8.0% | 10 |
| 2010s | 4.2% | 3.7% | 5.1% | 5 |
| 2020s | 4.4% | 3.6% | 6.2% | 6 |
Countries ranked near Norway
More private sector data for Norway
- Merchandise trade 52.4% (2025)
- Food imports 11.1% (2025)
- Manufactures imports 73.4% (2025)
- Merchandise imports 107.32 billion current US$ (2025)
- Food exports 10.8% (2025)
- Manufactures exports 17.3% (2025)
- Merchandise exports 170.57 billion current US$ (2025)
- Merchandise exports (current US$), per capita 30,399 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3214 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 1.54 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Norway?
- Insurance and financial services in Norway was 3.7% 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 Norway?
- The highest recorded value was 8.0% in 2003.
- What is the lowest insurance and financial services recorded in Norway?
- The lowest recorded value was 1.1% in 1991.
- How does Norway rank for insurance and financial services?
- Norway ranks 144th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Norway?
- Over the last ten years it is down 5.7%. The long-run trend across the full record is rising.
- Where does this Norway 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 — 46 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.