Insurance and financial services in OECD members
OECD members: Insurance and financial services was 11.5% in 2025. ▲ Rising
Insurance and financial services in OECD members, 1977–2025
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 OECD members is 11.5%, measured in 2025.
The figure is up 5.9% on the previous year and up 16.3% over ten years.
Over the whole period, insurance and financial services in OECD members peaked at 12.5% in 2020 and was at its lowest, 3.9%, in 1980.
OECD members ranks 4th of 47 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 49 years of available data.
Insurance and financial services in OECD members, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1977 | 3.9% | — |
| 1978 | 4.1% | +4.2% |
| 1979 | 4.3% | +5.3% |
| 1980 | 3.9% | -10.7% |
| 1981 | 4.2% | +7.6% |
| 1982 | 4.4% | +5.9% |
| 1983 | 4.4% | -0.9% |
| 1984 | 4.7% | +6.7% |
| 1985 | 5.1% | +8.7% |
| 1986 | 5.1% | +0.8% |
| 1987 | 5.3% | +4.7% |
| 1988 | 5.0% | -6.1% |
| 1989 | 4.5% | -10.2% |
| 1990 | 4.8% | +6.3% |
| 1991 | 5.8% | +22.2% |
| 1992 | 6.8% | +16.8% |
| 1993 | 6.8% | +0.0% |
| 1994 | 5.8% | -14.5% |
| 1995 | 6.1% | +3.7% |
| 1996 | 7.3% | +19.5% |
| 1997 | 7.3% | +1.0% |
| 1998 | 6.1% | -16.6% |
| 1999 | 7.3% | +19.2% |
| 2000 | 7.5% | +3.1% |
| 2001 | 8.4% | +12.3% |
| 2002 | 9.2% | +8.8% |
| 2003 | 9.3% | +1.3% |
| 2004 | 9.5% | +2.6% |
| 2005 | 9.2% | -3.5% |
| 2006 | 10.4% | +13.3% |
| 2007 | 10.8% | +3.8% |
| 2008 | 10.7% | -1.0% |
| 2009 | 11.5% | +6.9% |
| 2010 | 11.1% | -3.4% |
| 2011 | 10.8% | -2.5% |
| 2012 | 10.3% | -4.2% |
| 2013 | 10.3% | -0.8% |
| 2014 | 10.1% | -1.4% |
| 2015 | 9.9% | -2.4% |
| 2016 | 9.9% | +0.4% |
| 2017 | 9.7% | -2.0% |
| 2018 | 9.3% | -4.5% |
| 2019 | 9.5% | +2.1% |
| 2020 | 12.5% | +32.0% |
| 2021 | 11.8% | -5.5% |
| 2022 | 9.9% | -15.8% |
| 2023 | 10.4% | +4.9% |
| 2024 | 10.8% | +4.1% |
| 2025 | 11.5% | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.1% | 3.9% | 4.3% | 3 |
| 1980s | 4.6% | 3.9% | 5.3% | 10 |
| 1990s | 6.4% | 4.8% | 7.3% | 10 |
| 2000s | 9.7% | 7.5% | 11.5% | 10 |
| 2010s | 10.1% | 9.3% | 11.1% | 10 |
| 2020s | 11.2% | 9.9% | 12.5% | 6 |
Countries ranked near OECD members
- 1 Luxembourg 49.4% compare
- 2 Bahrain 35.0% compare
- 3 Cayman Islands 30.3% compare
- 4 Libya 27.7% compare
- 5 Macau, China 22.1% compare
- 6 United States of America 20.3% compare
- 7 Congo, Democratic Republic of the 20.0% compare
More private sector data for OECD members
- Merchandise trade 41.9% (2025)
- Food imports 9.1% (2024)
- Manufactures imports 70.6% (2024)
- Merchandise imports 15.86 trillion current US$ (2025)
- Food exports 9.5% (2024)
- Manufactures exports 69.2% (2024)
- Merchandise exports 14.51 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 10,347 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.28 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in OECD members?
- Insurance and financial services in OECD members was 11.5% 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 OECD members?
- The highest recorded value was 12.5% in 2020.
- What is the lowest insurance and financial services recorded in OECD members?
- The lowest recorded value was 3.9% in 1980.
- How does OECD members rank for insurance and financial services?
- OECD members ranks 4th out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in OECD members?
- Over the last ten years it is up 16.3%. The long-run trend across the full record is rising.
- Where does this OECD members 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.