Insurance and financial services in Other small states
Other small states: Insurance and financial services was 5.7% in 2024. ▲ Rising
Insurance and financial services in Other small states, 1992–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
In 2024, insurance and financial services in Other small states stood at 5.7%.
The figure is up 0.8% on the previous year and down 50.3% over ten years.
Over the whole period, insurance and financial services in Other small states peaked at 11.8% in 2011 and was at its lowest, 4.3%, in 2002.
Other small states ranks 39th of 47 groups on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Insurance and financial services in Other small states, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1992 | 5.2% | — |
| 1993 | 6.0% | +15.3% |
| 1994 | 5.8% | -4.6% |
| 1995 | 6.3% | +10.0% |
| 1996 | 6.3% | -1.5% |
| 1997 | 5.6% | -9.9% |
| 1998 | 5.6% | -1.2% |
| 1999 | 4.7% | -15.1% |
| 2000 | 4.9% | +3.5% |
| 2001 | 5.2% | +5.7% |
| 2002 | 4.3% | -17.3% |
| 2008 | 10.8% | +152.7% |
| 2009 | 9.4% | -13.2% |
| 2010 | 11.8% | +25.5% |
| 2011 | 11.8% | +0.4% |
| 2012 | 10.6% | -10.2% |
| 2013 | 10.5% | -0.9% |
| 2014 | 11.5% | +9.3% |
| 2015 | 9.5% | -16.9% |
| 2016 | 9.6% | +1.2% |
| 2017 | 6.2% | -35.3% |
| 2018 | 6.3% | +0.5% |
| 2019 | 5.9% | -5.1% |
| 2020 | 7.3% | +22.0% |
| 2021 | 7.1% | -1.6% |
| 2022 | 6.9% | -3.1% |
| 2023 | 5.7% | -18.2% |
| 2024 | 5.7% | +0.8% |
Biggest year-on-year movements
Years where Insurance and financial services in Other small states 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 |
|---|---|---|---|
| 2008 | +152.7% | 4.3% | 10.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.7% | 4.7% | 6.3% | 8 |
| 2000s | 6.9% | 4.3% | 10.8% | 5 |
| 2010s | 9.4% | 5.9% | 11.8% | 10 |
| 2020s | 6.5% | 5.7% | 7.3% | 5 |
Countries ranked near Other small states
More private sector data for Other small states
- Merchandise trade 70.8% (2025)
- Food imports 15.3% (2024)
- Manufactures imports 60.0% (2024)
- Merchandise imports 104.18 billion current US$ (2025)
- Food exports 20.5% (2024)
- Manufactures exports 44.0% (2024)
- Merchandise exports 68.50 billion current US$ (2025)
- Merchandise exports (current US$), per capita 5,255 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2996 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 5.86 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Other small states?
- Insurance and financial services in Other small states was 5.7% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Other small states?
- The highest recorded value was 11.8% in 2011.
- What is the lowest insurance and financial services recorded in Other small states?
- The lowest recorded value was 4.3% in 2002.
- How does Other small states rank for insurance and financial services?
- Other small states ranks 39th out of 47 groups with data for 2024.
- Is insurance and financial services rising or falling in Other small states?
- Over the last ten years it is down 50.3%. The long-run trend across the full record is rising.
- Where does this Other small states 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 — 28 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.