Insurance and financial services (% of commercial service imports) in Small states
Small states: Insurance and financial services (% of commercial service imports) was 8.4% in 2025. ▲ Rising
Insurance and financial services in Small states, 1992–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Small states recorded 8.4% for insurance and financial services in 2025.
That represents a change of up 10.9% on the previous year and down 14.0% over ten years.
Over the whole period, insurance and financial services in Small states peaked at 12.1% in 2010 and was at its lowest, 4.7%, in 2002.
That places Small states 19th out of 47 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Insurance and financial services (% of commercial service imports) in Small states, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1992 | 6.9% | — |
| 1993 | 7.3% | +5.7% |
| 1994 | 7.0% | -3.7% |
| 1995 | 7.1% | +0.4% |
| 1996 | 6.1% | -13.1% |
| 1997 | 5.4% | -12.8% |
| 1998 | 5.1% | -3.9% |
| 1999 | 4.9% | -5.0% |
| 2000 | 4.9% | +0.2% |
| 2001 | 5.6% | +14.5% |
| 2002 | 4.7% | -16.1% |
| 2006 | 9.8% | +108.2% |
| 2007 | 9.5% | -3.1% |
| 2008 | 9.0% | -5.0% |
| 2009 | 8.7% | -3.9% |
| 2010 | 12.1% | +40.0% |
| 2011 | 11.0% | -9.2% |
| 2012 | 10.3% | -6.5% |
| 2013 | 10.3% | -0.1% |
| 2014 | 10.8% | +5.1% |
| 2015 | 9.7% | -9.9% |
| 2016 | 9.7% | -0.2% |
| 2017 | 6.8% | -29.6% |
| 2018 | 7.4% | +7.4% |
| 2019 | 7.0% | -4.6% |
| 2020 | 9.5% | +35.4% |
| 2021 | 9.0% | -4.8% |
| 2022 | 10.8% | +19.6% |
| 2023 | 7.5% | -31.1% |
| 2024 | 7.6% | +1.4% |
| 2025 | 8.4% | +10.9% |
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in 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 |
|---|---|---|---|
| 2006 | +108.2% | 4.7% | 9.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.2% | 4.9% | 7.3% | 8 |
| 2000s | 7.5% | 4.7% | 9.8% | 7 |
| 2010s | 9.5% | 6.8% | 12.1% | 10 |
| 2020s | 8.8% | 7.5% | 10.8% | 6 |
Countries ranked near Small states
More private sector data for Small states
- Merchandise trade 70.4% (2025)
- Food imports 16.1% (2025)
- Manufactures imports 61.4% (2025)
- Merchandise imports 141.38 billion current US$ (2025)
- Commercial service imports 87.95 billion current US$ (2024)
- Food exports 17.2% (2025)
- Manufactures exports 43.9% (2025)
- Merchandise exports 100.88 billion current US$ (2025)
- Commercial service exports 121.16 billion current US$ (2024)
- Merchandise exports (current US$), per capita 4,958 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Small states?
- Insurance and financial services in Small states was 8.4% 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 Small states?
- The highest recorded value was 12.1% in 2010.
- What is the lowest insurance and financial services recorded in Small states?
- The lowest recorded value was 4.7% in 2002.
- How does Small states rank for insurance and financial services?
- Small states ranks 19th out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in Small states?
- Over the last ten years it is down 14.0%. The long-run trend across the full record is rising.
- Where does this 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 — 31 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.