Insurance and financial services in Saint Kitts and Nevis
Saint Kitts and Nevis: Insurance and financial services was 18.5% in 2025. ▲ Rising
Insurance and financial services in Saint Kitts and Nevis, 1980–2025
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 Saint Kitts and Nevis is 18.5%, measured in 2025.
The figure is up 1.8% on the previous year and up 87.3% over ten years.
Over the whole period, insurance and financial services in Saint Kitts and Nevis peaked at 19.8% in 2021 and was at its lowest, 3.1%, in 1982.
That places Saint Kitts and Nevis 11th out of 197 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 46 years of available data.
Insurance and financial services in Saint Kitts and Nevis, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1980 | 6.9% | — |
| 1981 | 6.0% | -13.7% |
| 1982 | 3.1% | -47.8% |
| 1983 | 4.3% | +37.1% |
| 1984 | 5.1% | +19.2% |
| 1985 | 4.5% | -12.1% |
| 1986 | 9.0% | +102.0% |
| 1987 | 9.1% | +0.7% |
| 1988 | 8.7% | -4.3% |
| 1989 | 7.6% | -12.3% |
| 1990 | 6.9% | -10.3% |
| 1991 | 6.9% | +1.3% |
| 1992 | 8.0% | +14.8% |
| 1993 | 8.8% | +10.9% |
| 1994 | 13.7% | +54.6% |
| 1995 | 11.3% | -17.4% |
| 1996 | 10.5% | -7.0% |
| 1997 | 9.4% | -10.5% |
| 1998 | 10.1% | +7.9% |
| 1999 | 10.3% | +1.1% |
| 2000 | 13.7% | +33.4% |
| 2001 | 14.4% | +5.2% |
| 2002 | 12.1% | -16.1% |
| 2003 | 12.5% | +3.2% |
| 2004 | 12.8% | +2.4% |
| 2005 | 11.4% | -10.9% |
| 2006 | 10.4% | -8.2% |
| 2007 | 11.0% | +5.5% |
| 2008 | 9.6% | -13.3% |
| 2009 | 9.4% | -1.8% |
| 2010 | 7.8% | -16.6% |
| 2011 | 7.5% | -3.6% |
| 2012 | 7.7% | +1.6% |
| 2013 | 8.2% | +7.7% |
| 2014 | 8.2% | -0.1% |
| 2015 | 9.9% | +20.1% |
| 2016 | 10.7% | +8.6% |
| 2017 | 9.8% | -9.2% |
| 2018 | 10.6% | +8.6% |
| 2019 | 11.5% | +8.5% |
| 2020 | 17.6% | +53.4% |
| 2021 | 19.8% | +12.1% |
| 2022 | 16.0% | -19.0% |
| 2023 | 13.8% | -13.7% |
| 2024 | 18.2% | +31.7% |
| 2025 | 18.5% | +1.8% |
Saint Kitts and Nevis compared with similar countries
- Saint Kitts and Nevis's 18.5% is above the median for high income countries, which is 6.4%, 2.9× the median. (72 countries reporting)
- Saint Kitts and Nevis's 18.5% is above the median for Latin America & Caribbean, which is 10.1%, 1.8× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Saint Kitts and Nevis 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 |
|---|---|---|---|
| 1986 | +102.0% | 4.5% | 9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.4% | 3.1% | 9.1% | 10 |
| 1990s | 9.6% | 6.9% | 13.7% | 10 |
| 2000s | 11.7% | 9.4% | 14.4% | 10 |
| 2010s | 9.2% | 7.5% | 11.5% | 10 |
| 2020s | 17.3% | 13.8% | 19.8% | 6 |
Countries ranked near Saint Kitts and Nevis
More private sector data for Saint Kitts and Nevis
- Merchandise trade 37.5% (2025)
- Food imports 25.4% (2017)
- Manufactures imports 71.1% (2017)
- Merchandise imports 410.00 million current US$ (2025)
- Food exports 13.5% (2017)
- Manufactures exports 86.4% (2017)
- Merchandise exports 34.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 724.61 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0287 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 9.68 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Saint Kitts and Nevis?
- Insurance and financial services in Saint Kitts and Nevis was 18.5% 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 Saint Kitts and Nevis?
- The highest recorded value was 19.8% in 2021.
- What is the lowest insurance and financial services recorded in Saint Kitts and Nevis?
- The lowest recorded value was 3.1% in 1982.
- How does Saint Kitts and Nevis rank for insurance and financial services?
- Saint Kitts and Nevis ranks 11th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Saint Kitts and Nevis?
- Over the last ten years it is up 87.3%. The long-run trend across the full record is rising.
- Where does this Saint Kitts and Nevis 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
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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.