Insurance and financial services in Saint Vincent and the Grenadines
Saint Vincent and the Grenadines: Insurance and financial services was 13.5% in 2025. ▲ Rising
Insurance and financial services in Saint Vincent and the Grenadines, 1978–2025
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 Vincent and the Grenadines is 13.5%, measured in 2025.
The figure is up 17.0% on the previous year and up 33.6% over ten years.
Over the whole period, insurance and financial services in Saint Vincent and the Grenadines peaked at 18.4% in 2020 and was at its lowest, 4.0%, in 1981.
That places Saint Vincent and the Grenadines 26th out of 197 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 48 years of available data.
Insurance and financial services in Saint Vincent and the Grenadines, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1978 | 5.9% | — |
| 1979 | 4.3% | -27.1% |
| 1980 | 4.6% | +6.2% |
| 1981 | 4.0% | -12.6% |
| 1982 | 4.3% | +9.0% |
| 1983 | 4.6% | +6.5% |
| 1984 | 4.4% | -3.9% |
| 1985 | 4.4% | -0.4% |
| 1986 | 8.0% | +80.9% |
| 1987 | 8.5% | +6.5% |
| 1988 | 9.3% | +8.8% |
| 1989 | 8.2% | -11.6% |
| 1990 | 9.4% | +14.8% |
| 1991 | 13.5% | +43.2% |
| 1992 | 7.3% | -45.9% |
| 1993 | 9.0% | +24.1% |
| 1994 | 6.0% | -34.0% |
| 1995 | 7.1% | +18.5% |
| 1996 | 7.5% | +6.6% |
| 1997 | 6.1% | -19.5% |
| 1998 | 6.7% | +10.3% |
| 1999 | 8.7% | +30.7% |
| 2000 | 9.8% | +12.8% |
| 2001 | 9.7% | -1.8% |
| 2002 | 10.5% | +8.7% |
| 2003 | 10.8% | +3.1% |
| 2004 | 10.7% | -1.4% |
| 2005 | 11.5% | +7.4% |
| 2006 | 12.0% | +5.0% |
| 2007 | 10.8% | -10.5% |
| 2008 | 10.2% | -5.7% |
| 2009 | 10.7% | +5.1% |
| 2010 | 11.4% | +6.9% |
| 2011 | 11.9% | +4.7% |
| 2012 | 10.3% | -13.8% |
| 2013 | 10.5% | +2.1% |
| 2014 | 10.2% | -2.7% |
| 2015 | 10.1% | -1.3% |
| 2016 | 11.1% | +9.8% |
| 2017 | 12.9% | +15.9% |
| 2018 | 15.8% | +22.6% |
| 2019 | 10.5% | -33.3% |
| 2020 | 18.4% | +74.6% |
| 2021 | 17.4% | -5.0% |
| 2022 | 13.6% | -22.2% |
| 2023 | 14.2% | +4.8% |
| 2024 | 11.5% | -18.9% |
| 2025 | 13.5% | +17.0% |
Saint Vincent and the Grenadines compared with similar countries
- Saint Vincent and the Grenadines's 13.5% is above the median for upper middle income countries, which is 6.3%, 2.2× the median. (55 countries reporting)
- Saint Vincent and the Grenadines's 13.5% is above the median for Latin America & Caribbean, which is 10.1%, 1.3× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.1% | 4.3% | 5.9% | 2 |
| 1980s | 6.0% | 4.0% | 9.3% | 10 |
| 1990s | 8.1% | 6.0% | 13.5% | 10 |
| 2000s | 10.7% | 9.7% | 12.0% | 10 |
| 2010s | 11.5% | 10.1% | 15.8% | 10 |
| 2020s | 14.8% | 11.5% | 18.4% | 6 |
Countries ranked near Saint Vincent and the Grenadines
More private sector data for Saint Vincent and the Grenadines
- Merchandise trade 43.5% (2025)
- Food imports 26.0% (2023)
- Manufactures imports 61.3% (2023)
- Merchandise imports 509.00 million current US$ (2025)
- Food exports 72.5% (2023)
- Manufactures exports 26.6% (2023)
- Merchandise exports 37.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 370.28 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0295 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -35.09 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Saint Vincent and the Grenadines?
- Insurance and financial services in Saint Vincent and the Grenadines was 13.5% 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 Vincent and the Grenadines?
- The highest recorded value was 18.4% in 2020.
- What is the lowest insurance and financial services recorded in Saint Vincent and the Grenadines?
- The lowest recorded value was 4.0% in 1981.
- How does Saint Vincent and the Grenadines rank for insurance and financial services?
- Saint Vincent and the Grenadines ranks 26th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Saint Vincent and the Grenadines?
- Over the last ten years it is up 33.6%. The long-run trend across the full record is rising.
- Where does this Saint Vincent and the Grenadines 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.