Insurance and financial services (% of commercial service imports) in Thailand
Thailand: Insurance and financial services (% of commercial service imports) was 7.6% in 2025. ▲ Rising
Insurance and financial services in Thailand, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Thailand recorded 7.6% for insurance and financial services in 2025. That is the highest value across all 51 years on record.
That represents a change of up 7.9% on the previous year and up 41.4% over ten years.
Over the whole period, insurance and financial services in Thailand peaked at 7.6% in 2025 and was at its lowest, 4.8%, in 2016.
That places Thailand 79th out of 197 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 51 years of available data.
Insurance and financial services (% of commercial service imports) in Thailand, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1975 | 5.3% | — |
| 1976 | 5.0% | -5.9% |
| 1977 | 5.9% | +17.1% |
| 1978 | 5.8% | -1.6% |
| 1979 | 5.9% | +2.7% |
| 1980 | 6.1% | +2.2% |
| 1981 | 6.0% | -0.2% |
| 1982 | 5.7% | -5.9% |
| 1983 | 5.9% | +3.1% |
| 1984 | 5.8% | -1.1% |
| 1985 | 5.6% | -4.0% |
| 1986 | 5.4% | -2.5% |
| 1987 | 6.0% | +9.8% |
| 1988 | 5.9% | -0.6% |
| 1989 | 5.9% | -0.1% |
| 1990 | 5.5% | -7.7% |
| 1991 | 5.0% | -9.2% |
| 1992 | 5.5% | +11.9% |
| 1993 | 5.0% | -10.0% |
| 1994 | 5.0% | -0.5% |
| 1995 | 5.2% | +3.9% |
| 1996 | 5.0% | -3.7% |
| 1997 | 5.2% | +4.6% |
| 1998 | 5.0% | -4.2% |
| 1999 | 4.9% | -2.5% |
| 2000 | 5.2% | +7.5% |
| 2001 | 5.6% | +6.3% |
| 2002 | 5.9% | +5.7% |
| 2003 | 6.3% | +6.5% |
| 2004 | 5.6% | -9.9% |
| 2005 | 5.9% | +5.4% |
| 2006 | 5.6% | -5.1% |
| 2007 | 4.9% | -13.3% |
| 2008 | 4.9% | -0.0% |
| 2009 | 5.3% | +9.0% |
| 2010 | 5.3% | -1.0% |
| 2011 | 5.4% | +3.1% |
| 2012 | 6.3% | +15.8% |
| 2013 | 6.0% | -4.5% |
| 2014 | 5.6% | -6.5% |
| 2015 | 5.4% | -4.6% |
| 2016 | 4.8% | -9.8% |
| 2017 | 6.0% | +24.9% |
| 2018 | 6.1% | +1.1% |
| 2019 | 6.3% | +3.1% |
| 2020 | 7.5% | +19.2% |
| 2021 | 6.1% | -18.7% |
| 2022 | 6.2% | +1.4% |
| 2023 | 7.4% | +19.0% |
| 2024 | 7.0% | -4.7% |
| 2025 | 7.6% | +7.9% |
Thailand compared with similar countries
- Thailand's 7.6% is above the median for upper middle income countries, which is 6.4%, 1.2× the median. (55 countries reporting)
- Thailand's 7.6% is above the median for East Asia & Pacific, which is 5.2%, 1.5× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.6% | 5.0% | 5.9% | 5 |
| 1980s | 5.8% | 5.4% | 6.1% | 10 |
| 1990s | 5.1% | 4.9% | 5.5% | 10 |
| 2000s | 5.5% | 4.9% | 6.3% | 10 |
| 2010s | 5.7% | 4.8% | 6.3% | 10 |
| 2020s | 7.0% | 6.1% | 7.6% | 6 |
Countries ranked near Thailand
More private sector data for Thailand
- Merchandise trade 118.6% (2025)
- Food imports 6.1% (2025)
- Manufactures imports 69.3% (2025)
- Merchandise imports 344.94 billion current US$ (2025)
- Commercial service imports 77.15 billion current US$ (2025)
- Food exports 13.3% (2025)
- Manufactures exports 73.1% (2025)
- Merchandise exports 339.63 billion current US$ (2025)
- Commercial service exports 75.46 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,742 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Thailand?
- Insurance and financial services in Thailand was 7.6% 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 Thailand?
- The highest recorded value was 7.6% in 2025.
- What is the lowest insurance and financial services recorded in Thailand?
- The lowest recorded value was 4.8% in 2016.
- How does Thailand rank for insurance and financial services?
- Thailand ranks 79th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Thailand?
- Over the last ten years it is up 41.4%. The long-run trend across the full record is rising.
- Where does this Thailand 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.