Insurance and financial services in Thailand
Thailand: Insurance and financial services was 7.1% 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 7.1% for insurance and financial services in 2025.
That represents a change of up 1.0% on the previous year and up 32.3% over ten years.
Over the whole period, insurance and financial services in Thailand peaked at 7.5% in 2020 and was at its lowest, 4.8%, in 2016.
That places Thailand 81st 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 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 | 7.1% | +1.0% |
Thailand compared with similar countries
- Thailand's 7.1% is above the median for upper middle income countries, which is 6.3%, 1.1× the median. (55 countries reporting)
- Thailand's 7.1% is above the median for East Asia & Pacific, which is 5.2%, 1.4× 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 | 6.9% | 6.1% | 7.5% | 6 |
Countries ranked near Thailand
- 78 Georgia 7.8% compare
- 79 Saint Lucia 7.4% compare
- 80 Zimbabwe 7.3% compare
- 82 Angola 7.0% compare
- 83 Saudi Arabia 6.8% compare
- 84 Mozambique 6.8% compare
More private sector data for Thailand
- Merchandise trade 118.6% (2025)
- Food imports 6.6% (2024)
- Manufactures imports 65.8% (2024)
- Merchandise imports 344.94 billion current US$ (2025)
- Food exports 14.7% (2024)
- Manufactures exports 72.1% (2024)
- Merchandise exports 339.63 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,742 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.5886 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 12.93 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Thailand?
- Insurance and financial services in Thailand was 7.1% 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 7.5% in 2020.
- 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 81st 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 32.3%. 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.