Insurance and financial services in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Insurance and financial services was 9.8% in 2025. ▲ Rising
Insurance and financial services in United Kingdom of Great Britain and Northern Ireland, 1986–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
In 2025, insurance and financial services in United Kingdom of Great Britain and Northern Ireland stood at 9.8%.
Compared with earlier readings it is up 4.0% on the previous year and up 2.1% over ten years.
Over the whole period, insurance and financial services in United Kingdom of Great Britain and Northern Ireland peaked at 12.0% in 2021 and was at its lowest, 1.5%, in 1986.
That places United Kingdom of Great Britain and Northern Ireland 55th 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 40 years of available data.
Insurance and financial services in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1986 | 1.5% | — |
| 1987 | 2.2% | +50.4% |
| 1988 | 2.3% | +2.5% |
| 1989 | 2.4% | +5.2% |
| 1990 | 2.4% | -0.9% |
| 1991 | 4.1% | +72.9% |
| 1992 | 3.9% | -6.5% |
| 1993 | 3.8% | -1.1% |
| 1994 | 4.3% | +12.3% |
| 1995 | 4.4% | +1.6% |
| 1996 | 5.0% | +13.6% |
| 1997 | 5.3% | +7.1% |
| 1998 | 4.9% | -7.6% |
| 1999 | 5.2% | +6.3% |
| 2000 | 5.4% | +2.5% |
| 2001 | 6.0% | +12.3% |
| 2002 | 7.8% | +29.1% |
| 2003 | 10.1% | +29.7% |
| 2004 | 10.1% | +0.2% |
| 2005 | 9.2% | -8.5% |
| 2006 | 10.5% | +13.9% |
| 2007 | 9.0% | -13.9% |
| 2008 | 8.2% | -9.2% |
| 2009 | 9.3% | +13.3% |
| 2010 | 8.4% | -9.5% |
| 2011 | 9.6% | +13.6% |
| 2012 | 8.2% | -14.4% |
| 2013 | 9.4% | +14.8% |
| 2014 | 9.8% | +4.3% |
| 2015 | 9.6% | -2.3% |
| 2016 | 10.3% | +7.2% |
| 2017 | 10.3% | +0.6% |
| 2018 | 10.6% | +3.0% |
| 2019 | 9.5% | -10.4% |
| 2020 | 10.7% | +11.8% |
| 2021 | 12.0% | +12.6% |
| 2022 | 8.9% | -25.7% |
| 2023 | 9.2% | +3.5% |
| 2024 | 9.4% | +2.0% |
| 2025 | 9.8% | +4.0% |
United Kingdom of Great Britain and Northern Ireland compared with similar countries
- United Kingdom of Great Britain and Northern Ireland's 9.8% is above the median for high income countries, which is 6.4%, 1.5× the median. (72 countries reporting)
- United Kingdom of Great Britain and Northern Ireland's 9.8% is above the median for Europe & Central Asia, which is 5.2%, 1.9× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.1% | 1.5% | 2.4% | 4 |
| 1990s | 4.3% | 2.4% | 5.3% | 10 |
| 2000s | 8.6% | 5.4% | 10.5% | 10 |
| 2010s | 9.6% | 8.2% | 10.6% | 10 |
| 2020s | 10.0% | 8.9% | 12.0% | 6 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
- 52 Sierra Leone 10.1% compare
- 53 Costa Rica 10.1% compare
- 54 Sao Tome and Principe 9.8% compare
- 56 Armenia 9.7% compare
- 57 Samoa 9.6% compare
- 58 Indonesia 9.5% compare
More private sector data for United Kingdom of Great Britain and Northern Ireland
- Merchandise trade 37.6% (2025)
- Food imports 9.8% (2025)
- Manufactures imports 56.7% (2025)
- Merchandise imports 948.64 billion current US$ (2025)
- Food exports 6.7% (2025)
- Manufactures exports 59.3% (2025)
- Merchandise exports 555.83 billion current US$ (2025)
- Merchandise exports (current US$), per capita 7,999 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1389 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.02 % change on previous year (2025)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is insurance and financial services in United Kingdom of Great Britain and Northern Ireland?
- Insurance and financial services in United Kingdom of Great Britain and Northern Ireland was 9.8% 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 United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 12.0% in 2021.
- What is the lowest insurance and financial services recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 1.5% in 1986.
- How does United Kingdom of Great Britain and Northern Ireland rank for insurance and financial services?
- United Kingdom of Great Britain and Northern Ireland ranks 55th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is up 2.1%. The long-run trend across the full record is rising.
- Where does this United Kingdom of Great Britain and Northern Ireland 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.