Insurance and financial services (% of commercial service imports) in United Kingdom
United Kingdom: Insurance and financial services (% of commercial service imports) was 9.8% in 2025. ▲ Rising
Insurance and financial services in United Kingdom, 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 stood at 9.8%.
Compared with earlier readings it is up 3.4% on the previous year and up 1.9% over ten years.
Over the whole period, insurance and financial services in United Kingdom peaked at 12.0% in 2021 and was at its lowest, 1.5%, in 1986.
That places United Kingdom 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 (% of commercial service imports) in United Kingdom, 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% | +2.4% |
| 2025 | 9.8% | +3.4% |
United Kingdom compared with similar countries
- United Kingdom's 9.8% is above the median for high income countries, which is 6.4%, 1.5× the median. (72 countries reporting)
- United Kingdom'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
More private sector data for United Kingdom
- Merchandise trade 37.6% (2025)
- Food imports 9.8% (2025)
- Manufactures imports 56.7% (2025)
- Merchandise imports 948.64 billion current US$ (2025)
- Commercial service imports 448.00 billion current US$ (2025)
- Food exports 6.7% (2025)
- Manufactures exports 59.7% (2025)
- Merchandise exports 555.83 billion current US$ (2025)
- Commercial service exports 714.60 billion current US$ (2025)
- Merchandise exports (current US$), per capita 7,999 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in United Kingdom?
- Insurance and financial services in United Kingdom 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?
- The highest recorded value was 12.0% in 2021.
- What is the lowest insurance and financial services recorded in United Kingdom?
- The lowest recorded value was 1.5% in 1986.
- How does United Kingdom rank for insurance and financial services?
- United Kingdom ranks 55th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in United Kingdom?
- Over the last ten years it is up 1.9%. The long-run trend across the full record is rising.
- Where does this United Kingdom 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.