Insurance and financial services in Upper middle income
Upper middle income: Insurance and financial services was 6.0% in 2025. ▲ Rising
Insurance and financial services in Upper middle income, 1982–2025
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 Upper middle income stood at 6.0%.
Compared with earlier readings it is down 10.2% on the previous year and down 9.0% over ten years.
Over the whole period, insurance and financial services in Upper middle income peaked at 12.9% in 1995 and was at its lowest, 4.2%, in 1990.
That places Upper middle income 33rd out of 47 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Insurance and financial services in Upper middle income, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1982 | 5.5% | — |
| 1983 | 6.3% | +13.7% |
| 1984 | 6.0% | -4.9% |
| 1985 | 4.9% | -18.9% |
| 1986 | 5.4% | +11.3% |
| 1987 | 6.7% | +24.4% |
| 1988 | 6.7% | -0.8% |
| 1989 | 5.9% | -11.9% |
| 1990 | 4.2% | -29.1% |
| 1991 | 5.7% | +36.5% |
| 1992 | 4.6% | -18.8% |
| 1993 | 5.5% | +19.6% |
| 1994 | 9.7% | +74.7% |
| 1995 | 12.9% | +33.6% |
| 1996 | 7.7% | -40.4% |
| 1997 | 9.8% | +27.4% |
| 1998 | 7.2% | -26.8% |
| 1999 | 6.9% | -3.7% |
| 2000 | 7.6% | +9.9% |
| 2001 | 8.1% | +6.3% |
| 2002 | 8.3% | +2.8% |
| 2003 | 9.0% | +8.7% |
| 2004 | 8.7% | -3.8% |
| 2005 | 8.6% | -1.1% |
| 2006 | 9.1% | +5.6% |
| 2007 | 8.8% | -2.5% |
| 2008 | 8.8% | -0.9% |
| 2009 | 9.0% | +2.3% |
| 2010 | 9.2% | +2.8% |
| 2011 | 9.3% | +0.9% |
| 2012 | 9.0% | -2.8% |
| 2013 | 9.0% | -0.4% |
| 2014 | 8.2% | -9.4% |
| 2015 | 6.6% | -19.4% |
| 2016 | 6.5% | -0.6% |
| 2017 | 6.3% | -3.5% |
| 2018 | 6.1% | -2.5% |
| 2019 | 6.5% | +5.8% |
| 2020 | 8.7% | +33.3% |
| 2021 | 8.4% | -3.4% |
| 2022 | 7.5% | -10.2% |
| 2023 | 7.0% | -7.2% |
| 2024 | 6.7% | -4.4% |
| 2025 | 6.0% | -10.2% |
Biggest year-on-year movements
Years where Insurance and financial services in Upper middle income changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +74.7% | 5.5% | 9.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.9% | 4.9% | 6.7% | 8 |
| 1990s | 7.4% | 4.2% | 12.9% | 10 |
| 2000s | 8.6% | 7.6% | 9.1% | 10 |
| 2010s | 7.7% | 6.1% | 9.3% | 10 |
| 2020s | 7.4% | 6.0% | 8.7% | 6 |
Countries ranked near Upper middle income
More private sector data for Upper middle income
- Merchandise trade 42.8% (2025)
- Food imports 8.5% (2024)
- Manufactures imports 59.5% (2024)
- Merchandise imports 6.62 trillion current US$ (2025)
- Food exports 9.5% (2024)
- Manufactures exports 75.8% (2024)
- Merchandise exports 7.67 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,493 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2289 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.45 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Upper middle income?
- Insurance and financial services in Upper middle income was 6.0% 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 Upper middle income?
- The highest recorded value was 12.9% in 1995.
- What is the lowest insurance and financial services recorded in Upper middle income?
- The lowest recorded value was 4.2% in 1990.
- How does Upper middle income rank for insurance and financial services?
- Upper middle income ranks 33rd out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in Upper middle income?
- Over the last ten years it is down 9.0%. The long-run trend across the full record is rising.
- Where does this Upper middle income 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.