Insurance and financial services (% of commercial service imports) in Palestine
Palestine: Insurance and financial services (% of commercial service imports) was 6.0% in 2025. ▲ Rising
Insurance and financial services in Palestine, 1998–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Palestine recorded 6.0% for insurance and financial services in 2025. That is the highest value across all 28 years on record.
Compared with earlier readings it is up 3.7% on the previous year and up 51.4% over ten years.
Over the whole period, insurance and financial services in Palestine peaked at 6.0% in 2025 and was at its lowest, 1.4%, in 2008.
That places Palestine 105th 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 28 years of available data.
Insurance and financial services (% of commercial service imports) in Palestine, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1998 | 3.0% | — |
| 1999 | 2.9% | -3.2% |
| 2000 | 2.3% | -21.6% |
| 2001 | 2.0% | -12.8% |
| 2002 | 2.6% | +30.3% |
| 2003 | 1.5% | -41.6% |
| 2004 | 2.3% | +53.4% |
| 2005 | 1.7% | -28.9% |
| 2006 | 1.6% | -3.7% |
| 2007 | 1.8% | +15.2% |
| 2008 | 1.4% | -24.6% |
| 2009 | 1.7% | +24.7% |
| 2010 | 2.2% | +27.1% |
| 2011 | 2.0% | -8.9% |
| 2012 | 2.4% | +19.6% |
| 2013 | 2.3% | -4.6% |
| 2014 | 2.8% | +22.0% |
| 2015 | 3.9% | +41.6% |
| 2016 | 3.3% | -16.9% |
| 2017 | 2.9% | -12.5% |
| 2018 | 4.8% | +66.6% |
| 2019 | 2.0% | -58.7% |
| 2020 | 2.3% | +18.0% |
| 2021 | 2.5% | +9.5% |
| 2022 | 2.4% | -5.1% |
| 2023 | 4.1% | +71.5% |
| 2024 | 5.7% | +38.8% |
| 2025 | 6.0% | +3.7% |
Palestine compared with similar countries
- Palestine's 6.0% is above the median for lower middle income countries, which is 6.0%, 1.0× the median. (47 countries reporting)
- Palestine's 6.0% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.7%, 89% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.0% | 2.9% | 3.0% | 2 |
| 2000s | 1.9% | 1.4% | 2.6% | 10 |
| 2010s | 2.8% | 2.0% | 4.8% | 10 |
| 2020s | 3.9% | 2.3% | 6.0% | 6 |
Countries ranked near Palestine
- 103 Czechia 6.1% compare
- 104 Spain 6.0% compare
- 106 South Africa 5.7% compare
- 107 Gabon 5.6% compare
- 108 Kazakhstan 5.6% compare
More private sector data for Palestine
- Food imports 30.9% (2023)
- Manufactures imports 45.9% (2023)
- Commercial service imports 1.23 billion current US$ (2025)
- Food exports 21.4% (2023)
- Manufactures exports 63.3% (2023)
- Commercial service exports 558.70 million current US$ (2025)
- Transport services 47.1% (2025)
- Computer, communications and other services 8.6% (2025)
- Computer, communications and other services 64.7% (2025)
- Commercial service exports (current US$), per capita 103.2 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Palestine?
- Insurance and financial services in Palestine 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 Palestine?
- The highest recorded value was 6.0% in 2025.
- What is the lowest insurance and financial services recorded in Palestine?
- The lowest recorded value was 1.4% in 2008.
- How does Palestine rank for insurance and financial services?
- Palestine ranks 105th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Palestine?
- Over the last ten years it is up 51.4%. The long-run trend across the full record is rising.
- Where does this Palestine 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.