Insurance and financial services in World
World: Insurance and financial services was 9.4% in 2025. ▲ Rising
Insurance and financial services in World, 1982–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
The most recent figure for insurance and financial services in World is 9.4%, measured in 2025.
The figure is up 2.1% on the previous year and up 12.5% over ten years.
Over the whole period, insurance and financial services in World peaked at 10.9% in 2020 and was at its lowest, 4.6%, in 1982.
That places World 12th out of 47 groups with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 44 years of available data.
Insurance and financial services in World, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1982 | 4.6% | — |
| 1983 | 4.8% | +3.0% |
| 1984 | 4.8% | +1.1% |
| 1985 | 4.8% | +0.1% |
| 1986 | 5.1% | +5.1% |
| 1987 | 5.6% | +10.5% |
| 1988 | 5.4% | -3.0% |
| 1989 | 4.9% | -9.8% |
| 1990 | 4.7% | -4.2% |
| 1991 | 5.8% | +23.2% |
| 1992 | 5.9% | +2.8% |
| 1993 | 6.0% | +1.6% |
| 1994 | 6.5% | +7.0% |
| 1995 | 7.6% | +17.0% |
| 1996 | 6.0% | -20.6% |
| 1997 | 6.6% | +10.7% |
| 1998 | 6.0% | -10.3% |
| 1999 | 6.6% | +10.3% |
| 2000 | 6.9% | +5.5% |
| 2001 | 7.6% | +9.6% |
| 2002 | 8.1% | +7.2% |
| 2003 | 8.3% | +2.1% |
| 2004 | 8.5% | +1.7% |
| 2005 | 8.3% | -1.7% |
| 2006 | 9.2% | +11.1% |
| 2007 | 9.5% | +2.3% |
| 2008 | 9.4% | -0.6% |
| 2009 | 9.9% | +5.7% |
| 2010 | 9.9% | -0.4% |
| 2011 | 9.7% | -2.1% |
| 2012 | 9.3% | -4.1% |
| 2013 | 9.2% | -0.5% |
| 2014 | 8.9% | -3.7% |
| 2015 | 8.4% | -6.0% |
| 2016 | 8.5% | +1.7% |
| 2017 | 8.3% | -2.0% |
| 2018 | 8.0% | -3.9% |
| 2019 | 8.1% | +1.3% |
| 2020 | 10.9% | +33.7% |
| 2021 | 10.5% | -3.7% |
| 2022 | 9.0% | -13.6% |
| 2023 | 9.0% | +0.1% |
| 2024 | 9.2% | +2.0% |
| 2025 | 9.4% | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.0% | 4.6% | 5.6% | 8 |
| 1990s | 6.2% | 4.7% | 7.6% | 10 |
| 2000s | 8.6% | 6.9% | 9.9% | 10 |
| 2010s | 8.8% | 8.0% | 9.9% | 10 |
| 2020s | 9.7% | 9.0% | 10.9% | 6 |
Countries ranked near World
- 9 Tajikistan 19.5% compare
- 10 Iraq 19.4% compare
- 11 Saint Kitts and Nevis 18.5% compare
- 12 Trinidad and Tobago 18.2% compare
- 13 Panama 17.8% compare
- 14 Bermuda 17.6% compare
- 15 Cyprus 17.1% compare
More private sector data for World
- Merchandise trade 43.9% (2025)
- Food imports 8.9% (2024)
- Manufactures imports 67.4% (2024)
- Merchandise imports 26.69 trillion current US$ (2025)
- Food exports 9.1% (2024)
- Manufactures exports 69.3% (2024)
- Merchandise exports 26.39 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 3,212 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.223 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.17 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in World?
- Insurance and financial services in World was 9.4% 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 World?
- The highest recorded value was 10.9% in 2020.
- What is the lowest insurance and financial services recorded in World?
- The lowest recorded value was 4.6% in 1982.
- How does World rank for insurance and financial services?
- World ranks 12th out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in World?
- Over the last ten years it is up 12.5%. The long-run trend across the full record is rising.
- Where does this World 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.