economic2024

Insurance and financial services share of service imports

Name: Insurance and financial services share of service imports
Creator: World Bank World Development Indicators (IMF Balance of Payments Statistics)
Keywords: trending-statistics-research, insurance, financial services, service imports, balance of payments, gemradar, bm.gsr.insf.zs

Compare insurance and financial services as a share of total service imports across countries in 2024 using IMF balance-of-payments statistics.

Source: World Bank World Development Indicators (IMF Balance of Payments Statistics)•161 countries

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Key Insights

Global Average

8.0% of service imports

Median: 6.6% of service imports

Countries Covered

161

with available data

Highest

Luxembourg

51.0% of service imports

Lowest

Niger

1.0% of service imports

Top 5 Countries

1Luxembourg51.0% of service imports

2Bahrain35.0% of service imports

3Cayman Islands30.2% of service imports

4Macao21.3% of service imports

5Democratic Republic of the Congo21.3% of service imports

By Region

North America14.1% of service imports(4 countries)

Oceania8.3% of service imports(2 countries)

South America8.2% of service imports(7 countries)

Africa8.2% of service imports(9 countries)

Other8.1% of service imports(86 countries)

Key Findings

•Coverage: 161 ISO countries in 2024.
•Published range: 1.00884310665647 to 50.9639559701437 % of service imports.
•X worldwide: GemRadar business-and-finance topic.

Country Rankings

Top 10 Countries

Bottom 10 Countries

Data Analysis

Value Distribution

How countries are distributed across the value range

Low (1.0% of service imports)High (51.0% of service imports)

Regional Comparison

Average values by world region (Global avg: 8.0% of service imports)

North America (4)

Oceania (2)

South America (7)

Africa (9)

Other (86)

Asia (21)

Europe (32)

About This Statistic

Insurance and financial services include insurance exchanged between resident and nonresident enterprises plus financial intermediation and auxiliary services other than those of insurers and pension funds. The indicator divides these imports by total service imports.

As a composition share, it supports comparison across differently sized economies. It does not measure the absolute value of imported financial services.

Methodology

World Bank indicator BM.GSR.INSF.ZS from IMF Balance of Payments Statistics. Eligible insurance and financial service debits are divided by total service-import debits and multiplied by 100. Only non-null 2024 ISO-country observations are retained without imputation.

Full Data

Rank ↑	Country ↕	Value ↕
1	Luxembourg	51.0% of service imports
2	Bahrain	35.0% of service imports
3	Cayman Islands	30.2% of service imports
4	Macao	21.3% of service imports
5	Democratic Republic of the Congo	21.3% of service imports
6	Republic of The Gambia	19.8% of service imports
7	Iraq	19.1% of service imports
8	United States of America	18.9% of service imports
9	Saint Kitts and Nevis	18.1% of service imports
10	Panama	17.9% of service imports
11	Mexico	17.4% of service imports
12	Cyprus	17.3% of service imports
13	Trinidad and Tobago	16.4% of service imports
14	El Salvador	16.3% of service imports
15	Burkina Faso	16.1% of service imports
16	Nicaragua	15.9% of service imports
17	Oman	14.4% of service imports
18	Tajikistan	14.3% of service imports
19	Samoa	14.0% of service imports
20	New Zealand	13.9% of service imports
21	Kenya	13.8% of service imports
22	Ethiopia	13.3% of service imports
23	Japan	13.1% of service imports
24	Ecuador	12.7% of service imports
25	Belize	12.4% of service imports
26	Timor-Leste	12.3% of service imports
27	Hong Kong	11.9% of service imports
28	Dominican Republic	11.8% of service imports
29	Kyrgyzstan	11.7% of service imports
30	Chile	11.5% of service imports
31	Dominica	11.4% of service imports
32	Saint Vincent and the Grenadines	11.4% of service imports
33	Bahamas	11.3% of service imports
34	Jordan	11.3% of service imports
35	Bhutan	11.0% of service imports
36	Philippines	10.8% of service imports
37	Guatemala	10.7% of service imports
38	Italy	10.5% of service imports
39	Burundi	10.5% of service imports
40	Antigua and Barbuda	10.4% of service imports
41	Indonesia	10.2% of service imports
42	Egypt	10.1% of service imports
43	Bolivia	10.1% of service imports
44	France	10.0% of service imports
45	Costa Rica	9.9% of service imports
46	Kuwait	9.9% of service imports
47	Pakistan	9.7% of service imports
48	Ghana	9.7% of service imports
49	Peru	9.6% of service imports
50	Sierra Leone	9.4% of service imports
51	Sao Tome and Principe	9.4% of service imports
52	Canada	9.4% of service imports
53	United Kingdom	9.3% of service imports
54	Cameroon	9.2% of service imports
55	Colombia	9.2% of service imports
56	Liberia	9.1% of service imports
57	Cambodia	9.1% of service imports
58	Grenada	8.9% of service imports
59	Belgium	8.9% of service imports
60	Ireland	8.8% of service imports
61	Türkiye	8.7% of service imports
62	Greece	8.6% of service imports
63	Honduras	8.6% of service imports
64	Nigeria	8.3% of service imports
65	United Arab Emirates	8.1% of service imports
66	Armenia	8.0% of service imports
67	Guinea	7.9% of service imports
68	Germany	7.8% of service imports
69	United Republic of Tanzania	7.8% of service imports
70	Zambia	7.8% of service imports
71	Fiji	7.8% of service imports
72	Saint Lucia	7.5% of service imports
73	Georgia	7.4% of service imports
74	Angola	7.3% of service imports
75	Bulgaria	7.2% of service imports
76	Thailand	7.0% of service imports
77	Zimbabwe	7.0% of service imports
78	Saudi Arabia	6.8% of service imports
79	Kosovo	6.7% of service imports
80	Czech Republic	6.6% of service imports
81	Netherlands	6.6% of service imports
82	Mauritius	6.6% of service imports
83	Mozambique	6.6% of service imports
84	Andorra	6.5% of service imports
85	Singapore	6.4% of service imports
86	South Africa	6.4% of service imports
87	Maldives	6.4% of service imports
88	Bangladesh	6.3% of service imports
89	Paraguay	6.3% of service imports
90	Uruguay	6.3% of service imports
91	Jamaica	6.2% of service imports
92	Malaysia	5.9% of service imports
93	Kazakhstan	5.7% of service imports
94	Mongolia	5.4% of service imports
95	Portugal	5.4% of service imports
96	Poland	5.3% of service imports
97	Croatia	5.2% of service imports
98	Iceland	5.1% of service imports
99	State of Palestine	5.1% of service imports
100	Spain	5.1% of service imports
101	Austria	4.8% of service imports
102	Switzerland	4.7% of service imports
103	Suriname	4.6% of service imports
104	Brazil	4.5% of service imports
105	Nepal	4.4% of service imports
106	Haiti	4.4% of service imports
107	Bosnia and Herzegovina	4.4% of service imports
108	Finland	4.2% of service imports
109	Slovakia	4.2% of service imports
110	Malawi	4.2% of service imports
111	Lithuania	4.1% of service imports
112	South Korea	4.1% of service imports
113	Mali	4.0% of service imports
114	Guinea-Bissau	3.9% of service imports
115	Hungary	3.9% of service imports
116	Cote d'Ivoire	3.9% of service imports
117	Rwanda	3.8% of service imports
118	India	3.8% of service imports
119	Cape Verde	3.7% of service imports
120	Solomon Islands	3.7% of service imports
121	Argentina	3.6% of service imports
122	Norway	3.6% of service imports
123	Slovenia	3.6% of service imports
124	Romania	3.6% of service imports
125	Albania	3.5% of service imports
126	Sri Lanka	3.5% of service imports
127	Qatar	3.5% of service imports
128	Tunisia	3.5% of service imports
129	Uganda	3.4% of service imports
130	Uzbekistan	3.3% of service imports
131	Ukraine	3.2% of service imports
132	People's Republic of China	3.1% of service imports
133	Azerbaijan	3.1% of service imports
134	Seychelles	2.9% of service imports
135	Tonga	2.7% of service imports
136	Algeria	2.7% of service imports
137	Brunei Darussalam	2.6% of service imports
138	Australia	2.6% of service imports
139	Malta	2.6% of service imports
140	Lesotho	2.6% of service imports
141	Djibouti	2.6% of service imports
142	Moldova, Republic of	2.5% of service imports
143	Sweden	2.5% of service imports
144	Estonia	2.5% of service imports
145	Latvia	2.5% of service imports
146	Serbia	2.4% of service imports
147	Papua New Guinea	2.1% of service imports
148	Lao People's Democratic Republic	2.1% of service imports
149	Botswana	2.1% of service imports
150	Nauru	2.0% of service imports
151	Morocco	2.0% of service imports
152	Namibia	1.9% of service imports
153	Montenegro	1.8% of service imports
154	Russian Federation	1.7% of service imports
155	Denmark	1.6% of service imports
156	Israel	1.6% of service imports
157	Kiribati	1.5% of service imports
158	Eswatini	1.4% of service imports
159	Madagascar	1.4% of service imports
160	The Republic of North Macedonia	1.2% of service imports
161	Niger	1.0% of service imports

Showing 161 of 161 countries

Topics

Data Source

This data comes from World Bank World Development Indicators (IMF Balance of Payments Statistics) (2024).

View Original Source