Dominica's insurance and financial services (% of commercial service exports) was 4.88% in 2025, the latest year in the World Bank's World Development Indicators. That is up 3.21 percentage points from 1.68% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 4.88% | 2025 |
| Five years earlier | 6.81% | 2020 |
| Ten years earlier | 1.68% | 2015 |
| Highest | 11.3% | 1990 |
| Lowest | 1.68% | 2015 |
| Average since 2016 | 4.33% | 2016–2025 |
| First recorded | 3.96% | 1986 |
What the numbers say
In 2025, Dominica's insurance and financial services (% of commercial service exports) rose 0.05 percentage points on 2024 (from 4.83% to 4.88%).
Across the 30 yearly changes before that (1995 to 2024), the average change was +0.04 percentage points and a typical year strayed about 1.08 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 4.33 percentage points in 2020 and the biggest yearly fall was 7.65 percentage points in 1991. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 0.34 percentage points a year. A straight line explains 38% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Dominica had the 49th highest value of the 130 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Dominica | 4.88% | 2025 |
| World | 9.15% | 2025 |
| Latin America & Caribbean | 6.8% | 2025 |
| Upper middle income | 3.01% | 2025 |
Closest to Dominica in the 2025 ranking
- Bolivia — 45th of 130: 5.37%
- Sweden — 46th of 130: 5.31%
- St. Kitts and Nevis — 47th of 130: 5.12%
- Australia — 49th of 130: 4.75%
- Saudi Arabia — 50th of 130: 4.58%
- Iceland — 51st of 130: 4.48%
What this measures
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 exports which are commercial services provided by residents to non-residents.
Limitations: Balance of payments statistics, the main source of information on international trade in services, have many weaknesses. Disaggregation of important components may be limited and varies considerably across countries. There are inconsistencies in the methods used to report items. And the recording of major flows as net items is common (for example, insurance transactions are often recorded as premiums less claims). These factors contribute to a downward bias in the value of the service trade reported in the balance of payments. Efforts are being made to improve the coverage, quality, and consistency of these data.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 40 values
| Year | Insurance and financial services (% of commercial service exports) |
|---|---|
| 2025 | 4.88 |
| 2024 | 4.83 |
| 2023 | 4.83 |
| 2022 | 5.14 |
| 2021 | 5.92 |
| 2020 | 6.81 |
| 2019 | 2.49 |
| 2018 | 4.29 |
| 2017 | 2.37 |
| 2016 | 1.72 |
| 2015 |
Insurance and financial services (% of commercial service exports) in nearby economies
More private sector & trade data for Dominica
- Merchandise imports (current US$) — US$259 million (2025)
- Merchandise exports (current US$) — US$24 million (2025)
- Insurance and financial services (% of commercial service imports) — 13.03% (2025)
- Computer, communications and other services (% of commercial service imports) — 57.43% (2025)
- Commercial service imports (current US$) — US$207.93 million (2025)
- Transport services (% of commercial service imports) — 19.19% (2025)
- Travel services (% of commercial service imports) — 10.36% (2025)
- Computer, communications and other services (% of commercial service exports) — 21.89% (2025)
- Commercial service exports (current US$)
Reading data like this
Questions people ask
- What is Dominica's insurance and financial services (% of commercial service exports)?
- 4.88% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1986?
- It is up 0.92 percentage points from 3.96% in 1986. The highest value was 11.3% in 1990 and the lowest 1.68% in 2015.
- How does Dominica rank?
- 49th highest of 130 economies with data for 2025.
- Is the latest change in insurance and financial services (% of commercial service exports) unusual for Dominica?
- In 2025, Dominica's insurance and financial services (% of commercial service exports) rose 0.05 percentage points on 2024 (from 4.83% to 4.88%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.04 percentage points and a typical year strayed about 1.08 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator TX.VAL.INSF.ZS.WT, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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