IDA only: Insurance and financial services (% of service exports, BoP)

Key figures

What the numbers say

In 2024, IDA only's insurance and financial services (% of service exports, BoP) rose 0.26 percentage points on 2023 (from 4.17% to 4.43%).

Across the 23 yearly changes before that (1984 to 2023), the average change was −0.11 percentage points and a typical year strayed about 1.29 percentage points from that (the standard deviation). This year's change was 0.3 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 2.62 percentage points in 2020 and the biggest yearly fall was 4.8 percentage points in 2002. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 0.33 percentage points a year. A straight line explains 59% 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

See how every economy compares in the full ranking.

What this measures

Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 28 values

Insurance and financial services (% of service exports, BoP) in nearby economies

• Afghanistan — 0.37% (2020)
• Algeria — 10.86% (2025)
• Bahrain — 29.02% (2025)
• Egypt, Arab Rep. — 3.01% (2025)
• Iraq — 0.14% (2025)
• Israel — 0.06% (2025)
• Jordan — 1.28% (2024)
• Kuwait — 9.26% (2025)
• Lebanon — 9.42% (2023)

More economic policy & debt data for IDA only

• GDP (current US$) — US$1.93 trillion (2025)
• GDP per capita (current US$) — US$1,484 (2025)
• GDP (constant 2015 US$) — US$1.56 trillion (2025)
• GDP per capita (constant 2015 US$) — US$1,204 (2025)
• GDP (annual % growth) — 4.87% (2025)
• GDP per capita (annual % growth) — 2.58% (2025)
• Foreign direct investment, net inflows (BoP, current US$) — US$59.95 billion (2025)
• Portfolio equity, net inflows (BoP, current US$) — −US$247.35 million (2025)
• Foreign direct investment, net outflows (BoP, current US$) — US$1.85 billion (2025)
• Personal remittances, paid (current US$)

Reading data like this

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Questions people ask

What is IDA only's insurance and financial services (% of service exports, BoP)?

4.43% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1983?

It is up 2.42 percentage points from 2.01% in 1983. The highest value was 6.72% in 2001 and the lowest 1.61% in 2004.

Is the latest change in insurance and financial services (% of service exports, BoP) unusual for IDA only?

In 2024, IDA only's insurance and financial services (% of service exports, BoP) rose 0.26 percentage points on 2023 (from 4.17% to 4.43%). Across the 23 yearly changes before that (1984 to 2023), the average change was −0.11 percentage points and a typical year strayed about 1.29 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator BX.GSR.INSF.ZS, 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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