Latin America & Caribbean (IDA & IBRD)'s insurance and financial services (% of service exports, BoP) was 5.55% in 2025, the latest year in the World Bank's World Development Indicators. That is up 0.32 percentage points from 5.24% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.55% | 2025 |
| Five years earlier | 6.82% | 2020 |
| Ten years earlier | 5.24% | 2015 |
| Highest | 6.82% | 2020 |
| Lowest | 3.14% | 1994 |
| Average since 2016 | 5.38% | 2016–2025 |
| First recorded | 5.22% | 1979 |
What the numbers say
In 2025, Latin America & Caribbean (IDA & IBRD)'s insurance and financial services (% of service exports, BoP) fell 0 percentage points on 2024 (from 5.56% to 5.55%).
Across the 30 yearly changes before that (1995 to 2024), the average change was +0.08 percentage points and a typical year strayed about 0.99 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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 2.36 percentage points in 1995 and the biggest yearly fall was 1.59 percentage points in 1989. 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 there is no clear straight-line trend: a straight line explains 14% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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.
| Value | Year | |
|---|---|---|
| Latin America & Caribbean (IDA & IBRD) | 5.55% | 2025 |
| World | 11.46% | 2025 |
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 47 values
| Year | Insurance and financial services (% of service exports, BoP) |
|---|---|
| 2025 | 5.55 |
| 2024 | 5.56 |
| 2023 | 5.18 |
| 2022 | 5.23 |
| 2021 | 6.28 |
| 2020 | 6.82 |
| 2019 | 4.79 |
| 2018 | 4.57 |
| 2017 | 5.08 |
| 2016 | 4.71 |
| 2015 |
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 Latin America & Caribbean (IDA & IBRD)
- General government final consumption expenditure (current US$) — US$1.11 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$958.95 billion (2025)
- General government final consumption expenditure (% of GDP) — 15.7% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$4.86 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$) — US$4.11 trillion (2025)
- Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$6,311 (2025)
- Households and NPISHs final consumption expenditure (% of GDP)
Reading data like this
Questions people ask
- What is Latin America & Caribbean (IDA & IBRD)'s insurance and financial services (% of service exports, BoP)?
- 5.55% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1979?
- It is up 0.33 percentage points from 5.22% in 1979. The highest value was 6.82% in 2020 and the lowest 3.14% in 1994.
- Is the latest change in insurance and financial services (% of service exports, BoP) unusual for Latin America & Caribbean (IDA & IBRD)?
- In 2025, Latin America & Caribbean (IDA & IBRD)'s insurance and financial services (% of service exports, BoP) fell 0 percentage points on 2024 (from 5.56% to 5.55%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.08 percentage points and a typical year strayed about 0.99 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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 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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