Malta's insurance and financial services (% of service exports, BoP) was 6.7% in 2024, the latest year in the World Bank's World Development Indicators. That is down 23.4 percentage points from 30.1% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 6.7% | 2024 |
| Five years earlier | 3.22% | 2019 |
| Ten years earlier | 30.1% | 2014 |
| Highest | 44.98% | 2011 |
| Lowest | 1.85% | 1995 |
| Average since 2015 | 8.41% | 2015–2024 |
| First recorded | 5.23% | 1971 |
What the numbers say
In 2024, Malta's insurance and financial services (% of service exports, BoP) rose 1.43 percentage points on 2023 (from 5.27% to 6.7%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.07 percentage points and a typical year strayed about 9.47 percentage points from that (the standard deviation). This year's change was 0.1 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 42.7 percentage points in 2004 and the biggest yearly fall was 21.59 percentage points in 2017. 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 downward, about 1.7 percentage points a year. A straight line explains 35% 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 2024, Malta had the 11th highest value of the 23 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 | |
|---|---|---|
| Malta | 6.7% | 2024 |
| World | 11.46% | 2025 |
| High income | 13.33% | 2025 |
Closest to Malta in the 2024 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 54 values
| Year | Insurance and financial services (% of service exports, BoP) |
|---|---|
| 2024 | 6.7 |
| 2023 | 5.27 |
| 2022 | 6.02 |
| 2021 | 3.86 |
| 2020 | 3.67 |
| 2019 | 3.22 |
| 2018 | 3.1 |
| 2017 | 2.84 |
| 2016 | 24.43 |
| 2015 | 24.94 |
| 2014 |
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 Malta
- Total reserves, including gold (current US$) — US$1.54 billion (2025)
- Total reserves, excluding gold (current US$) — US$1.49 billion (2025)
- Other manufacturing (% of value added in manufacturing) — 46.54% (2023)
- Textiles and clothing (% of value added in manufacturing) — 1.23% (2023)
- Chemicals (% of value added in manufacturing) — 6.47% (2023)
- Machinery and transport equipment (% of value added in manufacturing) — 30.86% (2023)
- Foreign direct investment, net inflows (BoP, current US$) — US$14.36 billion (2025)
- Foreign direct investment, net inflows (% of GDP) — 51.71% (2025)
- General government final consumption expenditure (current US$)
Reading data like this
Questions people ask
- What is Malta's insurance and financial services (% of service exports, BoP)?
- 6.7% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1971?
- It is up 1.48 percentage points from 5.23% in 1971. The highest value was 44.98% in 2011 and the lowest 1.85% in 1995.
- How does Malta rank?
- 11th highest of 23 economies with data for 2024.
- Is the latest change in insurance and financial services (% of service exports, BoP) unusual for Malta?
- In 2024, Malta's insurance and financial services (% of service exports, BoP) rose 1.43 percentage points on 2023 (from 5.27% to 6.7%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.07 percentage points and a typical year strayed about 9.47 percentage points from that (the standard deviation). This year's change was 0.1 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 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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