Middle East, North Africa, Afghanistan & Pakistan (excluding high income)'s insurance and financial services (% of service exports, BoP) was 3.02% in 2023, the latest year in the World Bank's World Development Indicators. That is down 1.23 percentage points from 4.25% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.02% | 2023 |
| Five years earlier | 3.73% | 2018 |
| Ten years earlier | 4.25% | 2013 |
| Highest | 5.95% | 2015 |
| Lowest | 1.27% | 1990 |
| Average since 2014 | 3.91% | 2014–2023 |
| First recorded | 2.59% | 1983 |
What the numbers say
In 2023, Middle East, North Africa, Afghanistan & Pakistan (excluding high income)'s insurance and financial services (% of service exports, BoP) rose 0.6 percentage points on 2022 (from 2.42% to 3.02%).
Across the 21 yearly changes before that (1984 to 2022), the average change was −0.03 percentage points and a typical year strayed about 0.86 percentage points from that (the standard deviation). This year's change was 0.7 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 1.95 percentage points in 2010 and the biggest yearly fall was 1.26 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 2014 to 2023 the straight-line trend is downward, about 0.34 percentage points a year. A straight line explains 66% 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.
| Value | Year | |
|---|---|---|
| Middle East, North Africa, Afghanistan & Pakistan (excluding high income) | 3.02% | 2023 |
| 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 26 values
| Year | Insurance and financial services (% of service exports, BoP) |
|---|---|
| 2023 | 3.02 |
| 2022 | 2.42 |
| 2021 | 3.01 |
| 2020 | 3.12 |
| 2019 | 2.94 |
| 2018 | 3.73 |
| 2017 | 4.66 |
| 2016 | 5.92 |
| 2015 | 5.95 |
| 2014 | 4.28 |
| 2013 |
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 Middle East, North Africa, Afghanistan & Pakistan (excluding high income)
- General government final consumption expenditure (current US$) — US$294.27 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$341.05 billion (2025)
- General government final consumption expenditure (% of GDP) — 13.8% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$1.46 trillion (2025)
- Households and NPISHs final consumption expenditure (% of GDP) — 68.25% (2025)
- Final consumption expenditure (current US$)
Reading data like this
Questions people ask
- What is Middle East, North Africa, Afghanistan & Pakistan (excluding high income)'s insurance and financial services (% of service exports, BoP)?
- 3.02% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1983?
- It is up 0.43 percentage points from 2.59% in 1983. The highest value was 5.95% in 2015 and the lowest 1.27% in 1990.
- Is the latest change in insurance and financial services (% of service exports, BoP) unusual for Middle East, North Africa, Afghanistan & Pakistan (excluding high income)?
- In 2023, Middle East, North Africa, Afghanistan & Pakistan (excluding high income)'s insurance and financial services (% of service exports, BoP) rose 0.6 percentage points on 2022 (from 2.42% to 3.02%). Across the 21 yearly changes before that (1984 to 2022), the average change was −0.03 percentage points and a typical year strayed about 0.86 percentage points from that (the standard deviation). This year's change was 0.7 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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