St. Kitts and Nevis's insurance and financial services (% of service imports, BoP) was 18.38% in 2025, the latest year in the World Bank's World Development Indicators. That is up 8.52 percentage points from 9.86% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 18.38% | 2025 |
| Five years earlier | 17.57% | 2020 |
| Ten years earlier | 9.86% | 2015 |
| Highest | 19.5% | 2021 |
| Lowest | 3.12% | 1982 |
| Average since 2016 | 14.57% | 2016–2025 |
| First recorded | 6.92% | 1980 |
What the numbers say
In 2025, St. Kitts and Nevis' insurance and financial services (% of service imports, BoP) rose 0.32 percentage points on 2024 (from 18.06% to 18.38%).
Across the 30 yearly changes before that (1995 to 2024), the average change was +0.17 percentage points and a typical year strayed about 2.01 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 6.08 percentage points in 2020 and the biggest yearly fall was 3.66 percentage points in 2022. 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 0.95 percentage points a year. A straight line explains 60% 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, St. Kitts and Nevis had the 9th highest value of the 134 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 | |
|---|---|---|
| St. Kitts and Nevis | 18.38% | 2025 |
| World | 9.53% | 2025 |
| Latin America & Caribbean | 8.81% | 2025 |
| High income | 10.54% | 2025 |
Closest to St. Kitts and Nevis in the 2025 ranking
- Iraq — 5th of 134: 21.21%
- Bermuda — 6th of 134: 19.69%
- Tajikistan — 7th of 134: 19.13%
- Congo, Dem. Rep. — 9th of 134: 18.25%
- Trinidad and Tobago — 10th of 134: 18%
- Panama — 11th of 134: 17.51%
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 imports which are services provided by non-residents to residents.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 46 values
| Year | Insurance and financial services (% of service imports, BoP) |
|---|---|
| 2025 | 18.38 |
| 2024 | 18.06 |
| 2023 | 13.73 |
| 2022 | 15.84 |
| 2021 | 19.5 |
| 2020 | 17.57 |
| 2019 | 11.5 |
| 2018 | 10.6 |
| 2017 | 9.76 |
| 2016 | 10.74 |
| 2015 |
Insurance and financial services (% of service imports, BoP) in nearby economies
- Antigua and Barbuda — 10.21% (2025)
- Argentina — 4.16% (2025)
- Aruba — 6.19% (2023)
- Bahamas, The — 11.28% (2024)
- Barbados — 6.27% (2017)
- Belize — 13.97% (2025)
- Bolivia — 9.98% (2025)
- Brazil — 3.16% (2025)
- Chile — 11.7% (2025)
More economic policy & debt data for St. Kitts and Nevis
- GDP (current US$) — US$1.18 billion (2025)
- GDP (current LCU) — 3.2 billion (2025)
- GDP per capita (current US$) — US$25,223 (2025)
- GDP per capita (current LCU) — 68,102 (2025)
- Adjusted savings, education expenditure (% of GNI) — 1.63% (2021)
- Adjusted savings, consumption of fixed capital (current US$) — US$110.97 million (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Agriculture, forestry, and fishing, value added (current US$) — US$15.26 million (2025)
- Agriculture, forestry, and fishing, value added (current LCU)
Reading data like this
Questions people ask
- What is St. Kitts and Nevis's insurance and financial services (% of service imports, BoP)?
- 18.38% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is up 11.46 percentage points from 6.92% in 1980. The highest value was 19.5% in 2021 and the lowest 3.12% in 1982.
- How does St. Kitts and Nevis rank?
- 9th highest of 134 economies with data for 2025.
- Is the latest change in insurance and financial services (% of service imports, BoP) unusual for St. Kitts and Nevis?
- In 2025, St. Kitts and Nevis' insurance and financial services (% of service imports, BoP) rose 0.32 percentage points on 2024 (from 18.06% to 18.38%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.17 percentage points and a typical year strayed about 2.01 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 BM.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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