Of the economies in the World Bank's latest release, Libya has the highest insurance and financial services (% of service exports, BoP) (94.11% in 2023) and Angola the lowest (0.0077% in 2025). The world figure is 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.
Each country's latest available year is shown; countries report on different schedules, so compare years before comparing values.
Ranking
| # | Economy | Latest value | Year |
|---|---|---|---|
| 1 | Libya | 94.11% | 2023 |
| 2 | Luxembourg | 56.02% | 2025 |
| 3 | Sierra Leone | 32.73% | 2024 |
| 4 | Liberia | 30.27% | 2024 |
| 5 | Bahrain | 29.02% | 2025 |
| 6 | Hong Kong SAR, China | 28.76% | 2025 |
| 7 | Bermuda | 27.06% | 2025 |
| 8 | United Kingdom | 25.07% | 2025 |
| 9 | Nigeria | 22.8% | 2025 |
| 10 | Switzerland | 20.92% | 2025 |
| 11 | Guinea-Bissau | 20.68% | 2024 |
| 12 | United States | 20.05% | 2025 |
| 13 | Cyprus | 19.64% | 2025 |
| 14 | Sudan | 19.47% | 2025 |
| 15 | Haiti | 19.08% | 2024 |
| 16 | Burkina Faso | 15.36% | 2024 |
| 17 | Singapore | 15.22% | 2025 |
| 18 | Ghana | 14.08% | 2025 |
| 19 | Germany | 14% | 2025 |
| 20 | Guinea | 13.93% | 2024 |
| 21 | Trinidad and Tobago | 12.68% | 2025 |
| 22 | Armenia | 11.42% | 2025 |
| 23 | Benin | 11.18% | 2023 |
| 24 | France | 11.16% | 2025 |
| 25 | Kiribati | 10.95% | 2025 |
| 26 | Algeria | 10.86% | 2025 |
| 27 | Guyana | 10.37% | 2023 |
| 28 | Tajikistan | 10.21% | 2025 |
| 29 | Mexico | 10.05% | 2025 |
| 30 | Kenya | 10.04% | 2025 |
| 31 | Panama | 9.82% | 2025 |
| 32 | South Sudan | 9.77% | 2023 |
| 33 | Canada | 9.7% | 2025 |
| 34 | South Africa | 9.67% | 2025 |
| 35 | Mali | 9.54% | 2024 |
| 36 | Ireland | 9.53% | 2025 |
| 37 | Lebanon | 9.42% | 2023 |
| 38 | Niger | 9.27% | 2024 |
| 39 | Kuwait | 9.26% | 2025 |
| 40 | Kazakhstan | 8.71% | 2025 |
| 41 | Belgium | 8.7% | 2025 |
| 42 | Italy | 8.5% | 2025 |
| 43 | Bhutan | 8.32% | 2024 |
| 44 | Burundi | 8.15% | 2025 |
| 45 | Lithuania | 7.77% | 2025 |
| 46 | Norway | 7.47% | 2025 |
| 47 | Japan | 7.37% | 2025 |
| 48 | Malta | 6.7% | 2024 |
| 49 | Togo | 6.38% | 2020 |
| 50 | Slovenia | 6.36% | 2025 |
| 51 | Macao SAR, China | 6.29% | 2025 |
| 52 | Bulgaria | 6.29% | 2025 |
| 53 | Netherlands | 6.12% | 2025 |
| 54 | Qatar | 6.07% | 2025 |
| 55 | Kyrgyz Republic | 6.02% | 2024 |
| 56 | Chile | 5.98% | 2025 |
| 57 | Uruguay | 5.93% | 2025 |
| 58 | Antigua and Barbuda | 5.85% | 2025 |
| 59 | Mauritius | 5.61% | 2024 |
| 60 | Brazil | 5.61% | 2025 |
| 61 | Russian Federation | 5.51% | 2025 |
| 62 | Eswatini | 5.51% | 2025 |
| 63 | Bolivia | 5.37% | 2025 |
| 64 | Sweden | 5.29% | 2025 |
| 65 | Dominica | 4.8% | 2025 |
| 66 | St. Kitts and Nevis | 4.77% | 2025 |
| 67 | Australia | 4.71% | 2025 |
| 68 | Iceland | 4.46% | 2025 |
| 69 | Saudi Arabia | 4.42% | 2025 |
| 70 | Senegal | 4.41% | 2023 |
| 71 | Guatemala | 4.35% | 2025 |
| 72 | Korea, Rep. | 4.21% | 2025 |
| 73 | Austria | 4.03% | 2025 |
| 74 | Spain | 3.95% | 2025 |
| 75 | Indonesia | 3.94% | 2025 |
| 76 | Namibia | 3.94% | 2024 |
| 77 | Cameroon | 3.8% | 2024 |
| 78 | Georgia | 3.54% | 2025 |
| 79 | Slovak Republic | 3.52% | 2025 |
| 80 | Suriname | 3.51% | 2025 |
| 81 | Samoa | 3.47% | 2025 |
| 82 | Czechia | 3.42% | 2025 |
| 83 | Greece | 3.38% | 2025 |
| 84 | Rwanda | 3.25% | 2024 |
| 85 | Côte d'Ivoire | 3.11% | 2024 |
| 86 | Türkiye | 3.11% | 2025 |
| 87 | Egypt, Arab Rep. | 3.01% | 2025 |
| 88 | Uganda | 3.01% | 2025 |
| 89 | Azerbaijan | 2.96% | 2025 |
| 90 | Ecuador | 2.92% | 2025 |
| 91 | Argentina | 2.89% | 2025 |
| 92 | Zambia | 2.88% | 2025 |
| 93 | India | 2.75% | 2025 |
| 94 | Dominican Republic | 2.73% | 2025 |
| 95 | St. Vincent and the Grenadines | 2.71% | 2025 |
| 96 | El Salvador | 2.59% | 2025 |
| 97 | Uzbekistan | 2.43% | 2025 |
| 98 | Venezuela, RB | 2.37% | 2025 |
| 99 | Bangladesh | 2.34% | 2025 |
| 100 | Ukraine | 2.34% | 2025 |
| 101 | Poland | 2.25% | 2025 |
| 102 | Hungary | 2.24% | 2025 |
| 103 | Malaysia | 2.18% | 2025 |
| 104 | Mongolia | 2.17% | 2025 |
| 105 | Mozambique | 2.14% | 2025 |
| 106 | Latvia | 2.12% | 2025 |
| 107 | Denmark | 2.07% | 2025 |
| 108 | Grenada | 1.97% | 2025 |
| 109 | Estonia | 1.92% | 2025 |
| 110 | Brunei Darussalam | 1.91% | 2025 |
| 111 | Tuvalu | 1.87% | 2023 |
| 112 | Peru | 1.86% | 2025 |
| 113 | Pakistan | 1.85% | 2025 |
| 114 | Belize | 1.79% | 2025 |
| 115 | Thailand | 1.76% | 2025 |
| 116 | Romania | 1.71% | 2025 |
| 117 | Malawi | 1.64% | 2025 |
| 118 | Oman | 1.6% | 2025 |
| 119 | Portugal | 1.51% | 2025 |
| 120 | Finland | 1.49% | 2025 |
| 121 | China | 1.46% | 2025 |
| 122 | Curaçao | 1.44% | 2023 |
| 123 | Comoros | 1.36% | 2023 |
| 124 | Costa Rica | 1.36% | 2025 |
| 125 | Vanuatu | 1.35% | 2022 |
| 126 | Aruba | 1.34% | 2023 |
| 127 | Congo, Rep. | 1.31% | 2021 |
| 128 | Jordan | 1.28% | 2024 |
| 129 | Timor-Leste | 1.25% | 2025 |
| 130 | Barbados | 1.23% | 2017 |
| 131 | Croatia | 1.21% | 2025 |
| 132 | Gabon | 1.14% | 2015 |
| 133 | Tunisia | 1.1% | 2025 |
| 134 | Montenegro | 1.09% | 2025 |
| 135 | Colombia | 1.08% | 2025 |
| 136 | Philippines | 1.08% | 2025 |
| 137 | Nepal | 1.05% | 2025 |
| 138 | Belarus | 0.97% | 2021 |
| 139 | Sri Lanka | 0.96% | 2025 |
| 140 | Tanzania | 0.93% | 2024 |
| 141 | French Polynesia | 0.88% | 2016 |
| 142 | Solomon Islands | 0.86% | 2024 |
| 143 | Nicaragua | 0.85% | 2024 |
| 144 | Morocco | 0.75% | 2025 |
| 145 | Honduras | 0.73% | 2025 |
| 146 | Serbia | 0.62% | 2025 |
| 147 | Madagascar | 0.59% | 2025 |
| 148 | Kosovo | 0.57% | 2025 |
| 149 | São Tomé and Principe | 0.54% | 2025 |
| 150 | Paraguay | 0.48% | 2025 |
| 151 | St. Lucia | 0.47% | 2025 |
| 152 | New Caledonia | 0.45% | 2016 |
| 153 | Congo, Dem. Rep. | 0.41% | 2025 |
| 154 | Afghanistan | 0.37% | 2020 |
| 155 | Jamaica | 0.35% | 2025 |
| 156 | Albania | 0.35% | 2025 |
| 157 | Cabo Verde | 0.34% | 2025 |
| 158 | Palau | 0.33% | 2023 |
| 159 | Cambodia | 0.33% | 2025 |
| 160 | Botswana | 0.32% | 2025 |
| 161 | Fiji | 0.31% | 2024 |
| 162 | New Zealand | 0.23% | 2025 |
| 163 | Bosnia and Herzegovina | 0.23% | 2025 |
| 164 | Moldova | 0.21% | 2025 |
| 165 | Myanmar | 0.16% | 2019 |
| 166 | Iraq | 0.14% | 2025 |
| 167 | North Macedonia | 0.14% | 2025 |
| 168 | Lao PDR | 0.12% | 2025 |
| 169 | Lesotho | 0.12% | 2025 |
| 170 | Tonga | 0.09% | 2017 |
| 171 | Papua New Guinea | 0.07% | 2024 |
| 172 | Gambia, The | 0.07% | 2025 |
| 173 | Ethiopia | 0.06% | 2024 |
| 174 | Israel | 0.06% | 2025 |
| 175 | Sint Maarten (Dutch part) | 0.05% | 2023 |
| 176 | West Bank and Gaza | 0.01% | 2022 |
| 177 | Mauritania | 0.00814% | 2023 |
| 178 | Angola | 0.0077% | 2025 |
Regions and income groups
More economic policy & debt indicators
- Trade in services (% of GDP)
- Communications, computer, etc. (% of service imports, BoP)
- Primary income payments (BoP, current US$)
- Imports of goods and services (current US$, BoP)
- Insurance and financial services (% of service imports, BoP)
- Goods imports (current US$, BoP)
- Service imports (current US$, BoP)
- Charges for the use of intellectual property, payments (BoP, current US$)
- Imports of goods, services and primary income (current US$, BoP)
- Transport services (% of service imports, BoP)
- Travel services (% of service imports, BoP)
- Foreign direct investment, net outflows (BoP, current US$)
Reading data like this
Source
World Bank, World Development Indicators, BX.GSR.INSF.ZS, CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) View on data.worldbank.org; the full definition is in the World Bank's metadata glossary.
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