Insurance & Financial Services Trade Statistics in Saudi Arabia (2026)
According to World Bank World Development Indicators data, insurance and financial services exports in Saudi Arabia came to 4.1% of service exports in 2024. Up from 3.9% in 2023 to 4.1% in 2024 (+0.2 percentage points). Saudi Arabia ranks #8 of 19 economies in Middle East, North Africa, Afghanistan & Pakistan on this measure, and #72 of 176 globally.
Key Statistics
- Latest value (2024)
- 4.1% (2024)
- Insurance & Financial Services Trade in Saudi Arabia as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +0.2 pp (2024)
- Up from 3.9% in 2023 to 4.1% in 2024 (+0.2 percentage points).
- Earliest value in this dataset (2006)
- 3.9% (2006)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 3.9% in 2006 to 4.1% in 2024.
- Peak value (2021)
- 13.1% (2021)
- Highest value in the available series; the 2024 value is 4.1%.
- Rank in Middle East, North Africa, Afghanistan & Pakistan
- #8 of 19 (2024)
- Saudi Arabia ranks 8 of 19 countries in Middle East, North Africa, Afghanistan & Pakistan with data, based on each country's latest value.
- Global rank
- #72 of 176 (2024)
- Saudi Arabia ranks 72 of 176 countries with data globally.
- Middle East, North Africa, Afghanistan & Pakistan average
- 9.9% (2024)
- Saudi Arabia (4.1%) is below the average of 9.9% across the 19 countries in Middle East, North Africa, Afghanistan & Pakistan with data.
- Insurance and financial services (% of service imports, BoP) (2024)
- 6.8% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Saudi Arabia (2024)
- 100% (2024)
- 100% of the population in Saudi Arabia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 35.3 million (2024)
- Saudi Arabia had a population of 35.3 million in 2024 (World Bank); shown for scale only.
Trend, 2006–2024
| Year | % of service exports (BoP) | Change |
|---|---|---|
| 2024 | 4.1% | +0.2 pp |
| 2023 | 3.9% | +0.4 pp |
| 2022 | 3.5% | −9.6 pp |
| 2021 | 13.1% | +4.9 pp |
| 2020 | 8.2% | +5.6 pp |
| 2019 | 2.6% | +0.7 pp |
| 2018 | 1.9% | −2.3 pp |
| 2017 | 4.2% | −0.6 pp |
| 2016 | 4.8% | −1.1 pp |
| 2015 | 5.9% | +0.7 pp |
| 2014 | 5.3% | −2.4 pp |
| 2013 | 7.7% | +0.6 pp |
| 2012 | 7.1% | +1.6 pp |
| 2011 | 5.5% | −1.6 pp |
| 2010 | 7.1% | +0.0 pp |
| 2009 | 7% | −0.0 pp |
| 2008 | 7.1% | +3.5 pp |
| 2007 | 3.6% | −0.3 pp |
| 2006 | 3.9% | — |
Frequently asked questions
What is the latest figure for insurance and financial services exports in Saudi Arabia?
Insurance and financial services exports in Saudi Arabia stood at 4.1% of service exports in 2024, according to World Bank World Development Indicators data.
When did insurance & financial services trade in Saudi Arabia peak?
The highest value in the available series was 13.1% in 2021; the latest (2024) value is 4.1%.
How recent is the insurance & financial services trade data for Saudi Arabia?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for Saudi Arabia.
Where does the insurance & financial services trade data for Saudi Arabia come from?
The data comes from the World Bank World Development Indicators (indicator BX.GSR.INSF.ZS). The latest observation for Saudi Arabia is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: World Bank, World Development Indicators, indicator
BX.GSR.INSF.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .