Insurance & Financial Services Trade Statistics in Singapore (2026)
As of 2024, insurance and financial services exports in Singapore was 15% of service exports, per World Bank World Development Indicators data. Down from 15.3% in 2023 to 15% in 2024 (−0.3 percentage points). Singapore ranks #2 of 26 economies in East Asia & Pacific on this measure, and #19 of 176 globally.
Key Statistics
- Latest value (2024)
- 15% (2024)
- Insurance & Financial Services Trade in Singapore as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- −0.3 pp (2024)
- Down from 15.3% in 2023 to 15% in 2024 (−0.3 percentage points).
- Earliest value in this dataset (1990)
- 0.7% (1990)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 0.7% in 1990 to 15% in 2024.
- Peak value (2020)
- 19% (2020)
- Highest value in the available series; the 2024 value is 15%.
- Rank in East Asia & Pacific
- #2 of 26 (2024)
- Singapore ranks 2 of 26 countries in East Asia & Pacific with data, based on each country's latest value.
- Global rank
- #19 of 176 (2024)
- Singapore ranks 19 of 176 countries with data globally.
- East Asia & Pacific average
- 4.1% (2024)
- Singapore (15%) is above the average of 4.1% across the 26 countries in East Asia & Pacific with data.
- Insurance and financial services (% of service imports, BoP) (2024)
- 6.4% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Singapore (2024)
- 94.4% (2024)
- 94.4% of the population in Singapore used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 6 million (2024)
- Singapore had a population of 6 million in 2024 (World Bank); shown for scale only.
Trend, 1990–2024
| Year | % of service exports (BoP) | Change |
|---|---|---|
| 2024 | 15% | −0.3 pp |
| 2023 | 15.3% | +1.1 pp |
| 2022 | 14.2% | −1.9 pp |
| 2021 | 16.1% | −2.9 pp |
| 2020 | 19% | +1.4 pp |
| 2019 | 17.6% | −0.7 pp |
| 2018 | 18.2% | −0.0 pp |
| 2017 | 18.2% | +1.1 pp |
| 2016 | 17.1% | +0.9 pp |
| 2015 | 16.2% | +0.4 pp |
| 2014 | 15.9% | +0.5 pp |
| 2013 | 15.3% | +0.4 pp |
| 2012 | 14.9% | +0.1 pp |
| 2011 | 14.8% | +0.2 pp |
| 2010 | 14.6% | −0.5 pp |
| 2009 | 15.1% | +1.1 pp |
| 2008 | 14% | −1.7 pp |
| 2007 | 15.7% | +2.8 pp |
| 2006 | 12.9% | +1.3 pp |
| 2005 | 11.6% | +0.6 pp |
| 2004 | 11% | −1.4 pp |
| 2003 | 12.3% | +1.3 pp |
| 2002 | 11.1% | +1.1 pp |
| 2001 | 10% | +0.9 pp |
| 2000 | 9.2% | −2.9 pp |
| 1999 | 12.1% | −1.6 pp |
| 1998 | 13.7% | −4.3 pp |
| 1997 | 18% | +2.4 pp |
| 1996 | 15.6% | +0.1 pp |
| 1995 | 15.5% | +14.1 pp |
| 1994 | 1.4% | +0.0 pp |
| 1993 | 1.4% | +0.4 pp |
| 1992 | 1% | +0.2 pp |
| 1991 | 0.8% | +0.1 pp |
| 1990 | 0.7% | — |
Frequently asked questions
What is the latest figure for insurance and financial services exports in Singapore?
Insurance and financial services exports in Singapore stood at 15% of service exports in 2024, according to World Bank World Development Indicators data.
How recent is the insurance & financial services trade data for Singapore?
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 Singapore.
Where does the insurance & financial services trade data for Singapore come from?
The data comes from the World Bank World Development Indicators (indicator BX.GSR.INSF.ZS). The latest observation for Singapore is from 2024; the snapshot was retrieved on 2026-06-10.
How has insurance & financial services trade in Singapore changed over time?
World Bank World Development Indicators data show a rise from 0.7% in 1990 to 15% in 2024.
How does Singapore compare with other countries in East Asia & Pacific?
Singapore ranks 2 of 26 countries in East Asia & Pacific with data, with 15% versus a regional average of 4.1% (latest values per country).
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 .