From 2013 to 2023, the share of insurance and financial services in service imports in Indonesia exhibited significant volatility with a noticeable upward trend from 2020 onwards. In 2023, the share was 9.85 units, reflecting a substantial increase from the previous years. The year-on-year variation for 2022 and 2023 shows a slight decrease (-0.61%), contrasting with the significant growth observed over the last two years before then. The CAGR over the past 5 years is 4.61%, indicating robust average annual growth despite year-to-year fluctuations.

Future trends to watch for:

Continued steady growth with forecasted increases reaching 10.43 units by 2028.
Potential impacts of global economic conditions and local regulatory changes on this sector.
Technological advancements driving efficiency and possibly increasing the share of these services in imports.