Insurance and financial services in Russia
Russia: Insurance and financial services was 5.5% in 2025. ▲ Rising
Insurance and financial services in Russia, 1994–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2025, insurance and financial services in Russia stood at 5.5%.
The figure is down 4.0% on the previous year and up 55.5% over ten years.
Over the whole period, insurance and financial services in Russia peaked at 5.7% in 2024 and was at its lowest, 0.6%, in 1996.
Russia ranks 64th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Insurance and financial services in Russia, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1994 | 1.1% | — |
| 1995 | 0.6% | -41.1% |
| 1996 | 0.6% | -1.1% |
| 1997 | 1.0% | +58.9% |
| 1998 | 0.8% | -15.8% |
| 1999 | 1.1% | +30.3% |
| 2000 | 1.2% | +7.4% |
| 2001 | 1.6% | +32.8% |
| 2002 | 1.7% | +6.5% |
| 2003 | 1.8% | +4.7% |
| 2004 | 2.2% | +26.6% |
| 2005 | 2.5% | +11.0% |
| 2006 | 2.7% | +9.3% |
| 2007 | 3.5% | +31.0% |
| 2008 | 3.1% | -11.9% |
| 2009 | 3.1% | -1.7% |
| 2010 | 3.0% | -1.7% |
| 2011 | 2.5% | -17.9% |
| 2012 | 2.8% | +13.2% |
| 2013 | 3.2% | +13.2% |
| 2014 | 3.0% | -4.5% |
| 2015 | 3.5% | +16.3% |
| 2016 | 3.1% | -12.9% |
| 2017 | 2.5% | -19.8% |
| 2018 | 2.8% | +15.6% |
| 2019 | 2.4% | -16.4% |
| 2020 | 3.3% | +39.2% |
| 2021 | 3.6% | +8.1% |
| 2022 | 3.4% | -5.0% |
| 2023 | 3.5% | +1.5% |
| 2024 | 5.7% | +65.5% |
| 2025 | 5.5% | -4.0% |
Russia compared with similar countries
- Russia's 5.5% is above the median for high income countries, which is 5.3%, 1.0× the median. (69 countries reporting)
- Russia's 5.5% is above the median for Europe & Central Asia, which is 3.5%, 1.5× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.9% | 0.6% | 1.1% | 6 |
| 2000s | 2.3% | 1.2% | 3.5% | 10 |
| 2010s | 2.9% | 2.4% | 3.5% | 10 |
| 2020s | 4.2% | 3.3% | 5.7% | 6 |
Countries ranked near Russia
More economy & growth data for Russia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.54 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.25 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 10.58 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 73.7 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 22.93 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 345.24 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 159.78 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 1.87 % change on previous year (2024)
Frequently asked questions
- What is insurance and financial services in Russia?
- Insurance and financial services in Russia was 5.5% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Russia?
- The highest recorded value was 5.7% in 2024.
- What is the lowest insurance and financial services recorded in Russia?
- The lowest recorded value was 0.6% in 1996.
- How does Russia rank for insurance and financial services?
- Russia ranks 64th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Russia?
- Over the last ten years it is up 55.5%. The long-run trend across the full record is rising.
- Where does this Russia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
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.