Insurance and financial services in Bulgaria
Bulgaria: Insurance and financial services was 6.3% in 2025. ▲ Rising
Insurance and financial services in Bulgaria, 1980–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2025, insurance and financial services in Bulgaria stood at 6.3%.
The figure is down 12.6% on the previous year and down 49.4% over ten years.
Over the whole period, insurance and financial services in Bulgaria peaked at 16.0% in 2018 and was at its lowest, 2.5%, in 1998.
Bulgaria ranks 94th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 40 years of available data.
Insurance and financial services in Bulgaria, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1980 | 5.7% | — |
| 1981 | 6.6% | +16.1% |
| 1982 | 6.5% | -2.1% |
| 1983 | 6.2% | -4.7% |
| 1984 | 6.1% | -1.8% |
| 1985 | 5.9% | -2.8% |
| 1986 | 5.7% | -3.9% |
| 1987 | 5.7% | +0.8% |
| 1988 | 5.9% | +3.7% |
| 1989 | 4.5% | -24.4% |
| 1990 | 4.5% | +0.6% |
| 1997 | 8.7% | +92.3% |
| 1998 | 2.5% | -71.6% |
| 1999 | 4.4% | +80.7% |
| 2000 | 5.4% | +20.3% |
| 2001 | 3.2% | -39.3% |
| 2002 | 4.6% | +40.9% |
| 2003 | 3.9% | -13.8% |
| 2004 | 3.7% | -6.4% |
| 2005 | 3.7% | +0.8% |
| 2006 | 4.5% | +20.3% |
| 2007 | 5.8% | +28.8% |
| 2008 | 4.3% | -24.6% |
| 2009 | 8.1% | +85.2% |
| 2010 | 4.8% | -40.6% |
| 2011 | 4.2% | -12.2% |
| 2012 | 3.9% | -6.0% |
| 2013 | 4.8% | +22.5% |
| 2014 | 4.8% | -1.6% |
| 2015 | 12.5% | +162.2% |
| 2016 | 8.0% | -35.5% |
| 2017 | 8.9% | +10.7% |
| 2018 | 16.0% | +80.2% |
| 2019 | 13.4% | -16.5% |
| 2020 | 12.7% | -5.0% |
| 2021 | 12.5% | -2.0% |
| 2022 | 9.8% | -21.7% |
| 2023 | 7.7% | -20.8% |
| 2024 | 7.2% | -6.6% |
| 2025 | 6.3% | -12.6% |
Bulgaria compared with similar countries
- Bulgaria's 6.3% is above the median for high income countries, which is 6.2%, 1.0× the median. (72 countries reporting)
- Bulgaria's 6.3% is above the median for Europe & Central Asia, which is 5.2%, 1.2× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Bulgaria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +162.2% | 4.8% | 12.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.9% | 4.5% | 6.6% | 10 |
| 1990s | 5.0% | 2.5% | 8.7% | 4 |
| 2000s | 4.7% | 3.2% | 8.1% | 10 |
| 2010s | 8.1% | 3.9% | 16.0% | 10 |
| 2020s | 9.4% | 6.3% | 12.7% | 6 |
Countries ranked near Bulgaria
More economy & growth data for Bulgaria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.48 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.58 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.51 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0116 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 234.99 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.88 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 60.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0373 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 759.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 7.89 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Bulgaria?
- Insurance and financial services in Bulgaria was 6.3% 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 Bulgaria?
- The highest recorded value was 16.0% in 2018.
- What is the lowest insurance and financial services recorded in Bulgaria?
- The lowest recorded value was 2.5% in 1998.
- How does Bulgaria rank for insurance and financial services?
- Bulgaria ranks 94th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Bulgaria?
- Over the last ten years it is down 49.4%. The long-run trend across the full record is rising.
- Where does this Bulgaria 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 imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 40 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 imports which are services provided by non-residents to residents.