Insurance and financial services in Georgia
Georgia: Insurance and financial services was 7.7% in 2025. ▬ Flat
Insurance and financial services in Georgia, 1997–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Georgia recorded 7.7% for insurance and financial services in 2025.
The figure is up 4.3% on the previous year and down 6.6% over ten years.
Over the whole period, insurance and financial services in Georgia peaked at 13.5% in 2008 and was at its lowest, 4.0%, in 1999.
Georgia ranks 78th of 197 countries on this measure, in the middle of the range.
Insurance and financial services in Georgia, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1997 | 8.4% | — |
| 1998 | 5.2% | -38.0% |
| 1999 | 4.0% | -22.9% |
| 2000 | 6.9% | +71.8% |
| 2001 | 6.4% | -7.9% |
| 2002 | 5.7% | -10.3% |
| 2003 | 7.5% | +31.2% |
| 2004 | 9.2% | +23.5% |
| 2005 | 9.6% | +4.1% |
| 2006 | 11.5% | +19.9% |
| 2007 | 13.2% | +14.2% |
| 2008 | 13.5% | +2.5% |
| 2009 | 12.8% | -5.1% |
| 2010 | 12.3% | -3.8% |
| 2011 | 12.4% | +0.7% |
| 2012 | 10.9% | -12.5% |
| 2013 | 8.6% | -20.6% |
| 2014 | 9.3% | +7.6% |
| 2015 | 8.2% | -11.2% |
| 2016 | 8.0% | -3.1% |
| 2017 | 7.2% | -9.7% |
| 2018 | 6.9% | -4.1% |
| 2019 | 5.8% | -16.1% |
| 2020 | 8.5% | +46.8% |
| 2021 | 7.9% | -6.9% |
| 2022 | 7.8% | -2.1% |
| 2023 | 6.8% | -12.0% |
| 2024 | 7.4% | +8.2% |
| 2025 | 7.7% | +4.3% |
Georgia compared with similar countries
- Georgia's 7.7% is above the median for upper middle income countries, which is 6.2%, 1.2× the median. (55 countries reporting)
- Georgia's 7.7% is above the median for Europe & Central Asia, which is 5.2%, 1.5× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Georgia 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 |
|---|---|---|---|
| 2000 | +71.8% | 4.0% | 6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.9% | 4.0% | 8.4% | 3 |
| 2000s | 9.6% | 5.7% | 13.5% | 10 |
| 2010s | 9.0% | 5.8% | 12.4% | 10 |
| 2020s | 7.7% | 6.8% | 8.5% | 6 |
Countries ranked near Georgia
More economy & growth data for Georgia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.32 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 266.07 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.007 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 67.6 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.66 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 3.27 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0434 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 420.58 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 38.45 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Georgia?
- Insurance and financial services in Georgia was 7.7% 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 Georgia?
- The highest recorded value was 13.5% in 2008.
- What is the lowest insurance and financial services recorded in Georgia?
- The lowest recorded value was 4.0% in 1999.
- How does Georgia rank for insurance and financial services?
- Georgia ranks 78th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Georgia?
- Over the last ten years it is down 6.6%. The long-run trend across the full record is flat.
- Where does this Georgia 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.
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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 imports which are services provided by non-residents to residents.