Insurance and financial services in Russia
Russia: Insurance and financial services was 1.6% 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 imports, BoP.
Analysis
The most recent figure for insurance and financial services in Russia is 1.6%, measured in 2025.
The figure is down 9.7% on the previous year and down 59.0% over ten years.
Over the whole period, insurance and financial services in Russia peaked at 6.2% in 2007 and was at its lowest, 0.4%, in 1995.
Russia ranks 185th of 197 countries on this measure, in the bottom quarter.
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 imports, BoP | Change |
|---|---|---|
| 1994 | 0.8% | — |
| 1995 | 0.4% | -56.3% |
| 1996 | 0.7% | +84.8% |
| 1997 | 1.9% | +194.1% |
| 1998 | 2.4% | +23.5% |
| 1999 | 2.5% | +5.1% |
| 2000 | 2.7% | +8.5% |
| 2001 | 2.9% | +4.3% |
| 2002 | 3.0% | +4.4% |
| 2003 | 3.9% | +32.0% |
| 2004 | 5.4% | +37.2% |
| 2005 | 5.1% | -5.0% |
| 2006 | 5.2% | +0.5% |
| 2007 | 6.2% | +19.6% |
| 2008 | 5.5% | -10.8% |
| 2009 | 4.8% | -13.5% |
| 2010 | 4.9% | +2.2% |
| 2011 | 4.0% | -17.6% |
| 2012 | 3.8% | -6.1% |
| 2013 | 3.7% | -1.2% |
| 2014 | 3.4% | -10.0% |
| 2015 | 3.8% | +14.0% |
| 2016 | 4.0% | +5.4% |
| 2017 | 3.9% | -3.7% |
| 2018 | 3.0% | -22.8% |
| 2019 | 3.5% | +15.6% |
| 2020 | 5.3% | +54.2% |
| 2021 | 4.8% | -9.7% |
| 2022 | 3.3% | -32.0% |
| 2023 | 1.7% | -49.3% |
| 2024 | 1.7% | +4.3% |
| 2025 | 1.6% | -9.7% |
Russia compared with similar countries
- Russia's 1.6% is below the median for high income countries, which is 6.2%, 25% of the median. (72 countries reporting)
- Russia's 1.6% is below the median for Europe & Central Asia, which is 5.2%, 30% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Russia 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 |
|---|---|---|---|
| 1997 | +194.1% | 0.7% | 1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.5% | 0.4% | 2.5% | 6 |
| 2000s | 4.5% | 2.7% | 6.2% | 10 |
| 2010s | 3.8% | 3.0% | 4.9% | 10 |
| 2020s | 3.1% | 1.6% | 5.3% | 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 1.6% 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 6.2% in 2007.
- What is the lowest insurance and financial services recorded in Russia?
- The lowest recorded value was 0.4% in 1995.
- How does Russia rank for insurance and financial services?
- Russia ranks 185th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Russia?
- Over the last ten years it is down 59.0%. 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 imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 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.