Azerbaijan vs Turkey: Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- Azerbaijan
- Turkey
How they compare
Turkey currently reports 3.1% against 3.0% in Azerbaijan, a difference of 0.1%.
Across all 27 years both countries report, Turkey has been ahead every year.
Azerbaijan ranks 94th and Turkey ranks 91st of 190 countries.
Turkey has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Azerbaijan | Turkey | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.7% | 2.0% | 1.4% | Turkey |
| 2000s | 1.0% | 3.1% | 2.2% | Turkey |
| 2010s | 0.5% | 2.8% | 2.3% | Turkey |
| 2020s | 1.4% | 2.7% | 1.3% | Turkey |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Azerbaijan or Turkey?
- Turkey, at 3.1% against 3.0% in Azerbaijan as of 2025.
- What is the difference in insurance and financial services between Azerbaijan and Turkey?
- 0.1%, with Turkey ahead.
- How many years of comparable data are there for Azerbaijan and Turkey?
- 27 years are reported by both, from 1995 to 2025.
- How do Azerbaijan and Turkey rank globally for insurance and financial services?
- Azerbaijan ranks 94th and Turkey ranks 91st of 190 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Insurance and financial services (% of commercial service exports). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.