Insurance and financial services in Armenia
Armenia: Insurance and financial services was 11.8% in 2025. ◆ Volatile
Insurance and financial services in Armenia, 1996–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
The most recent figure for insurance and financial services in Armenia is 11.8%, measured in 2025. That is the highest value across all 30 years on record.
The figure is up 20.4% on the previous year and up 600.6% over ten years.
Over the whole period, insurance and financial services in Armenia peaked at 11.8% in 2025 and was at its lowest, 1.6%, in 2012.
That places Armenia 27th out of 190 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Armenia, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1996 | 6.7% | — |
| 1997 | 3.0% | -54.9% |
| 1998 | 2.6% | -14.7% |
| 1999 | 2.8% | +7.6% |
| 2000 | 3.3% | +18.9% |
| 2001 | 2.3% | -29.3% |
| 2002 | 3.4% | +47.4% |
| 2003 | 3.4% | -0.8% |
| 2004 | 2.9% | -14.0% |
| 2005 | 3.1% | +5.3% |
| 2006 | 2.3% | -24.2% |
| 2007 | 2.1% | -8.4% |
| 2008 | 2.2% | +2.6% |
| 2009 | 1.7% | -21.8% |
| 2010 | 2.0% | +17.9% |
| 2011 | 2.1% | +3.3% |
| 2012 | 1.6% | -24.5% |
| 2013 | 1.9% | +18.6% |
| 2014 | 1.8% | -1.2% |
| 2015 | 1.7% | -8.6% |
| 2016 | 1.7% | +2.0% |
| 2017 | 1.8% | +5.1% |
| 2018 | 2.0% | +9.0% |
| 2019 | 3.1% | +59.8% |
| 2020 | 7.8% | +149.8% |
| 2021 | 4.5% | -43.2% |
| 2022 | 6.9% | +53.8% |
| 2023 | 5.2% | -24.2% |
| 2024 | 9.8% | +88.5% |
| 2025 | 11.8% | +20.4% |
Armenia compared with similar countries
- Armenia's 11.8% is above the median for upper middle income countries, which is 1.9%, 6.3× the median. (53 countries reporting)
- Armenia's 11.8% is above the median for Europe & Central Asia, which is 3.6%, 3.3× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.7% | 2.6% | 6.7% | 4 |
| 2000s | 2.7% | 1.7% | 3.4% | 10 |
| 2010s | 2.0% | 1.6% | 3.1% | 10 |
| 2020s | 7.7% | 4.5% | 11.8% | 6 |
Countries ranked near Armenia
More private sector data for Armenia
- Merchandise trade 73.3% (2025)
- Food imports 8.4% (2024)
- Manufactures imports 43.4% (2024)
- Merchandise imports 13.04 billion current US$ (2025)
- Food exports 9.4% (2024)
- Manufactures exports 29.5% (2024)
- Merchandise exports 8.39 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,720 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2871 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -35.88 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Armenia?
- Insurance and financial services in Armenia was 11.8% 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 Armenia?
- The highest recorded value was 11.8% in 2025.
- What is the lowest insurance and financial services recorded in Armenia?
- The lowest recorded value was 1.6% in 2012.
- How does Armenia rank for insurance and financial services?
- Armenia ranks 27th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Armenia?
- Over the last ten years it is up 600.6%. The long-run trend across the full record is volatile.
- Where does this Armenia 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 commercial service exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.