Insurance and financial services in Azerbaijan
Azerbaijan: Insurance and financial services was 3.0% in 2025. ◆ Volatile
Insurance and financial services in Azerbaijan, 1995–2025
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 Azerbaijan is 3.0%, measured in 2025. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 50.2% on the previous year and up 548.8% over ten years.
Over the whole period, insurance and financial services in Azerbaijan peaked at 3.0% in 2025 and was at its lowest, 0.1%, in 1995.
Azerbaijan ranks 91st of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Azerbaijan, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1995 | 0.1% | — |
| 1996 | 0.9% | +523.2% |
| 1997 | 0.3% | -63.1% |
| 1998 | 1.2% | +269.2% |
| 2003 | 1.2% | -6.2% |
| 2004 | 1.5% | +30.0% |
| 2005 | 1.2% | -23.3% |
| 2006 | 1.7% | +49.7% |
| 2007 | 0.6% | -66.9% |
| 2008 | 0.3% | -45.2% |
| 2009 | 0.3% | -20.3% |
| 2010 | 0.5% | +94.0% |
| 2011 | 0.4% | -13.3% |
| 2012 | 0.3% | -35.2% |
| 2013 | 0.5% | +73.7% |
| 2014 | 0.6% | +25.2% |
| 2015 | 0.5% | -23.1% |
| 2016 | 0.4% | -3.2% |
| 2017 | 0.6% | +43.4% |
| 2018 | 0.5% | -15.7% |
| 2019 | 0.9% | +69.8% |
| 2020 | 1.2% | +30.0% |
| 2021 | 0.8% | -33.8% |
| 2022 | 0.7% | -7.4% |
| 2023 | 0.8% | +12.5% |
| 2024 | 2.0% | +142.6% |
| 2025 | 3.0% | +50.2% |
Azerbaijan compared with similar countries
- Azerbaijan's 3.0% is above the median for upper middle income countries, which is 1.9%, 1.6× the median. (53 countries reporting)
- Azerbaijan's 3.0% is below the median for Europe & Central Asia, which is 3.6%, 83% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Azerbaijan 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 |
|---|---|---|---|
| 1996 | +523.2% | 0.1% | 0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7% | 0.1% | 1.2% | 4 |
| 2000s | 1.0% | 0.3% | 1.7% | 7 |
| 2010s | 0.5% | 0.3% | 0.9% | 10 |
| 2020s | 1.4% | 0.7% | 3.0% | 6 |
Countries ranked near Azerbaijan
- 88 Bolivia, Plurinational State of 3.3% compare
- 89 Egypt 3.1% compare
- 90 Ecuador 3.1% compare
- 92 Uganda 2.9% compare
- 93 Bangladesh 2.8% compare
- 94 Dominican Republic 2.8% compare
More private sector data for Azerbaijan
- Merchandise trade 65.1% (2025)
- Food imports 12.4% (2025)
- Manufactures imports 53.0% (2025)
- Merchandise imports 24.38 billion current US$ (2025)
- Food exports 5.2% (2025)
- Manufactures exports 5.3% (2025)
- Merchandise exports 25.04 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,444 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3298 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -5.69 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Azerbaijan?
- Insurance and financial services in Azerbaijan was 3.0% 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 Azerbaijan?
- The highest recorded value was 3.0% in 2025.
- What is the lowest insurance and financial services recorded in Azerbaijan?
- The lowest recorded value was 0.1% in 1995.
- How does Azerbaijan rank for insurance and financial services?
- Azerbaijan ranks 91st out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Azerbaijan?
- Over the last ten years it is up 548.8%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan 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 — 27 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.