Insurance and financial services (% of commercial service exports) in Belarus
Belarus: Insurance and financial services (% of commercial service exports) was 1.0% in 2021. ◆ Volatile
Insurance and financial services in Belarus, 1993–2021
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2021, insurance and financial services in Belarus stood at 1.0%.
The figure is up 17.0% on the previous year and up 76.7% over ten years.
Over the whole period, insurance and financial services in Belarus peaked at 1.4% in 1998 and was at its lowest, 0.1%, in 2003.
That places Belarus 146th out of 190 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services (% of commercial service exports) in Belarus, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1993 | 1.0% | — |
| 1994 | 0.2% | -83.7% |
| 1995 | 0.5% | +183.3% |
| 1996 | 0.3% | -24.2% |
| 1997 | 0.3% | -10.8% |
| 1998 | 1.4% | +374.1% |
| 1999 | 0.3% | -78.7% |
| 2000 | 0.6% | +84.8% |
| 2001 | 0.6% | +7.0% |
| 2002 | 0.5% | -21.0% |
| 2003 | 0.1% | -69.1% |
| 2004 | 0.2% | +31.6% |
| 2005 | 0.2% | -12.1% |
| 2006 | 0.4% | +110.0% |
| 2007 | 0.3% | -21.1% |
| 2008 | 0.4% | +42.5% |
| 2009 | 0.3% | -28.4% |
| 2010 | 0.6% | +102.1% |
| 2011 | 0.6% | -6.1% |
| 2012 | 0.7% | +27.7% |
| 2013 | 0.6% | -10.3% |
| 2014 | 0.8% | +21.3% |
| 2015 | 0.7% | -2.7% |
| 2016 | 0.7% | -7.9% |
| 2017 | 0.6% | -13.8% |
| 2018 | 0.6% | +4.4% |
| 2019 | 0.7% | +9.6% |
| 2020 | 0.8% | +23.1% |
| 2021 | 1.0% | +17.0% |
Belarus compared with similar countries
- Belarus's 1.0% is below the median for upper middle income countries, which is 1.9%, 51% of the median. (53 countries reporting)
- Belarus's 1.0% is below the median for Europe & Central Asia, which is 3.5%, 28% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service exports) in Belarus 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 |
|---|---|---|---|
| 1998 | +374.1% | 0.3% | 1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6% | 0.2% | 1.4% | 7 |
| 2000s | 0.4% | 0.1% | 0.6% | 10 |
| 2010s | 0.7% | 0.6% | 0.8% | 10 |
| 2020s | 0.9% | 0.8% | 1.0% | 2 |
Countries ranked near Belarus
- 143 Montenegro 1.1% compare
- 144 Philippines 1.1% compare
- 145 French Polynesia 1.0% compare
- 147 Sri Lanka 1.0% compare
- 148 Tanzania 0.9% compare
- 149 Solomon Islands 0.9% compare
More private sector data for Belarus
- Merchandise trade 96.1% (2025)
- Food imports 10.3% (2021)
- Manufactures imports 49.4% (2021)
- Merchandise imports 48.37 billion current US$ (2025)
- Commercial service imports 7.71 billion current US$ (2025)
- Food exports 16.6% (2021)
- Manufactures exports 38.4% (2021)
- Merchandise exports 41.40 billion current US$ (2025)
- Commercial service exports 11.86 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,556 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Belarus?
- Insurance and financial services in Belarus was 1.0% in 2021, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Belarus?
- The highest recorded value was 1.4% in 1998.
- What is the lowest insurance and financial services recorded in Belarus?
- The lowest recorded value was 0.1% in 2003.
- How does Belarus rank for insurance and financial services?
- Belarus ranks 146th out of 190 countries with data for 2021.
- Is insurance and financial services rising or falling in Belarus?
- Over the last ten years it is up 76.7%. The long-run trend across the full record is volatile.
- Where does this Belarus 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.
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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.