Insurance and financial services in Bulgaria
Bulgaria: Insurance and financial services was 6.3% in 2025. ◆ Volatile
Insurance and financial services in Bulgaria, 1980–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Bulgaria recorded 6.3% for insurance and financial services in 2025.
That represents a change of up 2.9% on the previous year and down 24.6% over ten years.
Over the whole period, insurance and financial services in Bulgaria peaked at 9.1% in 2014 and was at its lowest, 1.1%, in 2005.
Bulgaria ranks 55th 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 Bulgaria, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1980 | 4.0% | — |
| 1981 | 4.5% | +11.9% |
| 1982 | 4.2% | -7.2% |
| 1983 | 3.9% | -5.9% |
| 1984 | 3.0% | -22.8% |
| 1985 | 3.2% | +4.9% |
| 1986 | 3.3% | +3.1% |
| 1987 | 3.2% | -3.9% |
| 1988 | 3.5% | +11.2% |
| 1989 | 3.1% | -12.6% |
| 1990 | 3.1% | -0.5% |
| 1997 | 6.9% | +125.9% |
| 1998 | 2.5% | -64.5% |
| 1999 | 1.5% | -39.6% |
| 2000 | 1.4% | -4.3% |
| 2001 | 2.2% | +52.2% |
| 2002 | 1.3% | -40.1% |
| 2003 | 1.2% | -4.4% |
| 2004 | 1.7% | +34.4% |
| 2005 | 1.1% | -33.2% |
| 2006 | 1.4% | +24.0% |
| 2007 | 1.3% | -8.2% |
| 2008 | 1.3% | +5.5% |
| 2009 | 2.5% | +88.5% |
| 2010 | 2.1% | -17.2% |
| 2011 | 2.9% | +39.3% |
| 2012 | 2.7% | -7.7% |
| 2013 | 3.0% | +12.5% |
| 2014 | 9.1% | +200.9% |
| 2015 | 8.4% | -7.6% |
| 2016 | 8.4% | +0.7% |
| 2017 | 6.5% | -22.7% |
| 2018 | 6.7% | +2.3% |
| 2019 | 6.6% | -0.9% |
| 2020 | 8.2% | +23.9% |
| 2021 | 6.0% | -27.0% |
| 2022 | 6.0% | +1.4% |
| 2023 | 5.1% | -15.7% |
| 2024 | 6.1% | +20.2% |
| 2025 | 6.3% | +2.9% |
Bulgaria compared with similar countries
- Bulgaria's 6.3% is above the median for high income countries, which is 5.3%, 1.2× the median. (69 countries reporting)
- Bulgaria's 6.3% is above the median for Europe & Central Asia, which is 3.6%, 1.8× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Bulgaria 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 |
|---|---|---|---|
| 2014 | +200.9% | 3.0% | 9.1% |
| 1997 | +125.9% | 3.1% | 6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.6% | 3.0% | 4.5% | 10 |
| 1990s | 3.5% | 1.5% | 6.9% | 4 |
| 2000s | 1.5% | 1.1% | 2.5% | 10 |
| 2010s | 5.6% | 2.1% | 9.1% | 10 |
| 2020s | 6.3% | 5.1% | 8.2% | 6 |
Countries ranked near Bulgaria
More private sector data for Bulgaria
- Merchandise trade 83.5% (2025)
- Food imports 13.2% (2024)
- Manufactures imports 60.0% (2024)
- Merchandise imports 60.89 billion current US$ (2025)
- Food exports 15.2% (2024)
- Manufactures exports 53.4% (2024)
- Merchandise exports 48.32 billion current US$ (2025)
- Merchandise exports (current US$), per capita 7,511 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3695 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 0.8979 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Bulgaria?
- Insurance and financial services in Bulgaria was 6.3% 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 Bulgaria?
- The highest recorded value was 9.1% in 2014.
- What is the lowest insurance and financial services recorded in Bulgaria?
- The lowest recorded value was 1.1% in 2005.
- How does Bulgaria rank for insurance and financial services?
- Bulgaria ranks 55th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Bulgaria?
- Over the last ten years it is down 24.6%. The long-run trend across the full record is volatile.
- Where does this Bulgaria 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 — 40 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.