Insurance and financial services (% of commercial service exports) in Russia
Russia: Insurance and financial services (% of commercial service exports) was 5.6% in 2025. ▲ Rising
Insurance and financial services in Russia, 1994–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Russia recorded 5.6% for insurance and financial services in 2025.
Compared with earlier readings it is down 3.7% on the previous year and up 57.2% over ten years.
Over the whole period, insurance and financial services in Russia peaked at 5.8% in 2024 and was at its lowest, 0.6%, in 1996.
Russia ranks 63rd of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Insurance and financial services (% of commercial service exports) in Russia, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1994 | 1.1% | — |
| 1995 | 0.6% | -41.1% |
| 1996 | 0.6% | -1.1% |
| 1997 | 1.0% | +58.9% |
| 1998 | 0.8% | -15.8% |
| 1999 | 1.1% | +30.3% |
| 2000 | 1.2% | +7.4% |
| 2001 | 1.6% | +35.2% |
| 2002 | 1.7% | +5.7% |
| 2003 | 1.8% | +4.4% |
| 2004 | 2.2% | +26.3% |
| 2005 | 2.5% | +11.3% |
| 2006 | 2.7% | +9.2% |
| 2007 | 3.6% | +31.0% |
| 2008 | 3.2% | -11.5% |
| 2009 | 3.1% | -1.8% |
| 2010 | 3.0% | -1.6% |
| 2011 | 2.5% | -17.8% |
| 2012 | 2.8% | +13.4% |
| 2013 | 3.2% | +13.2% |
| 2014 | 3.1% | -4.5% |
| 2015 | 3.6% | +16.5% |
| 2016 | 3.1% | -12.9% |
| 2017 | 2.5% | -19.9% |
| 2018 | 2.9% | +15.6% |
| 2019 | 2.4% | -16.4% |
| 2020 | 3.4% | +39.2% |
| 2021 | 3.6% | +8.2% |
| 2022 | 3.5% | -5.0% |
| 2023 | 3.5% | +1.8% |
| 2024 | 5.8% | +66.0% |
| 2025 | 5.6% | -3.7% |
Russia compared with similar countries
- Russia's 5.6% is above the median for high income countries, which is 5.2%, 1.1× the median. (69 countries reporting)
- Russia's 5.6% is above the median for Europe & Central Asia, which is 3.5%, 1.6× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.9% | 0.6% | 1.1% | 6 |
| 2000s | 2.4% | 1.2% | 3.6% | 10 |
| 2010s | 2.9% | 2.4% | 3.6% | 10 |
| 2020s | 4.2% | 3.4% | 5.8% | 6 |
Countries ranked near Russia
More private sector data for Russia
- Merchandise trade 28.2% (2025)
- Food imports 10.9% (2021)
- Manufactures imports 79.8% (2021)
- Merchandise imports 302.71 billion current US$ (2025)
- Commercial service imports 93.65 billion current US$ (2025)
- Food exports 6.6% (2021)
- Manufactures exports 22.1% (2021)
- Merchandise exports 419.40 billion current US$ (2025)
- Commercial service exports 45.30 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,922 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Russia?
- Insurance and financial services in Russia was 5.6% 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 Russia?
- The highest recorded value was 5.8% in 2024.
- What is the lowest insurance and financial services recorded in Russia?
- The lowest recorded value was 0.6% in 1996.
- How does Russia rank for insurance and financial services?
- Russia ranks 63rd out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Russia?
- Over the last ten years it is up 57.2%. The long-run trend across the full record is rising.
- Where does this Russia 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.