Insurance and financial services in Bulgaria
Bulgaria: Insurance and financial services was 6.3% in 2025. ▲ Rising
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 imports.
Analysis
Bulgaria recorded 6.3% for insurance and financial services in 2025.
Compared with earlier readings it is down 12.7% on the previous year and down 49.4% over ten years.
Over the whole period, insurance and financial services in Bulgaria peaked at 16.0% in 2018 and was at its lowest, 2.5%, in 1998.
That places Bulgaria 98th out of 197 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 40 years of available data.
Insurance and financial services in Bulgaria, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1980 | 5.7% | — |
| 1981 | 6.6% | +16.1% |
| 1982 | 6.5% | -2.1% |
| 1983 | 6.2% | -4.7% |
| 1984 | 6.1% | -1.8% |
| 1985 | 5.9% | -2.8% |
| 1986 | 5.7% | -3.9% |
| 1987 | 5.7% | +0.8% |
| 1988 | 5.9% | +3.7% |
| 1989 | 4.5% | -24.4% |
| 1990 | 4.5% | +0.6% |
| 1997 | 8.8% | +94.6% |
| 1998 | 2.5% | -71.7% |
| 1999 | 4.5% | +79.7% |
| 2000 | 5.4% | +20.8% |
| 2001 | 3.3% | -39.1% |
| 2002 | 4.6% | +40.8% |
| 2003 | 4.0% | -13.8% |
| 2004 | 3.7% | -6.5% |
| 2005 | 3.7% | +0.7% |
| 2006 | 4.5% | +19.8% |
| 2007 | 5.8% | +28.8% |
| 2008 | 4.4% | -24.6% |
| 2009 | 8.1% | +85.0% |
| 2010 | 4.8% | -40.6% |
| 2011 | 4.2% | -12.3% |
| 2012 | 3.9% | -6.0% |
| 2013 | 4.8% | +22.4% |
| 2014 | 4.8% | -1.6% |
| 2015 | 12.5% | +162.2% |
| 2016 | 8.0% | -35.5% |
| 2017 | 8.9% | +10.7% |
| 2018 | 16.0% | +80.3% |
| 2019 | 13.4% | -16.5% |
| 2020 | 12.7% | -5.1% |
| 2021 | 12.5% | -2.0% |
| 2022 | 9.8% | -21.6% |
| 2023 | 7.7% | -20.8% |
| 2024 | 7.2% | -6.6% |
| 2025 | 6.3% | -12.7% |
Bulgaria compared with similar countries
- Bulgaria's 6.3% is below the median for high income countries, which is 6.4%, 99% of the median. (72 countries reporting)
- Bulgaria's 6.3% is above the median for Europe & Central Asia, which is 5.2%, 1.2× 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 |
|---|---|---|---|
| 2015 | +162.2% | 4.8% | 12.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.9% | 4.5% | 6.6% | 10 |
| 1990s | 5.0% | 2.5% | 8.8% | 4 |
| 2000s | 4.7% | 3.3% | 8.1% | 10 |
| 2010s | 8.1% | 3.9% | 16.0% | 10 |
| 2020s | 9.4% | 6.3% | 12.7% | 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 16.0% in 2018.
- What is the lowest insurance and financial services recorded in Bulgaria?
- The lowest recorded value was 2.5% in 1998.
- How does Bulgaria rank for insurance and financial services?
- Bulgaria ranks 98th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Bulgaria?
- Over the last ten years it is down 49.4%. The long-run trend across the full record is rising.
- 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 imports). Statizoid updates them automatically from the source API.
Download this data
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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 imports which are commercial services provided by non-residents to residents.