Insurance and financial services in Estonia
Estonia: Insurance and financial services was 2.2% in 2025. ▼ Falling
Insurance and financial services in Estonia, 1992–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Estonia recorded 2.2% for insurance and financial services in 2025.
Compared with earlier readings it is down 12.9% on the previous year and down 37.2% over ten years.
Over the whole period, insurance and financial services in Estonia peaked at 4.9% in 1996 and was at its lowest, 0.3%, in 1992.
That places Estonia 173rd out of 197 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 29 years of available data.
Insurance and financial services in Estonia, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1992 | 0.3% | — |
| 1993 | 4.1% | +1167.1% |
| 1994 | 4.0% | -0.7% |
| 1995 | 4.6% | +15.3% |
| 1996 | 4.9% | +6.1% |
| 1997 | 3.8% | -23.9% |
| 1998 | 3.8% | +1.6% |
| 1999 | 2.2% | -42.0% |
| 2000 | 1.3% | -43.4% |
| 2001 | 1.6% | +24.1% |
| 2002 | 1.4% | -12.0% |
| 2008 | 3.9% | +182.5% |
| 2009 | 3.2% | -17.4% |
| 2010 | 3.9% | +22.0% |
| 2011 | 2.7% | -29.7% |
| 2012 | 2.8% | +3.4% |
| 2013 | 3.1% | +8.3% |
| 2014 | 3.1% | +2.2% |
| 2015 | 3.4% | +9.9% |
| 2016 | 2.9% | -15.4% |
| 2017 | 2.7% | -7.1% |
| 2018 | 2.2% | -19.8% |
| 2019 | 1.9% | -10.3% |
| 2020 | 2.1% | +8.2% |
| 2021 | 2.2% | +2.7% |
| 2022 | 2.0% | -7.1% |
| 2023 | 2.5% | +23.3% |
| 2024 | 2.5% | +0.3% |
| 2025 | 2.2% | -12.9% |
Estonia compared with similar countries
- Estonia's 2.2% is below the median for high income countries, which is 6.4%, 34% of the median. (72 countries reporting)
- Estonia's 2.2% is below the median for Europe & Central Asia, which is 5.2%, 42% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Estonia 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 |
|---|---|---|---|
| 1993 | +1167.1% | 0.3% | 4.1% |
| 2008 | +182.5% | 1.4% | 3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.5% | 0.3% | 4.9% | 8 |
| 2000s | 2.2% | 1.3% | 3.9% | 5 |
| 2010s | 2.9% | 1.9% | 3.9% | 10 |
| 2020s | 2.2% | 2.0% | 2.5% | 6 |
Countries ranked near Estonia
- 170 Brunei Darussalam 2.3% compare
- 171 Suriname 2.2% compare
- 172 Naoero 2.2% compare
- 174 Papua New Guinea 2.1% compare
- 175 Lao People's Democratic Republic 2.1% compare
- 176 Congo 2.1% compare
More private sector data for Estonia
- Merchandise trade 98.4% (2025)
- Food imports 14.2% (2024)
- Manufactures imports 67.0% (2024)
- Merchandise imports 25.30 billion current US$ (2025)
- Food exports 13.6% (2024)
- Manufactures exports 64.4% (2024)
- Merchandise exports 20.98 billion current US$ (2025)
- Merchandise exports (current US$), per capita 15,353 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.4461 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 11.63 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Estonia?
- Insurance and financial services in Estonia was 2.2% 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 Estonia?
- The highest recorded value was 4.9% in 1996.
- What is the lowest insurance and financial services recorded in Estonia?
- The lowest recorded value was 0.3% in 1992.
- How does Estonia rank for insurance and financial services?
- Estonia ranks 173rd out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Estonia?
- Over the last ten years it is down 37.2%. The long-run trend across the full record is falling.
- Where does this Estonia 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.
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CSV · JSON — 29 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 imports which are commercial services provided by non-residents to residents.