Insurance and financial services in Kazakhstan
Kazakhstan: Insurance and financial services was 5.6% in 2025. ▲ Rising
Insurance and financial services in Kazakhstan, 1998–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Kazakhstan recorded 5.6% for insurance and financial services in 2025.
Compared with earlier readings it is down 2.1% on the previous year and up 223.9% over ten years.
Over the whole period, insurance and financial services in Kazakhstan peaked at 6.2% in 2009 and was at its lowest, 1.4%, in 2014.
That places Kazakhstan 110th 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 28 years of available data.
Insurance and financial services in Kazakhstan, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1998 | 1.8% | — |
| 1999 | 2.9% | +60.8% |
| 2000 | 2.8% | -3.6% |
| 2001 | 1.9% | -30.7% |
| 2002 | 2.5% | +29.4% |
| 2003 | 2.9% | +16.5% |
| 2004 | 2.5% | -14.3% |
| 2005 | 3.0% | +20.5% |
| 2006 | 5.0% | +68.4% |
| 2007 | 3.8% | -24.8% |
| 2008 | 5.3% | +40.9% |
| 2009 | 6.2% | +15.8% |
| 2010 | 5.2% | -16.4% |
| 2011 | 4.9% | -5.3% |
| 2012 | 3.2% | -33.6% |
| 2013 | 2.4% | -26.5% |
| 2014 | 1.4% | -43.2% |
| 2015 | 1.7% | +28.2% |
| 2016 | 4.4% | +153.9% |
| 2017 | 2.7% | -38.9% |
| 2018 | 2.4% | -9.4% |
| 2019 | 2.5% | +1.1% |
| 2020 | 3.1% | +25.2% |
| 2021 | 3.7% | +21.3% |
| 2022 | 5.3% | +40.6% |
| 2023 | 5.5% | +4.4% |
| 2024 | 5.8% | +4.6% |
| 2025 | 5.6% | -2.1% |
Kazakhstan compared with similar countries
- Kazakhstan's 5.6% is below the median for upper middle income countries, which is 6.3%, 90% of the median. (55 countries reporting)
- Kazakhstan's 5.6% is above the median for Europe & Central Asia, which is 5.2%, 1.1× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.3% | 1.8% | 2.9% | 2 |
| 2000s | 3.6% | 1.9% | 6.2% | 10 |
| 2010s | 3.1% | 1.4% | 5.2% | 10 |
| 2020s | 4.8% | 3.1% | 5.8% | 6 |
Countries ranked near Kazakhstan
More private sector data for Kazakhstan
- Merchandise trade 46.8% (2025)
- Food imports 11.0% (2024)
- Manufactures imports 81.0% (2024)
- Merchandise imports 64.46 billion current US$ (2025)
- Food exports 6.1% (2024)
- Manufactures exports 20.9% (2024)
- Merchandise exports 78.79 billion current US$ (2025)
- Merchandise exports (current US$), per capita 3,780 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2573 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -4.46 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Kazakhstan?
- Insurance and financial services in Kazakhstan 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 Kazakhstan?
- The highest recorded value was 6.2% in 2009.
- What is the lowest insurance and financial services recorded in Kazakhstan?
- The lowest recorded value was 1.4% in 2014.
- How does Kazakhstan rank for insurance and financial services?
- Kazakhstan ranks 110th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Kazakhstan?
- Over the last ten years it is up 223.9%. The long-run trend across the full record is rising.
- Where does this Kazakhstan 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
CSV · JSON — 28 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.