Insurance and financial services in Kyrgyzstan
Kyrgyzstan: Insurance and financial services was 11.7% in 2024. ◆ Volatile
Insurance and financial services in Kyrgyzstan, 1993–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
In 2024, insurance and financial services in Kyrgyzstan stood at 11.7%.
The figure is up 109.7% on the previous year and up 471.4% over ten years.
Over the whole period, insurance and financial services in Kyrgyzstan peaked at 15.2% in 2002 and was at its lowest, 1.9%, in 2012.
Kyrgyzstan ranks 39th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Kyrgyzstan, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1993 | 7.6% | — |
| 1994 | 4.3% | -43.5% |
| 1995 | 4.3% | +0.1% |
| 1996 | 4.4% | +2.1% |
| 1997 | 7.7% | +74.9% |
| 1998 | 10.7% | +40.0% |
| 1999 | 10.6% | -0.9% |
| 2000 | 9.1% | -14.8% |
| 2001 | 9.5% | +5.4% |
| 2002 | 15.2% | +59.6% |
| 2003 | 12.4% | -18.6% |
| 2004 | 11.9% | -4.1% |
| 2005 | 6.8% | -43.2% |
| 2006 | 4.8% | -29.0% |
| 2007 | 3.1% | -35.8% |
| 2008 | 2.2% | -28.3% |
| 2009 | 2.2% | -1.6% |
| 2010 | 3.9% | +81.2% |
| 2011 | 2.4% | -39.2% |
| 2012 | 1.9% | -21.1% |
| 2013 | 2.5% | +32.5% |
| 2014 | 2.1% | -18.1% |
| 2015 | 2.7% | +29.8% |
| 2016 | 2.3% | -11.8% |
| 2017 | 4.1% | +74.8% |
| 2018 | 2.0% | -50.3% |
| 2019 | 2.3% | +14.1% |
| 2020 | 3.0% | +29.9% |
| 2021 | 3.1% | +0.9% |
| 2022 | 3.1% | +1.4% |
| 2023 | 5.6% | +80.6% |
| 2024 | 11.7% | +109.7% |
Kyrgyzstan compared with similar countries
- Kyrgyzstan's 11.7% is above the median for lower middle income countries, which is 6.5%, 1.8× the median. (47 countries reporting)
- Kyrgyzstan's 11.7% is above the median for Europe & Central Asia, which is 5.2%, 2.3× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.1% | 4.3% | 10.7% | 7 |
| 2000s | 7.7% | 2.2% | 15.2% | 10 |
| 2010s | 2.6% | 1.9% | 4.1% | 10 |
| 2020s | 5.3% | 3.0% | 11.7% | 5 |
Countries ranked near Kyrgyzstan
More private sector data for Kyrgyzstan
- Merchandise trade 69.9% (2025)
- Food imports 12.6% (2025)
- Manufactures imports 74.4% (2025)
- Merchandise imports 12.97 billion current US$ (2025)
- Food exports 11.7% (2025)
- Manufactures exports 32.3% (2025)
- Merchandise exports 2.85 billion current US$ (2025)
- Merchandise exports (current US$), per capita 388.39 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1261 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -44.54 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Kyrgyzstan?
- Insurance and financial services in Kyrgyzstan was 11.7% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Kyrgyzstan?
- The highest recorded value was 15.2% in 2002.
- What is the lowest insurance and financial services recorded in Kyrgyzstan?
- The lowest recorded value was 1.9% in 2012.
- How does Kyrgyzstan rank for insurance and financial services?
- Kyrgyzstan ranks 39th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Kyrgyzstan?
- Over the last ten years it is up 471.4%. The long-run trend across the full record is volatile.
- Where does this Kyrgyzstan 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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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.