Insurance and financial services (% of commercial service imports) in Russia
Russia: Insurance and financial services (% of commercial service imports) was 1.6% 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 imports.
Analysis
The most recent figure for insurance and financial services in Russia is 1.6%, measured in 2025.
That represents a change of down 9.7% on the previous year and down 59.1% over ten years.
Over the whole period, insurance and financial services in Russia peaked at 6.3% in 2007 and was at its lowest, 0.4%, in 1995.
Russia ranks 184th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Insurance and financial services (% of commercial service imports) in Russia, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1994 | 0.8% | — |
| 1995 | 0.4% | -56.3% |
| 1996 | 0.7% | +84.8% |
| 1997 | 1.9% | +194.1% |
| 1998 | 2.4% | +23.5% |
| 1999 | 2.5% | +5.1% |
| 2000 | 2.7% | +8.5% |
| 2001 | 3.0% | +8.2% |
| 2002 | 3.1% | +3.4% |
| 2003 | 4.0% | +31.5% |
| 2004 | 5.6% | +38.3% |
| 2005 | 5.3% | -5.7% |
| 2006 | 5.3% | +0.4% |
| 2007 | 6.3% | +19.7% |
| 2008 | 5.6% | -10.7% |
| 2009 | 4.9% | -12.6% |
| 2010 | 5.0% | +1.4% |
| 2011 | 4.1% | -17.9% |
| 2012 | 3.8% | -6.3% |
| 2013 | 3.8% | -1.2% |
| 2014 | 3.4% | -10.3% |
| 2015 | 3.9% | +14.0% |
| 2016 | 4.1% | +5.7% |
| 2017 | 3.9% | -4.1% |
| 2018 | 3.0% | -23.0% |
| 2019 | 3.5% | +15.5% |
| 2020 | 5.4% | +55.0% |
| 2021 | 4.9% | -9.9% |
| 2022 | 3.3% | -32.0% |
| 2023 | 1.7% | -49.5% |
| 2024 | 1.8% | +4.7% |
| 2025 | 1.6% | -9.7% |
Russia compared with similar countries
- Russia's 1.6% is below the median for high income countries, which is 6.4%, 25% of the median. (72 countries reporting)
- Russia's 1.6% is below the median for Europe & Central Asia, which is 5.2%, 31% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in Russia 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 |
|---|---|---|---|
| 1997 | +194.1% | 0.7% | 1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.5% | 0.4% | 2.5% | 6 |
| 2000s | 4.6% | 2.7% | 6.3% | 10 |
| 2010s | 3.9% | 3.0% | 5.0% | 10 |
| 2020s | 3.1% | 1.6% | 5.4% | 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 1.6% 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 6.3% in 2007.
- What is the lowest insurance and financial services recorded in Russia?
- The lowest recorded value was 0.4% in 1995.
- How does Russia rank for insurance and financial services?
- Russia ranks 184th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Russia?
- Over the last ten years it is down 59.1%. 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 imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 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.