Insurance and financial services (% of commercial service imports) in Turkey
Turkey: Insurance and financial services (% of commercial service imports) was 10.9% in 2025. ▲ Rising
Insurance and financial services in Turkey, 1974–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Turkey recorded 10.9% for insurance and financial services in 2025.
Compared with earlier readings it is up 21.8% on the previous year and down 29.1% over ten years.
Over the whole period, insurance and financial services in Turkey peaked at 18.0% in 2002 and was at its lowest, 1.8%, in 1983.
Turkey ranks 42nd of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 44 years of available data.
Insurance and financial services (% of commercial service imports) in Turkey, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1974 | 3.6% | — |
| 1975 | 3.8% | +5.1% |
| 1976 | 3.5% | -7.5% |
| 1977 | 2.8% | -20.9% |
| 1978 | 5.7% | +104.2% |
| 1979 | 5.2% | -9.0% |
| 1980 | 5.1% | -2.0% |
| 1981 | 4.8% | -5.0% |
| 1982 | 2.3% | -52.3% |
| 1983 | 1.8% | -20.0% |
| 1992 | 9.6% | +422.6% |
| 1993 | 10.4% | +8.3% |
| 1994 | 9.4% | -9.8% |
| 1995 | 8.4% | -10.6% |
| 1996 | 8.5% | +1.1% |
| 1997 | 8.0% | -6.5% |
| 1998 | 9.4% | +18.2% |
| 1999 | 10.4% | +10.6% |
| 2000 | 13.3% | +27.6% |
| 2001 | 17.8% | +34.1% |
| 2002 | 18.0% | +1.1% |
| 2003 | 14.6% | -19.0% |
| 2004 | 13.0% | -11.2% |
| 2005 | 11.9% | -8.4% |
| 2006 | 15.0% | +26.2% |
| 2007 | 14.4% | -3.8% |
| 2008 | 14.2% | -1.2% |
| 2009 | 12.9% | -9.6% |
| 2010 | 10.7% | -16.6% |
| 2011 | 12.9% | +20.2% |
| 2012 | 12.9% | +0.4% |
| 2013 | 14.0% | +8.3% |
| 2014 | 15.5% | +10.5% |
| 2015 | 15.4% | -0.9% |
| 2016 | 12.1% | -21.1% |
| 2017 | 12.1% | -0.4% |
| 2018 | 9.5% | -21.4% |
| 2019 | 8.5% | -10.3% |
| 2020 | 11.5% | +35.1% |
| 2021 | 9.7% | -15.9% |
| 2022 | 8.4% | -13.3% |
| 2023 | 8.9% | +6.8% |
| 2024 | 8.9% | -0.2% |
| 2025 | 10.9% | +21.8% |
Turkey compared with similar countries
- Turkey's 10.9% is above the median for upper middle income countries, which is 6.4%, 1.7× the median. (55 countries reporting)
- Turkey's 10.9% is above the median for Europe & Central Asia, which is 5.2%, 2.1× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in Turkey 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 |
|---|---|---|---|
| 1992 | +422.6% | 1.8% | 9.6% |
| 1978 | +104.2% | 2.8% | 5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.1% | 2.8% | 5.7% | 6 |
| 1980s | 3.5% | 1.8% | 5.1% | 4 |
| 1990s | 9.3% | 8.0% | 10.4% | 8 |
| 2000s | 14.5% | 11.9% | 18.0% | 10 |
| 2010s | 12.4% | 8.5% | 15.5% | 10 |
| 2020s | 9.7% | 8.4% | 11.5% | 6 |
Countries ranked near Turkey
More private sector data for Turkey
- Merchandise trade 40.0% (2025)
- Food imports 7.0% (2025)
- Manufactures imports 60.5% (2025)
- Merchandise imports 365.37 billion current US$ (2025)
- Commercial service imports 58.00 billion current US$ (2025)
- Food exports 11.8% (2025)
- Manufactures exports 74.5% (2025)
- Merchandise exports 273.36 billion current US$ (2025)
- Commercial service exports 122.32 billion current US$ (2025)
- Merchandise exports (current US$), per capita 3,183 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Turkey?
- Insurance and financial services in Turkey was 10.9% 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 Turkey?
- The highest recorded value was 18.0% in 2002.
- What is the lowest insurance and financial services recorded in Turkey?
- The lowest recorded value was 1.8% in 1983.
- How does Turkey rank for insurance and financial services?
- Turkey ranks 42nd out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Turkey?
- Over the last ten years it is down 29.1%. The long-run trend across the full record is rising.
- Where does this Turkey 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.