Insurance and financial services in Ukraine
Ukraine: Insurance and financial services was 3.6% in 2024. ▼ Falling
Insurance and financial services in Ukraine, 1994–2024
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 Ukraine is 3.6%, measured in 2024.
The figure is up 17.2% on the previous year and down 53.4% over ten years.
Over the whole period, insurance and financial services in Ukraine peaked at 16.0% in 2003 and was at its lowest, 2.3%, in 1996.
That places Ukraine 147th out of 197 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Insurance and financial services in Ukraine, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1994 | 12.6% | — |
| 1995 | 5.5% | -56.1% |
| 1996 | 2.3% | -58.9% |
| 1997 | 3.5% | +52.7% |
| 1998 | 3.5% | +1.1% |
| 1999 | 3.6% | +2.6% |
| 2000 | 6.1% | +69.5% |
| 2001 | 4.7% | -22.3% |
| 2002 | 8.1% | +70.9% |
| 2003 | 16.0% | +97.0% |
| 2004 | 8.8% | -45.2% |
| 2005 | 5.4% | -38.8% |
| 2006 | 6.3% | +16.7% |
| 2007 | 9.4% | +50.6% |
| 2008 | 10.2% | +7.9% |
| 2009 | 12.8% | +26.0% |
| 2010 | 9.6% | -24.9% |
| 2011 | 8.2% | -15.3% |
| 2012 | 7.7% | -5.2% |
| 2013 | 7.5% | -3.2% |
| 2014 | 7.6% | +2.0% |
| 2015 | 9.1% | +18.7% |
| 2016 | 6.0% | -33.6% |
| 2017 | 5.5% | -9.2% |
| 2018 | 4.3% | -20.9% |
| 2019 | 4.4% | +1.2% |
| 2020 | 6.9% | +58.5% |
| 2021 | 5.9% | -15.0% |
| 2022 | 3.2% | -45.0% |
| 2023 | 3.0% | -6.5% |
| 2024 | 3.6% | +17.2% |
Ukraine compared with similar countries
- Ukraine's 3.6% is below the median for upper middle income countries, which is 6.3%, 57% of the median. (55 countries reporting)
- Ukraine's 3.6% is below the median for Europe & Central Asia, which is 5.2%, 69% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.2% | 2.3% | 12.6% | 6 |
| 2000s | 8.8% | 4.7% | 16.0% | 10 |
| 2010s | 7.0% | 4.3% | 9.6% | 10 |
| 2020s | 4.5% | 3.0% | 6.9% | 5 |
Countries ranked near Ukraine
More private sector data for Ukraine
- Merchandise trade 57.9% (2025)
- Food imports 10.5% (2024)
- Manufactures imports 66.5% (2024)
- Merchandise imports 83.57 billion current US$ (2025)
- Food exports 58.7% (2024)
- Manufactures exports 30.5% (2024)
- Merchandise exports 40.37 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,036 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1884 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -3.27 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Ukraine?
- Insurance and financial services in Ukraine was 3.6% 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 Ukraine?
- The highest recorded value was 16.0% in 2003.
- What is the lowest insurance and financial services recorded in Ukraine?
- The lowest recorded value was 2.3% in 1996.
- How does Ukraine rank for insurance and financial services?
- Ukraine ranks 147th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Ukraine?
- Over the last ten years it is down 53.4%. The long-run trend across the full record is falling.
- Where does this Ukraine 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 — 31 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.