Azerbaijan's insurance and financial services (% of service exports, BoP) was 2.96% in 2025, the latest year in the World Bank's World Development Indicators. That is up 2.5 percentage points from 0.46% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 2.96% | 2025 |
| Five years earlier | 1.17% | 2020 |
| Ten years earlier | 0.46% | 2015 |
| Highest | 2.96% | 2025 |
| Lowest | 0.14% | 1995 |
| Average since 2016 | 1.09% | 2016–2025 |
| First recorded | 0.14% | 1995 |
What the numbers say
In 2025, Azerbaijan's insurance and financial services (% of service exports, BoP) rose 0.99 percentage points on 2024 (from 1.97% to 2.96%).
Across the 24 yearly changes before that (1996 to 2024), the average change was +0.08 percentage points and a typical year strayed about 0.46 percentage points from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 1.16 percentage points in 2024 and the biggest yearly fall was 1.02 percentage points in 2007. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 0.2 percentage points a year. A straight line explains 57% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Azerbaijan had the 67th highest value of the 130 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Azerbaijan | 2.96% | 2025 |
| World | 11.46% | 2025 |
| Europe & Central Asia | 12.49% | 2025 |
| Upper middle income | 2.86% | 2025 |
Closest to Azerbaijan in the 2025 ranking
What this measures
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 27 values
| Year | Insurance and financial services (% of service exports, BoP) |
|---|---|
| 2025 | 2.96 |
| 2024 | 1.97 |
| 2023 | 0.8109 |
| 2022 | 0.7192 |
| 2021 | 0.7755 |
| 2020 | 1.17 |
| 2019 | 0.9006 |
| 2018 | 0.5318 |
| 2017 | 0.6311 |
| 2016 | 0.44 |
| 2015 |
Insurance and financial services (% of service exports, BoP) in nearby economies
More economic policy & debt data for Azerbaijan
- Adjusted savings, education expenditure (% of GNI) — 3.9% (2021)
- Adjusted savings, mineral depletion (current US$) — US$138.93 million (2021)
- Adjusted savings, energy depletion (current US$) — US$8.51 billion (2021)
- General government final consumption expenditure (current US$) — US$11.79 billion (2025)
- General government final consumption expenditure (current LCU) — 20.05 billion (2025)
- General government final consumption expenditure (% of GDP) — 15.53% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$45.08 billion (2025)
- Households and NPISHs final consumption expenditure (current LCU) — 76.64 billion (2025)
Reading data like this
Questions people ask
- What is Azerbaijan's insurance and financial services (% of service exports, BoP)?
- 2.96% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 2.82 percentage points from 0.14% in 1995. The highest value was 2.96% in 2025 and the lowest 0.14% in 1995.
- How does Azerbaijan rank?
- 67th highest of 130 economies with data for 2025.
- Is the latest change in insurance and financial services (% of service exports, BoP) unusual for Azerbaijan?
- In 2025, Azerbaijan's insurance and financial services (% of service exports, BoP) rose 0.99 percentage points on 2024 (from 1.97% to 2.96%). Across the 24 yearly changes before that (1996 to 2024), the average change was +0.08 percentage points and a typical year strayed about 0.46 percentage points from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator BX.GSR.INSF.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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