Kyrgyz Republic's insurance and financial services (% of service imports, BoP) was 11.66% in 2024, the latest year in the World Bank's World Development Indicators. That is up 9.63 percentage points from 2.03% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 11.66% | 2024 |
| Five years earlier | 2.29% | 2019 |
| Ten years earlier | 2.03% | 2014 |
| Highest | 14.88% | 2002 |
| Lowest | 1.88% | 2012 |
| Average since 2015 | 3.95% | 2015–2024 |
| First recorded | 7.58% | 1993 |
What the numbers say
In 2024, Kyrgyz Republic's insurance and financial services (% of service imports, BoP) rose 6.13 percentage points on 2023 (from 5.53% to 11.66%).
Across the 30 yearly changes before that (1994 to 2023), the average change was −0.07 percentage points and a typical year strayed about 2.08 percentage points from that (the standard deviation). This year's change was 3.0 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 6.13 percentage points in 2024 and the biggest yearly fall was 4.99 percentage points in 2005. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 0.62 percentage points a year. A straight line explains 42% 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 2024, Kyrgyz Republic had the 4th highest value of the 27 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 | |
|---|---|---|
| Kyrgyz Republic | 11.66% | 2024 |
| World | 9.53% | 2025 |
| Europe & Central Asia | 8.75% | 2025 |
| Lower middle income | 5.23% | 2025 |
Closest to Kyrgyz Republic in the 2024 ranking
- Burkina Faso — 1st of 27: 16.1%
- Nicaragua — 2nd of 27: 15.95%
- Ethiopia — 3rd of 27: 13.28%
- Bahamas, The — 5th of 27: 11.28%
- Jordan — 6th of 27: 11.27%
- Bhutan — 7th of 27: 11%
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 imports which are services provided by non-residents to residents.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 32 values
| Year | Insurance and financial services (% of service imports, BoP) |
|---|---|
| 2024 | 11.66 |
| 2023 | 5.53 |
| 2022 | 3.05 |
| 2021 | 2.99 |
| 2020 | 2.95 |
| 2019 | 2.29 |
| 2018 | 2.01 |
| 2017 | 4.04 |
| 2016 | 2.32 |
| 2015 | 2.63 |
| 2014 |
Insurance and financial services (% of service imports, BoP) in nearby economies
- Albania — 3.24% (2025)
- Armenia — 8.84% (2025)
- Austria — 4.27% (2025)
- Azerbaijan — 2.69% (2025)
- Belarus — 3.82% (2021)
- Belgium — 9.02% (2025)
- Bosnia and Herzegovina — 4.53% (2025)
- Bulgaria — 6.31% (2025)
- Croatia — 5.15% (2025)
More economic policy & debt data for Kyrgyz Republic
- Adjusted savings, education expenditure (% of GNI) — 5.29% (2021)
- Adjusted savings, mineral depletion (current US$) — US$723.69 million (2021)
- Adjusted savings, energy depletion (current US$) — US$1.06 million (2021)
- GDP (constant 2015 US$) — US$11.42 billion (2025)
- GDP (constant LCU) — 943.11 billion (2025)
- GDP per capita (constant 2015 US$) — US$1,555 (2025)
- GDP per capita (constant LCU) — 128,435 (2025)
- General government final consumption expenditure (current LCU) — 241.37 billion (2025)
- General government final consumption expenditure (% of GDP)
Reading data like this
Questions people ask
- What is Kyrgyz Republic's insurance and financial services (% of service imports, BoP)?
- 11.66% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1993?
- It is up 4.08 percentage points from 7.58% in 1993. The highest value was 14.88% in 2002 and the lowest 1.88% in 2012.
- How does Kyrgyz Republic rank?
- 4th highest of 27 economies with data for 2024.
- Is the latest change in insurance and financial services (% of service imports, BoP) unusual for Kyrgyz Republic?
- In 2024, Kyrgyz Republic's insurance and financial services (% of service imports, BoP) rose 6.13 percentage points on 2023 (from 5.53% to 11.66%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.07 percentage points and a typical year strayed about 2.08 percentage points from that (the standard deviation). This year's change was 3.0 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator BM.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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