Insurance and Financial Services (As % of Service Exports, BoP) in Azerbaijan

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.533 % in 2018 in Azerbaijan, according to the National Central Bank / OECD. This is 41.0 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Azerbaijan reached an all time high of 1.56 % in 2006 and an all time low of 0 % in 1999. When compared to Azerbaijan's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Azerbaijan amounted to 0.533 %, 0.695 % in Georgia and 2.84 % in Russia in 2018.

Azerbaijan has been ranked 131st within the group of 153 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 9 places above the position seen 10 years ago.

Insurance and financial services cover various types of insurance provided to non-residents 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 non-residents.

$2.99

Buy Insurance and Financial Services (As % of Service Exports, BoP) data for Azerbaijan.

from $199/month

Buy annual subscriptions for all our products.