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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.71 % in 2018 in Kyrgyzstan, according to the National Central Bank / OECD. This is 139 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Kyrgyzstan reached an all time high of 3.73 % in 1998 and an all time low of 0.360 % in 2014. When compared to Kyrgyzstan's main peers, insurance and financial services as a percentage of service exports from the balance of payment in China amounted to 3.54 %, 1.27 % in Kazakhstan, 0.156 % in Tajikistan and 1.30 % in Uzbekistan in 2018.

Kyrgyzstan has been ranked 93rd 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, 18 places behind 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.

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