Africa Eastern and Southern: Insurance and financial services (% of service imports, BoP)

Key figures

What the numbers say

In 2025, Africa Eastern and Southern's insurance and financial services (% of service imports, BoP) fell 1.26 percentage points on 2024 (from 8.23% to 6.97%).

Across the 30 yearly changes before that (1995 to 2024), the average change was +0.06 percentage points and a typical year strayed about 0.95 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations below 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 1.99 percentage points in 1995 and the biggest yearly fall was 2.38 percentage points in 1996. 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 0.23 percentage points a year. A straight line explains 62% 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

See how every economy compares in the full 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 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 49 values

Insurance and financial services (% of service imports, BoP) in nearby economies

• Afghanistan — 1.32% (2020)
• Algeria — 2.03% (2025)
• Bahrain — 33.83% (2025)
• Djibouti — 2.56% (2024)
• Egypt, Arab Rep. — 10.95% (2025)
• Iraq — 21.21% (2025)
• Israel — 1.32% (2025)
• Jordan — 11.27% (2024)
• Kuwait — 8.63% (2025)

More economic policy & debt data for Africa Eastern and Southern

• Charges for the use of intellectual property, payments (BoP, current US$) — US$2.18 billion (2025)
• Portfolio equity, net inflows (BoP, current US$) — −US$1.24 billion (2025)
• GDP (current US$) — US$1.36 trillion (2025)
• GDP (constant 2015 US$) — US$1.14 trillion (2025)
• GDP per capita (current US$) — US$1,722 (2025)
• GDP per capita (constant 2015 US$) — US$1,449 (2025)
• GNI (current US$) — US$1.33 trillion (2025)
• GDP (annual % growth) — 3.74% (2025)
• GDP per capita (annual % growth)

Reading data like this

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Questions people ask

What is Africa Eastern and Southern's insurance and financial services (% of service imports, BoP)?

6.97% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1977?

It is down 2.81 percentage points from 9.78% in 1977. The highest value was 9.78% in 1977 and the lowest 3.8% in 2012.

Is the latest change in insurance and financial services (% of service imports, BoP) unusual for Africa Eastern and Southern?

In 2025, Africa Eastern and Southern's insurance and financial services (% of service imports, BoP) fell 1.26 percentage points on 2024 (from 8.23% to 6.97%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.06 percentage points and a typical year strayed about 0.95 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations below 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 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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