Comoros's insurance and financial services (% of service imports, BoP) was 6.49% in 2023, the latest year in the World Bank's World Development Indicators. That is down 1.75 percentage points from 8.24% in 2018.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 6.49% | 2023 |
| Five years earlier | 8.24% | 2018 |
| Highest | 12.1% | 2012 |
| Lowest | 2.03% | 1986 |
| Average since 2014 | 8.2% | 2014–2023 |
| First recorded | 5.63% | 1980 |
Over five years it is down 1.75 percentage points from 8.24% in 2018. Since 1980 it is up 0.86 percentage points from 5.63% in 1980. The World Bank has no value for 12 of the years in between; the chart leaves those gaps open rather than joining across them.
What the numbers say
In 2023, Comoros' insurance and financial services (% of service imports, BoP) fell 1.9 percentage points on 2022 (from 8.39% to 6.49%).
Across the 28 yearly changes before that (1981 to 2022), the average change was −0.01 percentage points and a typical year strayed about 0.81 percentage points from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 1 percentage points in 2009 and the biggest yearly fall was 2.68 percentage points in 1981. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 there is no clear straight-line trend: a straight line explains 15% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Comoros had the 4th highest value of the 13 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 | |
|---|---|---|
| Comoros | 6.49% | 2023 |
| World | 9.53% | 2025 |
| Sub-Saharan Africa | 8.42% | 2025 |
| Lower middle income | 5.23% | 2025 |
Closest to Comoros in the 2023 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 32 values
| Year | Insurance and financial services (% of service imports, BoP) |
|---|---|
| 2023 | 6.49 |
| 2022 | 8.39 |
| 2021 | 9.35 |
| 2020 | 8.39 |
| 2019 | 7.54 |
| 2018 | 8.24 |
| 2017 | 7.99 |
| 2016 | 8.16 |
| 2015 | 8.15 |
| 2014 | 9.3 |
| 2013 |
Insurance and financial services (% of service imports, BoP) in nearby economies
- Angola — 6.83% (2025)
- Benin — 2.66% (2023)
- Botswana — 0.57% (2025)
- Burkina Faso — 16.1% (2024)
- Burundi — 10.15% (2025)
- Cabo Verde — 3.51% (2025)
- Cameroon — 9.24% (2024)
- Congo, Dem. Rep. — 18.25% (2025)
- Congo, Rep. — 2.05% (2021)
More economic policy & debt data for Comoros
- Grants, excluding technical cooperation (BoP, current US$) — US$116.12 million (2023)
- Technical cooperation grants (BoP, current US$) — US$20.29 million (2023)
- Net bilateral aid flows from DAC donors, France (current US$) — US$40.43 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$55.21 million (2023)
- Net official development assistance and official aid received (current US$) — US$166.35 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$166.35 million (2023)
- Net official development assistance received (current US$) — US$166.35 million (2023)
- Net official development assistance received (constant 2023 US$)
Reading data like this
Questions people ask
- What is Comoros's insurance and financial services (% of service imports, BoP)?
- 6.49% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is up 0.86 percentage points from 5.63% in 1980. The highest value was 12.1% in 2012 and the lowest 2.03% in 1986.
- How does Comoros rank?
- 4th highest of 13 economies with data for 2023.
- Is the latest change in insurance and financial services (% of service imports, BoP) unusual for Comoros?
- In 2023, Comoros' insurance and financial services (% of service imports, BoP) fell 1.9 percentage points on 2022 (from 8.39% to 6.49%). Across the 28 yearly changes before that (1981 to 2022), the average change was −0.01 percentage points and a typical year strayed about 0.81 percentage points from that (the standard deviation). This year's change was 2.3 standard deviations below 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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