Mali's insurance and financial services (% of service imports, BoP) was 4.03% in 2024, the latest year in the World Bank's World Development Indicators. That is up 2.24 percentage points from 1.79% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 4.03% | 2024 |
| Five years earlier | 2.86% | 2019 |
| Ten years earlier | 1.79% | 2014 |
| Highest | 6.83% | 1981 |
| Lowest | 1.28% | 1995 |
| Average since 2015 | 2.59% | 2015–2024 |
| First recorded | 5.13% | 1975 |
What the numbers say
In 2024, Mali's insurance and financial services (% of service imports, BoP) rose 1.28 percentage points on 2023 (from 2.75% to 4.03%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.03 percentage points and a typical year strayed about 0.91 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations above 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 2.24 percentage points in 2000 and the biggest yearly fall was 2.84 percentage points in 1988. 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 0.15 percentage points a year. A straight line explains 49% 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, Mali had the 18th 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 | |
|---|---|---|
| Mali | 4.03% | 2024 |
| World | 9.53% | 2025 |
| Sub-Saharan Africa | 8.42% | 2025 |
| Low income | 10.18% | 2024 |
Closest to Mali in the 2024 ranking
- Zimbabwe — 14th of 27: 6.97%
- Mauritius — 15th of 27: 6.57%
- Haiti — 16th of 27: 4.39%
- Guinea-Bissau — 18th of 27: 3.9%
- Côte d'Ivoire — 19th of 27: 3.87%
- Rwanda — 20th of 27: 3.82%
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 50 values
| Year | Insurance and financial services (% of service imports, BoP) |
|---|---|
| 2024 | 4.03 |
| 2023 | 2.75 |
| 2022 | 2.39 |
| 2021 | 2.41 |
| 2020 | 2.63 |
| 2019 | 2.86 |
| 2018 | 2.35 |
| 2017 | 2.83 |
| 2016 | 1.75 |
| 2015 | 1.89 |
| 2014 |
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)
- Comoros — 6.49% (2023)
- Congo, Dem. Rep. — 18.25% (2025)
More economic policy & debt data for Mali
- Grants, excluding technical cooperation (BoP, current US$) — US$1.12 billion (2023)
- Technical cooperation grants (BoP, current US$) — US$119.74 million (2023)
- Net bilateral aid flows from DAC donors, European Union institutions (current US$) — US$131.69 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$873.86 million (2023)
- Net official development assistance and official aid received (current US$) — US$1.29 billion (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$1.29 billion (2023)
- Net official development assistance received (current US$) — US$1.29 billion (2023)
- Net official development assistance received (constant 2023 US$)
Reading data like this
Questions people ask
- What is Mali's insurance and financial services (% of service imports, BoP)?
- 4.03% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is down 1.1 percentage points from 5.13% in 1975. The highest value was 6.83% in 1981 and the lowest 1.28% in 1995.
- How does Mali rank?
- 18th highest of 27 economies with data for 2024.
- Is the latest change in insurance and financial services (% of service imports, BoP) unusual for Mali?
- In 2024, Mali's insurance and financial services (% of service imports, BoP) rose 1.28 percentage points on 2023 (from 2.75% to 4.03%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.03 percentage points and a typical year strayed about 0.91 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations above 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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