South Sudan's insurance and financial services (% of service imports, BoP) was 0.93% in 2023, the latest year in the World Bank's World Development Indicators. That is down 0.96 percentage points from 1.9% in 2018.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 0.93% | 2023 |
| Five years earlier | 1.9% | 2018 |
| Highest | 17.86% | 2014 |
| Lowest | 0.87% | 2021 |
| Average since 2014 | 6.62% | 2014–2023 |
| First recorded | 17.86% | 2014 |
Over five years it is down 0.96 percentage points from 1.9% in 2018. Since 2014 it is down 16.93 percentage points from 17.86% in 2014.
What the numbers say
In 2023, South Sudan's insurance and financial services (% of service imports, BoP) fell 1.34 percentage points on 2022 (from 2.28% to 0.93%).
Across the 8 yearly changes before that (2015 to 2022), the average change was −1.95 percentage points and a typical year strayed about 5.5 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 7.1 percentage points in 2016 and the biggest yearly fall was 10.23 percentage points in 2018. 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 the straight-line trend is downward, about 1.98 percentage points a year. A straight line explains 71% 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 2023, South Sudan had the 13th 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 | |
|---|---|---|
| South Sudan | 0.93% | 2023 |
| World | 9.53% | 2025 |
| Sub-Saharan Africa | 8.42% | 2025 |
| Low income | 10.18% | 2024 |
Closest to South Sudan in the 2023 ranking
- Benin — 9th of 13: 2.66%
- Sint Maarten (Dutch part) — 10th of 13: 2%
- Guyana — 11th of 13: 1.16%
- Mauritania — 13th of 13: 0.04%
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 10 values
| Year | Insurance and financial services (% of service imports, BoP) |
|---|---|
| 2023 | 0.9311 |
| 2022 | 2.28 |
| 2021 | 0.8663 |
| 2020 | 1.13 |
| 2019 | 1.07 |
| 2018 | 1.9 |
| 2017 | 12.13 |
| 2016 | 17.58 |
| 2015 | 10.49 |
| 2014 | 17.86 |
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 South Sudan
- Adjusted savings, education expenditure (% of GNI) — 1.76% (2021)
- Adjusted savings, mineral depletion (current US$) — US$7.23 million (2021)
- Adjusted savings, carbon dioxide damage (current US$) — US$80.65 million (2021)
- Adjusted savings, energy depletion (current US$) — US$993.1 million (2021)
- Foreign direct investment, net inflows (BoP, current US$) — US$73 million (2025)
- Grants, excluding technical cooperation (BoP, current US$) — US$1.62 billion (2023)
- Technical cooperation grants (BoP, current US$) — US$116.09 million (2023)
- Net bilateral aid flows from DAC donors, Australia (current US$) — US$2.12 million (2023)
Reading data like this
Questions people ask
- What is South Sudan's insurance and financial services (% of service imports, BoP)?
- 0.93% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2014?
- It is down 16.93 percentage points from 17.86% in 2014. The highest value was 17.86% in 2014 and the lowest 0.87% in 2021.
- How does South Sudan rank?
- 13th highest of 13 economies with data for 2023.
- Is the latest change in insurance and financial services (% of service imports, BoP) unusual for South Sudan?
- In 2023, South Sudan's insurance and financial services (% of service imports, BoP) fell 1.34 percentage points on 2022 (from 2.28% to 0.93%). Across the 8 yearly changes before that (2015 to 2022), the average change was −1.95 percentage points and a typical year strayed about 5.5 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
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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