Zimbabwe: Insurance and financial services (% of service imports, BoP)

Key figures

Over five years it is down 5.44 percentage points from 12.41% in 2019. Since 1977 it is up 4.26 percentage points from 2.71% in 1977. The World Bank has no value for 22 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2024, Zimbabwe's insurance and financial services (% of service imports, BoP) fell 0.17 percentage points on 2023 (from 7.14% to 6.97%).

Across the 23 yearly changes before that (1978 to 2023), the average change was −0.08 percentage points and a typical year strayed about 1.04 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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 2.73 percentage points in 2019 and the biggest yearly fall was 1.85 percentage points in 1985. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2017 to 2024 the straight-line trend is downward, about 0.46 percentage points a year. A straight line explains 33% of the movement over 8 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, Zimbabwe had the 14th 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.

Closest to Zimbabwe in the 2024 ranking

• Guinea — 11th of 27: 7.94%
• Tanzania — 12th of 27: 7.78%
• Fiji — 13th of 27: 7.75%
• Mauritius — 15th of 27: 6.57%
• Haiti — 16th of 27: 4.39%
• Mali — 17th of 27: 4.03%

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 26 values

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 Zimbabwe

• Gross Value Added (GVA) at basic prices (current US$) — US$48.51 billion (2025)
• Gross Value Added (GVA) at basic prices (current LCU) — 1.54 trillion (2025)
• GDP (current US$) — US$51.22 billion (2025)
• GDP (current LCU) — 1.63 trillion (2025)
• GDP (constant 2015 US$) — US$25.48 billion (2025)
• GDP (constant LCU) — 74.26 billion (2025)
• GDP per capita (current US$) — US$3,021 (2025)
• GDP per capita (current LCU) — 96,071 (2025)
• GDP per capita (constant 2015 US$) — US$1,503 (2025)
• GDP per capita (constant LCU) — 4,381 (2025)
• GNI (current US$)

Reading data like this

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Questions people ask

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

6.97% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1977?

It is up 4.26 percentage points from 2.71% in 1977. The highest value was 12.41% in 2019 and the lowest 2.16% in 1985.

How does Zimbabwe rank?

14th highest of 27 economies with data for 2024.

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

In 2024, Zimbabwe's insurance and financial services (% of service imports, BoP) fell 0.17 percentage points on 2023 (from 7.14% to 6.97%). Across the 23 yearly changes before that (1978 to 2023), the average change was −0.08 percentage points and a typical year strayed about 1.04 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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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