Insurance and Financial Services (As % of Service Exports, BoP) in Burkina Faso

Insurance and financial services as a percentage of service exports from the balance of payment reached 17.7 % in 2017 in Burkina Faso, according to the National Central Bank / OECD. This is 3.95 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Burkina Faso reached an all time high of 26.8 % in 2012 and an all time low of 1.44 % in 2009. When compared to Burkina Faso's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Ghana amounted to 0.553 %, 1.19 % in Ivory Coast, 0.992 % in Mali and 1.04 % in Niger in 2017.

Burkina Faso has been ranked 12th within the group of 149 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 4 places above the position seen 10 years ago.

Insurance and financial services cover various types of insurance provided to non-residents 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 non-residents.

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