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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 96.3 % in 2018 in Liberia, according to the National Central Bank / OECD. This is 2,610 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Liberia reached an all time high of 96.3 % in 2018 and an all time low of 2.23 % in 2014. When compared to Liberia's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Ghana amounted to 0.521 %, 16.8 % in Guinea, 2.21 % in Ivory Coast and 5.02 % in Sierra Leone in 2018.

Liberia has been ranked 1st within the group of 153 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment.

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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