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

Insurance and financial services as a percentage of service exports from the balance of payment reached 2.01 % in 2015 in Senegal, according to the National Central Bank / OECD. This is 4.85 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Senegal reached an all time high of 3.15 % in 1977 and an all time low of 0.236 % in 1981. When compared to Senegal's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Gambia amounted to 0.183 %, 4.36 % in Guinea, 2.05 % in Mali and 0.916 % in Mauritania in 2015.

Senegal has been ranked 89th within the group of 155 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 11 places behind 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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