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

Insurance and financial services as a percentage of service imports from the balance of payment reached 16.7 % in 2017 in Burkina Faso, according to the National Central Bank / OECD. This is 10.1 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Burkina Faso reached an all time high of 20.5 % in 2012 and an all time low of 12.0 % in 2010. When compared to Burkina Faso's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Ghana amounted to 1.17 %, 4.24 % in Ivory Coast, 2.83 % in Mali and 1.21 % in Niger in 2017.

Burkina Faso has been ranked 13th within the group of 155 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 2 places behind the position seen 10 years ago.

Insurance and financial services (% of service imports, BoP) cover various types of insurance provided to residents by non-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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