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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 16.6 % in 2019 in Burkina Faso, according to the National Central Bank / OECD. This is 0.258 % 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 % in. 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 0.853 %, 3.82 % in Ivory Coast and 1.11 % in Niger in 2019.

Burkina Faso has been ranked 10th within the group of 151 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 2 places above 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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