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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 11.9 % in 2018 in Gambia, according to the National Central Bank / OECD. This is 46.0 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Gambia reached an all time high of 12.4 % in 2012 and an all time low of 3.85 % in 1987. When compared to Gambia's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Guinea Bissau amounted to 3.71 %, 2.35 % in Mali, 0.575 % in Mauritania and 8.94 % in Senegal in 2018.

Gambia has been ranked 26th within the group of 158 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 32 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.

$2.99

Buy Insurance and Financial Services (As % of Service Imports, BoP) data for Gambia.

from $199/month

Buy annual subscriptions for all our products.