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

Insurance and financial services as a percentage of service imports from the balance of payment reached 3.71 % in 2018 in Guinea Bissau, according to the National Central Bank / OECD. This is 57.6 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Guinea Bissau reached an all time high of 6.42 % in 2011 and an all time low of 0.158 % in 2001. When compared to Guinea Bissau's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Gambia amounted to 11.9 %, 10.2 % in Guinea, 2.35 % in Mali and 8.94 % in Senegal in 2018.

Guinea Bissau has been ranked 110th 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, 20 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.