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

Insurance and financial services as a percentage of service imports from the balance of payment reached 9.75 % in 2015 in Senegal, according to the National Central Bank / OECD. This is 0.799 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Senegal reached an all time high of 14.1 % in 2001 and an all time low of 4.26 % in 1993. When compared to Senegal's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Gambia amounted to 7.00 %, 18.8 % in Guinea, 1.89 % in Mali and 1.35 % in Mauritania in 2015.

Senegal has been ranked 44th within the group of 160 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 14 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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