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

Insurance and financial services as a percentage of service imports from the balance of payment reached 8.49 % in 2017 in Sierra Leone, according to the National Central Bank / OECD. This is 49.7 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Sierra Leone reached an all time high of 17.5 % in 1983 and an all time low of 1.75 % in 1999. When compared to Sierra Leone's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Burkina Faso amounted to 16.7 %, 12.8 % in Guinea, 15.3 % in Liberia and 2.83 % in Mali in 2017.

Sierra Leone has been ranked 51st 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, 8 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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