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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 6.12 % in 2018 in Sudan, according to the National Central Bank / OECD. This is 427 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Sudan reached an all time high of 13.6 % in 2014 and an all time low of -0.073 % in 1999. When compared to Sudan's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Egypt amounted to 10.7 %, 3.31 % in Ethiopia and 1.90 % in South Sudan in 2018.

Sudan has been ranked 74th 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, 17 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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