Insurance and financial services in Afghanistan
Afghanistan: Insurance and financial services was 0.4% in 2020. ◆ Volatile
Insurance and financial services in Afghanistan, 2008–2020
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2020, insurance and financial services in Afghanistan stood at 0.4%. That is the lowest value across all 13 years on record.
That represents a change of down 40.0% on the previous year and down 93.5% over ten years.
Over the whole period, insurance and financial services in Afghanistan peaked at 12.3% in 2014 and was at its lowest, 0.4%, in 2020.
Afghanistan ranks 164th of 190 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Afghanistan, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2008 | 8.2% | — |
| 2009 | 8.6% | +4.3% |
| 2010 | 5.6% | -34.0% |
| 2011 | 10.3% | +82.4% |
| 2012 | 8.3% | -19.3% |
| 2013 | 5.8% | -29.8% |
| 2014 | 12.3% | +110.3% |
| 2015 | 7.2% | -41.2% |
| 2016 | 3.9% | -46.5% |
| 2017 | 1.7% | -56.4% |
| 2018 | 0.7% | -58.8% |
| 2019 | 0.6% | -11.1% |
| 2020 | 0.4% | -40.0% |
Afghanistan compared with similar countries
- Afghanistan's 0.4% is below the median for low income countries, which is 2.5%, 15% of the median. (21 countries reporting)
- Afghanistan's 0.4% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.4%, 15% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.4% | 8.2% | 8.6% | 2 |
| 2010s | 5.6% | 0.6% | 12.3% | 10 |
| 2020s | 0.4% | 0.4% | 0.4% | 1 |
Countries ranked near Afghanistan
- 161 New Caledonia 0.5% compare
- 162 Congo, Democratic Republic of the 0.4% compare
- 163 Bosnia and Herzegovina 0.4% compare
- 165 Albania 0.3% compare
- 166 Cape Verde 0.3% compare
- 167 Jamaica 0.3% compare
More economy & growth data for Afghanistan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP -8.59 Percent per annum (2022)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP -6.24 Percent per annum (2022)
- Foreign direct investment, net outflows (BoP, current US$), gaps 30.79 million BoP, current US$ (2021)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0022 BoP, current US$ per US$ of GDP (2021)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.7698 BoP, current US$ per person (2021)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 20.60 million BoP, current US$ (2021)
- Foreign direct investment, net inflows (BoP, current US$), annual 58.83 % change on previous year (2021)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0014 BoP, current US$ per US$ of GDP (2021)
- Foreign direct investment, net inflows (BoP, current US$), per capita 0.515 BoP, current US$ per person (2021)
- Total reserves (includes gold, current US$), annual growth rate 14.73 % change on previous year (2020)
Frequently asked questions
- What is insurance and financial services in Afghanistan?
- Insurance and financial services in Afghanistan was 0.4% in 2020, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Afghanistan?
- The highest recorded value was 12.3% in 2014.
- What is the lowest insurance and financial services recorded in Afghanistan?
- The lowest recorded value was 0.4% in 2020.
- How does Afghanistan rank for insurance and financial services?
- Afghanistan ranks 164th out of 190 countries with data for 2020.
- Is insurance and financial services rising or falling in Afghanistan?
- Over the last ten years it is down 93.5%. The long-run trend across the full record is volatile.
- Where does this Afghanistan data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.