Insurance and financial services in Gabon
Gabon: Insurance and financial services was 1.1% in 2015. ◆ Volatile
Insurance and financial services in Gabon, 1978–2015
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Gabon recorded 1.1% for insurance and financial services in 2015.
Compared with earlier readings it is down 38.2% on the previous year and down 94.3% over ten years.
Over the whole period, insurance and financial services in Gabon peaked at 36.6% in 2009 and was at its lowest, 0.4%, in 2000.
That places Gabon 138th out of 190 countries with data for 2015, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Gabon, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1978 | 9.3% | — |
| 1979 | 9.8% | +5.2% |
| 1980 | 5.6% | -43.3% |
| 1981 | 5.2% | -6.1% |
| 1982 | 8.5% | +63.5% |
| 1983 | 6.1% | -28.4% |
| 1984 | 3.8% | -38.0% |
| 1985 | 9.7% | +155.5% |
| 1986 | 5.1% | -47.7% |
| 1987 | 6.8% | +33.8% |
| 1988 | 4.1% | -39.4% |
| 1989 | 3.5% | -15.5% |
| 1990 | 5.1% | +46.8% |
| 1991 | 3.2% | -37.7% |
| 1992 | 3.3% | +2.8% |
| 1993 | 1.8% | -44.3% |
| 1994 | 5.4% | +198.1% |
| 1995 | 2.9% | -46.3% |
| 1996 | 4.3% | +48.3% |
| 1997 | 5.5% | +27.9% |
| 1998 | 2.6% | -53.0% |
| 1999 | 4.4% | +71.5% |
| 2000 | 0.4% | -90.1% |
| 2001 | 14.0% | +3075.5% |
| 2002 | 26.5% | +89.6% |
| 2003 | 30.6% | +15.4% |
| 2004 | 15.0% | -50.9% |
| 2005 | 19.9% | +32.7% |
| 2007 | 23.6% | +18.5% |
| 2008 | 0.8% | -96.6% |
| 2009 | 36.6% | +4484.5% |
| 2010 | 17.6% | -51.9% |
| 2011 | 3.9% | -77.9% |
| 2012 | 2.3% | -40.3% |
| 2013 | 1.6% | -32.5% |
| 2014 | 1.8% | +17.0% |
| 2015 | 1.1% | -38.2% |
Gabon compared with similar countries
- Gabon's 1.1% is below the median for upper middle income countries, which is 1.8%, 63% of the median. (53 countries reporting)
- Gabon's 1.1% is below the median for Sub-Saharan Africa, which is 3.1%, 37% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Gabon changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +4484.5% | 0.8% | 36.6% |
| 2001 | +3075.5% | 0.4% | 14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.5% | 9.3% | 9.8% | 2 |
| 1980s | 5.8% | 3.5% | 9.7% | 10 |
| 1990s | 3.9% | 1.8% | 5.5% | 10 |
| 2000s | 18.6% | 0.4% | 36.6% | 9 |
| 2010s | 4.7% | 1.1% | 17.6% | 6 |
Countries ranked near Gabon
- 135 Sri Lanka 1.1% compare
- 136 Croatia 1.1% compare
- 137 Colombia 1.1% compare
- 139 Montenegro 1.1% compare
- 140 Syrian Arab Republic 1.1% compare
- 141 Philippines 1.1% compare
More economy & growth data for Gabon
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.8121 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.63 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -33.78 million BoP, current US$ (2019)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.002 BoP, current US$ per US$ of GDP (2019)
- Foreign direct investment, net outflows (BoP, current US$), per capita -14.9 BoP, current US$ per person (2019)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.14 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -0.5362 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0548 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 450.8 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -55.87 % change on previous year (2024)
Frequently asked questions
- What is insurance and financial services in Gabon?
- Insurance and financial services in Gabon was 1.1% in 2015, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Gabon?
- The highest recorded value was 36.6% in 2009.
- What is the lowest insurance and financial services recorded in Gabon?
- The lowest recorded value was 0.4% in 2000.
- How does Gabon rank for insurance and financial services?
- Gabon ranks 138th out of 190 countries with data for 2015.
- Is insurance and financial services rising or falling in Gabon?
- Over the last ten years it is down 94.3%. The long-run trend across the full record is volatile.
- Where does this Gabon 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.