Insurance and financial services in Seychelles
Seychelles: Insurance and financial services was 0.2% in 2013. ◆ Volatile
Insurance and financial services in Seychelles, 1981–2013
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
The most recent figure for insurance and financial services in Seychelles is 0.2%, measured in 2013.
Compared with earlier readings it is up 177.8% on the previous year and down 53.2% over ten years.
Over the whole period, insurance and financial services in Seychelles peaked at 3.1% in 1997 and was at its lowest, 0.0%, in 1982.
Seychelles ranks 174th 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 Seychelles, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1981 | 0.0% | — |
| 1982 | 0.0% | -58.4% |
| 1983 | 0.0% | +157.6% |
| 1984 | 0.0% | +211.4% |
| 1985 | 0.0% | -29.0% |
| 1986 | 0.0% | +28.2% |
| 1987 | 0.0% | -45.7% |
| 1993 | 0.8% | +3284.1% |
| 1994 | 0.7% | -9.7% |
| 1995 | 0.8% | +4.7% |
| 1996 | 1.3% | +72.8% |
| 1997 | 3.1% | +138.7% |
| 1998 | 1.6% | -49.2% |
| 1999 | 0.4% | -74.0% |
| 2000 | 0.4% | -2.3% |
| 2001 | 1.0% | +152.8% |
| 2002 | 0.9% | -15.4% |
| 2003 | 0.5% | -45.1% |
| 2004 | 0.4% | -6.7% |
| 2005 | 1.0% | +121.5% |
| 2006 | 0.2% | -79.0% |
| 2007 | 0.6% | +169.7% |
| 2008 | 0.4% | -22.2% |
| 2009 | 0.3% | -37.5% |
| 2010 | 0.1% | -70.4% |
| 2013 | 0.2% | +177.8% |
Seychelles compared with similar countries
- Seychelles's 0.2% is below the median for high income countries, which is 5.3%, 4% of the median. (69 countries reporting)
- Seychelles's 0.2% is below the median for Sub-Saharan Africa, which is 3.1%, 7% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Seychelles 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 |
|---|---|---|---|
| 1993 | +3284.1% | 0.0% | 0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0% | 0.0% | 0.0% | 7 |
| 1990s | 1.2% | 0.4% | 3.1% | 7 |
| 2000s | 0.6% | 0.2% | 1.0% | 10 |
| 2010s | 0.2% | 0.1% | 0.2% | 2 |
Countries ranked near Seychelles
More economy & growth data for Seychelles
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.59 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -41.42 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0186 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -341.28 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 226.13 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -5.66 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1015 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,863 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 13.31 % change on previous year (2024)
Frequently asked questions
- What is insurance and financial services in Seychelles?
- Insurance and financial services in Seychelles was 0.2% in 2013, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Seychelles?
- The highest recorded value was 3.1% in 1997.
- What is the lowest insurance and financial services recorded in Seychelles?
- The lowest recorded value was 0.0% in 1982.
- How does Seychelles rank for insurance and financial services?
- Seychelles ranks 174th out of 190 countries with data for 2013.
- Is insurance and financial services rising or falling in Seychelles?
- Over the last ten years it is down 53.2%. The long-run trend across the full record is volatile.
- Where does this Seychelles 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.