Insurance and financial services in Sudan
Sudan: Insurance and financial services was 0.2% in 2022. ◆ Volatile
Insurance and financial services in Sudan, 1977–2022
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 Sudan is 0.2%, measured in 2022.
Compared with earlier readings it is down 83.3% on the previous year and down 88.2% over ten years.
Over the whole period, insurance and financial services in Sudan peaked at 16.9% in 2008 and was at its lowest, 0.2%, in 1978.
Sudan ranks 172nd 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 Sudan, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1977 | 0.3% | — |
| 1978 | 0.2% | -38.4% |
| 1979 | 0.9% | +409.7% |
| 1980 | 0.5% | -47.2% |
| 1981 | 0.5% | +10.0% |
| 1982 | 0.3% | -33.6% |
| 1983 | 0.3% | -3.8% |
| 1984 | 0.4% | +17.6% |
| 1985 | 0.3% | -11.1% |
| 1986 | 0.6% | +67.0% |
| 1987 | 0.9% | +63.2% |
| 1988 | 1.5% | +61.1% |
| 1989 | 0.4% | -73.3% |
| 1990 | 0.4% | -5.7% |
| 1991 | 0.8% | +110.4% |
| 1992 | 0.3% | -64.9% |
| 1993 | 1.4% | +409.2% |
| 1994 | 0.9% | -36.2% |
| 1995 | 2.4% | +160.6% |
| 2001 | 7.5% | +214.7% |
| 2002 | 0.3% | -95.7% |
| 2003 | 2.3% | +599.3% |
| 2004 | 1.9% | -14.3% |
| 2005 | 8.7% | +346.4% |
| 2006 | 9.2% | +5.5% |
| 2007 | 5.3% | -42.4% |
| 2008 | 16.9% | +219.9% |
| 2009 | 4.1% | -75.8% |
| 2010 | 5.9% | +42.8% |
| 2011 | 1.6% | -73.4% |
| 2012 | 2.0% | +31.2% |
| 2013 | 0.7% | -68.0% |
| 2014 | 0.2% | -69.3% |
| 2015 | 0.7% | +262.0% |
| 2016 | 0.8% | +9.5% |
| 2017 | 0.4% | -45.0% |
| 2018 | 0.2% | -59.7% |
| 2019 | 0.2% | +41.5% |
| 2020 | 1.0% | +281.7% |
| 2021 | 1.4% | +51.3% |
| 2022 | 0.2% | -83.3% |
Sudan compared with similar countries
- Sudan's 0.2% is below the median for low income countries, which is 2.5%, 10% of the median. (21 countries reporting)
- Sudan's 0.2% is below the median for Sub-Saharan Africa, which is 3.1%, 8% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Sudan 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 |
|---|---|---|---|
| 2003 | +599.3% | 0.3% | 2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.5% | 0.2% | 0.9% | 3 |
| 1980s | 0.6% | 0.3% | 1.5% | 10 |
| 1990s | 1.0% | 0.3% | 2.4% | 6 |
| 2000s | 6.3% | 0.3% | 16.9% | 9 |
| 2010s | 1.3% | 0.2% | 5.9% | 10 |
| 2020s | 0.9% | 0.2% | 1.4% | 3 |
Countries ranked near Sudan
- 169 Cambodia 0.3% compare
- 170 Zimbabwe 0.3% compare
- 171 Fiji 0.3% compare
- 173 New Zealand 0.2% compare
- 174 Seychelles 0.2% compare
- 175 Republic of Moldova 0.2% compare
More economy & growth data for Sudan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.1 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 54.24 million BoP, current US$ (2021)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0016 BoP, current US$ per US$ of GDP (2021)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1.13 BoP, current US$ per person (2021)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 548.20 million BoP, current US$ (2023)
- Foreign direct investment, net inflows (BoP, current US$), annual -4.41 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0137 BoP, current US$ per US$ of GDP (2023)
- Foreign direct investment, net inflows (BoP, current US$), per capita 10.95 BoP, current US$ per person (2023)
- Total reserves (includes gold, current US$), annual growth rate 5.73 % change on previous year (2017)
Frequently asked questions
- What is insurance and financial services in Sudan?
- Insurance and financial services in Sudan was 0.2% in 2022, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Sudan?
- The highest recorded value was 16.9% in 2008.
- What is the lowest insurance and financial services recorded in Sudan?
- The lowest recorded value was 0.2% in 1978.
- How does Sudan rank for insurance and financial services?
- Sudan ranks 172nd out of 190 countries with data for 2022.
- Is insurance and financial services rising or falling in Sudan?
- Over the last ten years it is down 88.2%. The long-run trend across the full record is volatile.
- Where does this Sudan 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.
Download this data
CSV · JSON — 41 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.