Insurance and financial services in Central African Republic
Central African Republic: Insurance and financial services was 7.9% in 1994. ▲ Rising
Insurance and financial services in Central African Republic, 1977–1994
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 1994, insurance and financial services in Central African Republic stood at 7.9%.
That represents a change of down 0.2% on the previous year and up 17.6% over ten years.
Over the whole period, insurance and financial services in Central African Republic peaked at 8.9% in 1991 and was at its lowest, 4.7%, in 1980.
That places Central African Republic 74th out of 197 countries with data for 1994, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Insurance and financial services in Central African Republic, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1977 | 6.7% | — |
| 1978 | 5.4% | -19.5% |
| 1979 | 5.3% | -1.3% |
| 1980 | 4.7% | -11.3% |
| 1981 | 5.8% | +22.2% |
| 1982 | 5.1% | -11.5% |
| 1983 | 5.1% | -0.9% |
| 1984 | 6.7% | +33.0% |
| 1985 | 6.9% | +2.9% |
| 1986 | 7.7% | +10.9% |
| 1987 | 7.8% | +1.4% |
| 1988 | 7.3% | -6.7% |
| 1989 | 7.5% | +3.1% |
| 1990 | 8.8% | +17.4% |
| 1991 | 8.9% | +1.1% |
| 1992 | 8.4% | -5.8% |
| 1993 | 7.9% | -5.4% |
| 1994 | 7.9% | -0.2% |
Central African Republic compared with similar countries
- Central African Republic's 7.9% is above the median for low income countries, which is 4.1%, 1.9× the median. (22 countries reporting)
- Central African Republic's 7.9% is above the median for Sub-Saharan Africa, which is 6.5%, 1.2× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.8% | 5.3% | 6.7% | 3 |
| 1980s | 6.5% | 4.7% | 7.8% | 10 |
| 1990s | 8.4% | 7.9% | 8.9% | 5 |
Countries ranked near Central African Republic
More economy & growth data for Central African Republic
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP -0.5324 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.55 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1,290 BoP, current US$ (2002)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2002)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.0003 BoP, current US$ per person (2002)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 40.41 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 4.29 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0147 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 7.58 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 2.02 % change on previous year (2024)
Frequently asked questions
- What is insurance and financial services in Central African Republic?
- Insurance and financial services in Central African Republic was 7.9% in 1994, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Central African Republic?
- The highest recorded value was 8.9% in 1991.
- What is the lowest insurance and financial services recorded in Central African Republic?
- The lowest recorded value was 4.7% in 1980.
- How does Central African Republic rank for insurance and financial services?
- Central African Republic ranks 74th out of 197 countries with data for 1994.
- Is insurance and financial services rising or falling in Central African Republic?
- Over the last ten years it is up 17.6%. The long-run trend across the full record is rising.
- Where does this Central African Republic 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 imports, 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 imports which are services provided by non-residents to residents.