Insurance and financial services in Chad
Chad: Insurance and financial services was 1.3% in 1994. ▲ Rising
Insurance and financial services in Chad, 1977–1994
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Chad recorded 1.3% for insurance and financial services in 1994.
Compared with earlier readings it is down 72.8% on the previous year and down 72.9% over ten years.
Over the whole period, insurance and financial services in Chad peaked at 7.0% in 1991 and was at its lowest, 0.1%, in 1979.
Chad ranks 189th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Insurance and financial services in Chad, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1977 | 5.6% | — |
| 1978 | 5.3% | -5.7% |
| 1979 | 0.1% | -98.4% |
| 1980 | 0.7% | +758.2% |
| 1981 | 0.8% | +17.4% |
| 1982 | 2.1% | +147.3% |
| 1983 | 4.1% | +100.0% |
| 1984 | 4.9% | +19.0% |
| 1985 | 5.0% | +1.0% |
| 1986 | 6.0% | +20.1% |
| 1987 | 5.5% | -8.2% |
| 1988 | 5.4% | -1.7% |
| 1989 | 5.7% | +6.5% |
| 1990 | 4.3% | -24.2% |
| 1991 | 7.0% | +60.4% |
| 1992 | 4.9% | -30.0% |
| 1993 | 4.9% | +0.6% |
| 1994 | 1.3% | -72.8% |
Chad compared with similar countries
- Chad's 1.3% is below the median for low income countries, which is 4.1%, 32% of the median. (22 countries reporting)
- Chad's 1.3% is below the median for Sub-Saharan Africa, which is 6.5%, 21% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Chad 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 |
|---|---|---|---|
| 1980 | +758.2% | 0.1% | 0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.7% | 0.1% | 5.6% | 3 |
| 1980s | 4.0% | 0.7% | 6.0% | 10 |
| 1990s | 4.5% | 1.3% | 7.0% | 5 |
Countries ranked near Chad
- 186 Israel 1.4% compare
- 187 Eswatini 1.4% compare
- 188 Madagascar 1.4% compare
- 190 Afghanistan 1.3% compare
- 191 Guyana 1.2% compare
- 192 North Macedonia 1.1%
More economy & growth data for Chad
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP -0.2407 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.66 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -2.15 million BoP, current US$ (1999)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0014 BoP, current US$ per US$ of GDP (1999)
- Foreign direct investment, net outflows (BoP, current US$), per capita -0.2611 BoP, current US$ per person (1999)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.02 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 11.62 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0512 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 50.22 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 47.42 % change on previous year (2024)
Frequently asked questions
- What is insurance and financial services in Chad?
- Insurance and financial services in Chad was 1.3% 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 Chad?
- The highest recorded value was 7.0% in 1991.
- What is the lowest insurance and financial services recorded in Chad?
- The lowest recorded value was 0.1% in 1979.
- How does Chad rank for insurance and financial services?
- Chad ranks 189th out of 197 countries with data for 1994.
- Is insurance and financial services rising or falling in Chad?
- Over the last ten years it is down 72.9%. The long-run trend across the full record is rising.
- Where does this Chad 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.