Insurance and financial services in Comoros
Comoros: Insurance and financial services was 6.5% in 2023. ▲ Rising
Insurance and financial services in Comoros, 1980–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
The most recent figure for insurance and financial services in Comoros is 6.5%, measured in 2023.
The figure is down 22.6% on the previous year and down 46.3% over ten years.
Over the whole period, insurance and financial services in Comoros peaked at 12.1% in 2012 and was at its lowest, 2.0%, in 1986.
Comoros ranks 87th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Insurance and financial services in Comoros, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1980 | 5.6% | — |
| 1981 | 3.0% | -47.6% |
| 1982 | 3.0% | +0.5% |
| 1983 | 4.0% | +33.4% |
| 1984 | 2.6% | -34.2% |
| 1985 | 2.4% | -9.3% |
| 1986 | 2.0% | -14.1% |
| 1987 | 2.9% | +41.1% |
| 1988 | 2.9% | +0.3% |
| 1989 | 2.5% | -13.5% |
| 1990 | 2.7% | +9.3% |
| 1991 | 2.9% | +8.3% |
| 2003 | 8.8% | +200.0% |
| 2004 | 9.5% | +8.2% |
| 2005 | 10.0% | +5.0% |
| 2006 | 9.9% | -0.7% |
| 2007 | 10.2% | +3.1% |
| 2008 | 10.6% | +3.4% |
| 2009 | 11.6% | +9.4% |
| 2010 | 11.5% | -0.9% |
| 2011 | 11.8% | +3.2% |
| 2012 | 12.1% | +2.2% |
| 2014 | 9.3% | -23.2% |
| 2015 | 8.1% | -12.3% |
| 2016 | 8.2% | +0.2% |
| 2017 | 8.0% | -2.2% |
| 2018 | 8.2% | +3.2% |
| 2019 | 7.5% | -8.5% |
| 2020 | 8.4% | +11.2% |
| 2021 | 9.4% | +11.5% |
| 2022 | 8.4% | -10.3% |
| 2023 | 6.5% | -22.6% |
Comoros compared with similar countries
- Comoros's 6.5% is above the median for lower middle income countries, which is 6.5%, 1.0× the median. (47 countries reporting)
- Comoros's 6.5% is above the median for Sub-Saharan Africa, which is 6.5%, 1.0× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Comoros 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 | +200.0% | 2.9% | 8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.1% | 2.0% | 5.6% | 10 |
| 1990s | 2.8% | 2.7% | 2.9% | 2 |
| 2000s | 10.1% | 8.8% | 11.6% | 7 |
| 2010s | 9.4% | 7.5% | 12.1% | 9 |
| 2020s | 8.2% | 6.5% | 9.4% | 4 |
Countries ranked near Comoros
More economy & growth data for Comoros
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.14 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.81 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.10 million BoP, current US$ (1990)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0027 BoP, current US$ per US$ of GDP (1990)
- Foreign direct investment, net outflows (BoP, current US$), per capita 2.48 BoP, current US$ per person (1990)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 7.10 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 32.64 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0044 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 8.19 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 26.28 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Comoros?
- Insurance and financial services in Comoros was 6.5% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Comoros?
- The highest recorded value was 12.1% in 2012.
- What is the lowest insurance and financial services recorded in Comoros?
- The lowest recorded value was 2.0% in 1986.
- How does Comoros rank for insurance and financial services?
- Comoros ranks 87th out of 197 countries with data for 2023.
- Is insurance and financial services rising or falling in Comoros?
- Over the last ten years it is down 46.3%. The long-run trend across the full record is rising.
- Where does this Comoros 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.
Download this data
CSV · JSON — 32 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 imports which are services provided by non-residents to residents.