Insurance and financial services in Congo
Congo: Insurance and financial services was 2.1% in 2021. ▲ Rising
Insurance and financial services in Congo, 1978–2021
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 Congo is 2.1%, measured in 2021.
That represents a change of down 44.2% on the previous year and down 30.7% over ten years.
Over the whole period, insurance and financial services in Congo peaked at 9.0% in 2005 and was at its lowest, 1.3%, in 1992.
That places Congo 176th out of 197 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Insurance and financial services in Congo, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1978 | 4.4% | — |
| 1979 | 5.4% | +21.3% |
| 1980 | 3.5% | -35.3% |
| 1981 | 3.9% | +11.4% |
| 1982 | 3.1% | -18.7% |
| 1983 | 4.1% | +30.0% |
| 1984 | 6.3% | +53.5% |
| 1985 | 5.0% | -20.0% |
| 1986 | 4.1% | -17.7% |
| 1987 | 4.6% | +10.8% |
| 1988 | 4.4% | -4.3% |
| 1989 | 2.3% | -47.1% |
| 1990 | 1.5% | -34.7% |
| 1991 | 1.4% | -7.1% |
| 1992 | 1.3% | -6.1% |
| 1993 | 1.3% | +0.9% |
| 1994 | 1.4% | +6.1% |
| 1995 | 7.3% | +414.9% |
| 1996 | 4.9% | -33.0% |
| 1997 | 5.8% | +20.1% |
| 1998 | 3.5% | -39.8% |
| 1999 | 3.4% | -2.0% |
| 2000 | 4.6% | +33.1% |
| 2001 | 4.3% | -5.4% |
| 2002 | 3.8% | -11.9% |
| 2003 | 7.9% | +106.5% |
| 2004 | 6.3% | -20.6% |
| 2005 | 9.0% | +43.2% |
| 2006 | 6.2% | -30.9% |
| 2007 | 5.5% | -11.6% |
| 2008 | 6.0% | +9.4% |
| 2009 | 5.6% | -5.8% |
| 2010 | 4.4% | -21.3% |
| 2011 | 3.0% | -33.3% |
| 2012 | 3.1% | +5.0% |
| 2013 | 5.0% | +62.1% |
| 2014 | 4.5% | -10.7% |
| 2015 | 3.5% | -22.0% |
| 2016 | 7.4% | +110.3% |
| 2019 | 5.3% | -28.4% |
| 2020 | 3.7% | -30.4% |
| 2021 | 2.1% | -44.2% |
Congo compared with similar countries
- Congo's 2.1% is below the median for lower middle income countries, which is 6.5%, 32% of the median. (47 countries reporting)
- Congo's 2.1% is below the median for Sub-Saharan Africa, which is 6.5%, 32% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Congo 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 |
|---|---|---|---|
| 1995 | +414.9% | 1.4% | 7.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.9% | 4.4% | 5.4% | 2 |
| 1980s | 4.1% | 2.3% | 6.3% | 10 |
| 1990s | 3.2% | 1.3% | 7.3% | 10 |
| 2000s | 5.9% | 3.8% | 9.0% | 10 |
| 2010s | 4.5% | 3.0% | 7.4% | 8 |
| 2020s | 2.9% | 2.1% | 3.7% | 2 |
Countries ranked near Congo
- 173 Papua New Guinea 2.1% compare
- 174 Lao People's Democratic Republic 2.1% compare
- 175 Botswana 2.1% compare
- 177 Naoero 2.0% compare
- 178 Sint Maarten (Dutch part) 2.0% compare
- 179 Republic of Moldova 1.9% compare
More economy & growth data for Congo
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.79 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.01 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 25.39 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0016 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.01 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 603.62 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -3.65 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0384 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 95.31 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 6.03 % change on previous year (2024)
Frequently asked questions
- What is insurance and financial services in Congo?
- Insurance and financial services in Congo was 2.1% in 2021, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Congo?
- The highest recorded value was 9.0% in 2005.
- What is the lowest insurance and financial services recorded in Congo?
- The lowest recorded value was 1.3% in 1992.
- How does Congo rank for insurance and financial services?
- Congo ranks 176th out of 197 countries with data for 2021.
- Is insurance and financial services rising or falling in Congo?
- Over the last ten years it is down 30.7%. The long-run trend across the full record is rising.
- Where does this Congo 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
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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.