Insurance and financial services in Cote d'Ivoire
Cote d'Ivoire: Insurance and financial services was 3.9% in 2024. ▼ Falling
Insurance and financial services in Cote d'Ivoire, 2005–2024
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 Cote d'Ivoire is 3.9%, measured in 2024.
Compared with earlier readings it is up 18.1% on the previous year and down 12.5% over ten years.
Over the whole period, insurance and financial services in Cote d'Ivoire peaked at 8.2% in 2007 and was at its lowest, 3.1%, in 2016.
Cote d'Ivoire ranks 134th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Insurance and financial services in Cote d'Ivoire, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2005 | 8.1% | — |
| 2006 | 8.2% | +1.1% |
| 2007 | 8.2% | +0.5% |
| 2008 | 7.6% | -7.3% |
| 2009 | 7.9% | +3.6% |
| 2010 | 7.3% | -7.2% |
| 2011 | 7.7% | +5.9% |
| 2012 | 7.7% | -0.5% |
| 2013 | 3.4% | -55.3% |
| 2014 | 4.4% | +28.6% |
| 2015 | 3.7% | -16.9% |
| 2016 | 3.1% | -14.8% |
| 2017 | 4.2% | +35.2% |
| 2018 | 4.9% | +14.6% |
| 2019 | 3.8% | -21.4% |
| 2020 | 4.9% | +29.2% |
| 2021 | 4.5% | -7.8% |
| 2022 | 3.4% | -25.2% |
| 2023 | 3.3% | -3.6% |
| 2024 | 3.9% | +18.1% |
Cote d'Ivoire compared with similar countries
- Cote d'Ivoire's 3.9% is below the median for lower middle income countries, which is 6.5%, 60% of the median. (47 countries reporting)
- Cote d'Ivoire's 3.9% is below the median for Sub-Saharan Africa, which is 6.5%, 60% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.0% | 7.6% | 8.2% | 5 |
| 2010s | 5.0% | 3.1% | 7.7% | 10 |
| 2020s | 4.0% | 3.3% | 4.9% | 5 |
Countries ranked near Cote d'Ivoire
More economy & growth data for Cote d'Ivoire
- Foreign direct investment, net outflows (BoP, current US$), gaps 227.78 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0026 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 7.13 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.12 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 25.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0358 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 97.75 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 7.73 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.0871 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 265.63 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Cote d'Ivoire?
- Insurance and financial services in Cote d'Ivoire was 3.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Cote d'Ivoire?
- The highest recorded value was 8.2% in 2007.
- What is the lowest insurance and financial services recorded in Cote d'Ivoire?
- The lowest recorded value was 3.1% in 2016.
- How does Cote d'Ivoire rank for insurance and financial services?
- Cote d'Ivoire ranks 134th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Cote d'Ivoire?
- Over the last ten years it is down 12.5%. The long-run trend across the full record is falling.
- Where does this Cote d'Ivoire 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.