Insurance and financial services in Djibouti
Djibouti: Insurance and financial services was 2.6% in 2024. ▼ Falling
Insurance and financial services in Djibouti, 1991–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Djibouti recorded 2.6% for insurance and financial services in 2024. That is the lowest value across all 34 years on record.
That represents a change of down 24.0% on the previous year and down 37.8% over ten years.
Over the whole period, insurance and financial services in Djibouti peaked at 13.3% in 1999 and was at its lowest, 2.6%, in 2024.
That places Djibouti 164th out of 197 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 34 years of available data.
Insurance and financial services in Djibouti, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1991 | 10.4% | — |
| 1992 | 9.9% | -4.6% |
| 1993 | 7.6% | -23.7% |
| 1994 | 8.3% | +9.0% |
| 1995 | 8.4% | +2.0% |
| 1996 | 10.6% | +26.3% |
| 1997 | 8.6% | -19.0% |
| 1998 | 10.4% | +20.4% |
| 1999 | 13.3% | +28.4% |
| 2000 | 11.3% | -15.3% |
| 2001 | 11.0% | -2.9% |
| 2002 | 11.9% | +8.1% |
| 2003 | 11.0% | -7.3% |
| 2004 | 11.2% | +1.5% |
| 2005 | 10.3% | -7.6% |
| 2006 | 9.5% | -7.4% |
| 2007 | 8.0% | -15.8% |
| 2008 | 11.2% | +39.3% |
| 2009 | 8.9% | -20.2% |
| 2010 | 9.2% | +3.0% |
| 2011 | 7.6% | -17.3% |
| 2012 | 7.4% | -2.8% |
| 2013 | 3.0% | -58.9% |
| 2014 | 4.1% | +35.3% |
| 2015 | 5.8% | +40.2% |
| 2016 | 5.6% | -2.0% |
| 2017 | 3.6% | -35.7% |
| 2018 | 3.6% | +0.0% |
| 2019 | 3.6% | -0.4% |
| 2020 | 3.2% | -10.8% |
| 2021 | 3.1% | -4.0% |
| 2022 | 3.3% | +7.0% |
| 2023 | 3.4% | +1.5% |
| 2024 | 2.6% | -24.0% |
Djibouti compared with similar countries
- Djibouti's 2.6% is below the median for lower middle income countries, which is 6.5%, 39% of the median. (47 countries reporting)
- Djibouti's 2.6% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.5%, 39% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.7% | 7.6% | 13.3% | 9 |
| 2000s | 10.4% | 8.0% | 11.9% | 10 |
| 2010s | 5.4% | 3.0% | 9.2% | 10 |
| 2020s | 3.1% | 2.6% | 3.4% | 5 |
Countries ranked near Djibouti
More economy & growth data for Djibouti
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.16 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.5 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 67.82 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -50.5 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0163 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 58.03 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 88.04 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1418 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 553.8 includes gold, current US$ per person (2025)
- Total reserves minus gold (current US$), annual growth rate 88.04 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Djibouti?
- Insurance and financial services in Djibouti was 2.6% 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 Djibouti?
- The highest recorded value was 13.3% in 1999.
- What is the lowest insurance and financial services recorded in Djibouti?
- The lowest recorded value was 2.6% in 2024.
- How does Djibouti rank for insurance and financial services?
- Djibouti ranks 164th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Djibouti?
- Over the last ten years it is down 37.8%. The long-run trend across the full record is falling.
- Where does this Djibouti 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.