Insurance and financial services in Gabon
Gabon: Insurance and financial services was 5.6% in 2015. ▲ Rising
Insurance and financial services in Gabon, 1978–2015
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 Gabon is 5.6%, measured in 2015.
Compared with earlier readings it is up 24.1% on the previous year and down 12.8% over ten years.
Over the whole period, insurance and financial services in Gabon peaked at 9.2% in 1999 and was at its lowest, 3.3%, in 2007.
That places Gabon 107th out of 197 countries with data for 2015, putting it in the middle of the range.
The long-run direction has been consistently rising across the 37 years of available data.
Insurance and financial services in Gabon, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1978 | 6.2% | — |
| 1979 | 5.4% | -13.6% |
| 1980 | 5.7% | +6.3% |
| 1981 | 4.9% | -14.3% |
| 1982 | 4.2% | -15.0% |
| 1983 | 6.0% | +44.9% |
| 1984 | 3.6% | -41.1% |
| 1985 | 4.4% | +23.1% |
| 1986 | 4.7% | +6.1% |
| 1987 | 5.4% | +16.8% |
| 1988 | 5.9% | +8.4% |
| 1989 | 4.8% | -17.8% |
| 1990 | 5.1% | +6.2% |
| 1991 | 5.9% | +14.6% |
| 1992 | 5.7% | -3.0% |
| 1993 | 4.9% | -13.8% |
| 1994 | 3.6% | -26.1% |
| 1995 | 8.5% | +133.8% |
| 1996 | 8.7% | +2.3% |
| 1997 | 8.6% | -1.3% |
| 1998 | 8.3% | -3.7% |
| 1999 | 9.2% | +10.9% |
| 2000 | 8.2% | -10.5% |
| 2001 | 6.8% | -17.2% |
| 2002 | 6.4% | -6.1% |
| 2003 | 5.6% | -11.7% |
| 2004 | 5.7% | +1.1% |
| 2005 | 6.4% | +12.6% |
| 2007 | 3.3% | -48.8% |
| 2008 | 4.3% | +29.8% |
| 2009 | 7.3% | +71.3% |
| 2010 | 6.1% | -16.8% |
| 2011 | 6.4% | +5.8% |
| 2012 | 6.7% | +3.4% |
| 2013 | 5.2% | -22.1% |
| 2014 | 4.5% | -13.1% |
| 2015 | 5.6% | +24.1% |
Gabon compared with similar countries
- Gabon's 5.6% is below the median for upper middle income countries, which is 6.2%, 91% of the median. (55 countries reporting)
- Gabon's 5.6% is below the median for Sub-Saharan Africa, which is 6.5%, 86% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Gabon 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 | +133.8% | 3.6% | 8.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.8% | 5.4% | 6.2% | 2 |
| 1980s | 5.0% | 3.6% | 6.0% | 10 |
| 1990s | 6.9% | 3.6% | 9.2% | 10 |
| 2000s | 6.0% | 3.3% | 8.2% | 9 |
| 2010s | 5.7% | 4.5% | 6.7% | 6 |
Countries ranked near Gabon
- 105 Spain 6.0% compare
- 106 Malaysia 5.9% compare
- 108 South Africa 5.6% compare
- 109 Kazakhstan 5.5% compare
- 110 Bangladesh 5.5% compare
More economy & growth data for Gabon
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.8121 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.63 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -33.78 million BoP, current US$ (2019)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.002 BoP, current US$ per US$ of GDP (2019)
- Foreign direct investment, net outflows (BoP, current US$), per capita -14.9 BoP, current US$ per person (2019)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.14 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -0.5362 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0548 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 450.8 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -55.87 % change on previous year (2024)
Frequently asked questions
- What is insurance and financial services in Gabon?
- Insurance and financial services in Gabon was 5.6% in 2015, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Gabon?
- The highest recorded value was 9.2% in 1999.
- What is the lowest insurance and financial services recorded in Gabon?
- The lowest recorded value was 3.3% in 2007.
- How does Gabon rank for insurance and financial services?
- Gabon ranks 107th out of 197 countries with data for 2015.
- Is insurance and financial services rising or falling in Gabon?
- Over the last ten years it is down 12.8%. The long-run trend across the full record is rising.
- Where does this Gabon 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 — 37 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.