Insurance and financial services in Mali
Mali: Insurance and financial services was 4.0% in 2024. ▼ Falling
Insurance and financial services in Mali, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2024, insurance and financial services in Mali stood at 4.0%.
The figure is up 46.5% on the previous year and up 124.8% over ten years.
Over the whole period, insurance and financial services in Mali peaked at 6.8% in 1981 and was at its lowest, 1.3%, in 1995.
That places Mali 131st out of 197 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 50 years of available data.
Insurance and financial services in Mali, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1975 | 5.1% | — |
| 1976 | 5.5% | +6.3% |
| 1977 | 5.0% | -8.5% |
| 1978 | 5.7% | +13.8% |
| 1979 | 5.4% | -4.2% |
| 1980 | 6.2% | +14.7% |
| 1981 | 6.8% | +9.6% |
| 1982 | 6.1% | -10.3% |
| 1983 | 6.2% | +1.0% |
| 1984 | 6.4% | +3.2% |
| 1985 | 5.3% | -16.4% |
| 1986 | 4.7% | -11.3% |
| 1987 | 4.4% | -7.2% |
| 1988 | 1.6% | -64.5% |
| 1989 | 1.8% | +17.4% |
| 1990 | 1.8% | -0.2% |
| 1991 | 1.8% | -1.9% |
| 1992 | 1.5% | -15.3% |
| 1993 | 1.7% | +13.6% |
| 1994 | 1.4% | -19.5% |
| 1995 | 1.3% | -7.5% |
| 1996 | 1.7% | +32.6% |
| 1997 | 2.0% | +17.2% |
| 1998 | 2.2% | +8.9% |
| 1999 | 1.7% | -20.7% |
| 2000 | 4.0% | +130.2% |
| 2001 | 3.4% | -13.7% |
| 2002 | 5.6% | +63.0% |
| 2003 | 5.6% | +0.7% |
| 2004 | 6.5% | +15.3% |
| 2005 | 6.7% | +4.1% |
| 2006 | 5.0% | -26.1% |
| 2007 | 4.3% | -13.4% |
| 2008 | 4.6% | +7.3% |
| 2009 | 5.8% | +25.5% |
| 2010 | 4.5% | -22.9% |
| 2011 | 3.1% | -31.3% |
| 2012 | 3.5% | +13.6% |
| 2013 | 2.3% | -34.3% |
| 2014 | 1.8% | -21.9% |
| 2015 | 1.9% | +5.1% |
| 2016 | 1.8% | -6.9% |
| 2017 | 2.8% | +61.2% |
| 2018 | 2.3% | -17.1% |
| 2019 | 2.9% | +21.6% |
| 2020 | 2.6% | -7.7% |
| 2021 | 2.4% | -8.3% |
| 2022 | 2.4% | -1.0% |
| 2023 | 2.8% | +15.1% |
| 2024 | 4.0% | +46.5% |
Mali compared with similar countries
- Mali's 4.0% is below the median for low income countries, which is 4.1%, 98% of the median. (22 countries reporting)
- Mali's 4.0% is below the median for Sub-Saharan Africa, which is 6.5%, 62% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Mali 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 |
|---|---|---|---|
| 2000 | +130.2% | 1.7% | 4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.3% | 5.0% | 5.7% | 5 |
| 1980s | 5.0% | 1.6% | 6.8% | 10 |
| 1990s | 1.7% | 1.3% | 2.2% | 10 |
| 2000s | 5.2% | 3.4% | 6.7% | 10 |
| 2010s | 2.7% | 1.8% | 4.5% | 10 |
| 2020s | 2.8% | 2.4% | 4.0% | 5 |
Countries ranked near Mali
More economy & growth data for Mali
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.87 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.9 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 78.08 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0029 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 3.19 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 921.04 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 31.1 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0344 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 37.63 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 13.41 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Mali?
- Insurance and financial services in Mali was 4.0% 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 Mali?
- The highest recorded value was 6.8% in 1981.
- What is the lowest insurance and financial services recorded in Mali?
- The lowest recorded value was 1.3% in 1995.
- How does Mali rank for insurance and financial services?
- Mali ranks 131st out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Mali?
- Over the last ten years it is up 124.8%. The long-run trend across the full record is falling.
- Where does this Mali 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 — 50 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.