Insurance and financial services in Niger
Niger: Insurance and financial services was 1.0% in 2024. ◆ Volatile
Insurance and financial services in Niger, 1974–2024
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 Niger is 1.0%, measured in 2024.
That represents a change of down 7.9% on the previous year and down 27.5% over ten years.
Over the whole period, insurance and financial services in Niger peaked at 8.1% in 1974 and was at its lowest, 0.3%, in 2013.
That places Niger 193rd out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Niger, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1974 | 8.1% | — |
| 1975 | 7.9% | -1.8% |
| 1976 | 7.3% | -7.5% |
| 1977 | 6.0% | -17.4% |
| 1978 | 5.7% | -5.1% |
| 1979 | 5.9% | +2.5% |
| 1980 | 6.7% | +13.8% |
| 1981 | 6.8% | +1.8% |
| 1982 | 7.1% | +4.4% |
| 1983 | 7.6% | +7.3% |
| 1984 | 7.7% | +1.5% |
| 1985 | 7.5% | -3.5% |
| 1986 | 4.4% | -41.3% |
| 1987 | 5.2% | +18.1% |
| 1988 | 5.1% | -2.0% |
| 1989 | 5.7% | +12.3% |
| 1990 | 3.9% | -31.2% |
| 1991 | 3.9% | -1.0% |
| 1992 | 3.9% | -0.3% |
| 1993 | 4.4% | +13.9% |
| 1994 | 1.5% | -65.0% |
| 1995 | 2.0% | +31.8% |
| 1996 | 2.1% | +5.0% |
| 1997 | 2.5% | +17.5% |
| 1998 | 2.1% | -17.9% |
| 1999 | 2.3% | +9.8% |
| 2000 | 2.7% | +17.3% |
| 2001 | 1.9% | -26.8% |
| 2002 | 2.0% | +3.6% |
| 2003 | 1.9% | -6.8% |
| 2004 | 2.8% | +50.6% |
| 2005 | 2.2% | -23.9% |
| 2006 | 3.1% | +43.1% |
| 2007 | 3.3% | +6.1% |
| 2008 | 3.7% | +11.5% |
| 2009 | 3.5% | -3.8% |
| 2010 | 5.1% | +46.3% |
| 2011 | 1.3% | -74.8% |
| 2012 | 0.6% | -50.2% |
| 2013 | 0.3% | -47.8% |
| 2014 | 1.4% | +313.7% |
| 2015 | 1.5% | +6.6% |
| 2016 | 1.1% | -28.9% |
| 2017 | 1.2% | +15.2% |
| 2018 | 1.1% | -6.8% |
| 2019 | 1.1% | -2.2% |
| 2020 | 1.2% | +9.0% |
| 2021 | 1.0% | -15.0% |
| 2022 | 0.9% | -13.9% |
| 2023 | 1.1% | +24.2% |
| 2024 | 1.0% | -7.9% |
Niger compared with similar countries
- Niger's 1.0% is below the median for low income countries, which is 4.1%, 25% of the median. (22 countries reporting)
- Niger's 1.0% is below the median for Sub-Saharan Africa, which is 6.5%, 16% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Niger 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 |
|---|---|---|---|
| 2014 | +313.7% | 0.3% | 1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.8% | 5.7% | 8.1% | 6 |
| 1980s | 6.4% | 4.4% | 7.7% | 10 |
| 1990s | 2.9% | 1.5% | 4.4% | 10 |
| 2000s | 2.7% | 1.9% | 3.7% | 10 |
| 2010s | 1.5% | 0.3% | 5.1% | 10 |
| 2020s | 1.0% | 0.9% | 1.2% | 5 |
Countries ranked near Niger
- 190 Afghanistan 1.3% compare
- 191 Guyana 1.2% compare
- 192 North Macedonia 1.1% compare
- 194 South Sudan 0.9% compare
- 195 Faroe Islands 0.8% compare
- 196 Marshall Islands 0.3% compare
More economy & growth data for Niger
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.18 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.97 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 20.73 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0011 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.7667 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 358.08 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -65.08 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0181 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 13.25 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 19.53 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Niger?
- Insurance and financial services in Niger was 1.0% 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 Niger?
- The highest recorded value was 8.1% in 1974.
- What is the lowest insurance and financial services recorded in Niger?
- The lowest recorded value was 0.3% in 2013.
- How does Niger rank for insurance and financial services?
- Niger ranks 193rd out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Niger?
- Over the last ten years it is down 27.5%. The long-run trend across the full record is volatile.
- Where does this Niger 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.