Insurance and financial services in Sao Tome and Principe
Sao Tome and Principe: Insurance and financial services was 9.4% in 2024. ▼ Falling
Insurance and financial services in Sao Tome and Principe, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Sao Tome and Principe recorded 9.4% for insurance and financial services in 2024.
The figure is up 142.0% on the previous year and up 648.4% over ten years.
Over the whole period, insurance and financial services in Sao Tome and Principe peaked at 11.1% in 1981 and was at its lowest, 1.1%, in 2022.
Sao Tome and Principe ranks 56th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 45 years of available data.
Insurance and financial services in Sao Tome and Principe, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1974 | 5.5% | — |
| 1975 | 6.5% | +18.7% |
| 1976 | 6.7% | +2.2% |
| 1977 | 5.6% | -15.8% |
| 1978 | 6.2% | +10.1% |
| 1979 | 4.4% | -28.9% |
| 1980 | 5.3% | +21.3% |
| 1981 | 11.1% | +107.1% |
| 1982 | 10.8% | -2.3% |
| 1983 | 8.1% | -25.3% |
| 1984 | 7.2% | -11.2% |
| 1985 | 5.0% | -29.8% |
| 1986 | 4.7% | -5.9% |
| 1987 | 3.5% | -27.0% |
| 1988 | 3.7% | +6.3% |
| 1989 | 3.2% | -13.2% |
| 1990 | 3.4% | +6.6% |
| 1997 | 7.5% | +119.9% |
| 1998 | 8.3% | +10.5% |
| 1999 | 6.9% | -16.8% |
| 2000 | 7.0% | +2.3% |
| 2001 | 7.2% | +2.9% |
| 2002 | 7.3% | +1.4% |
| 2003 | 7.2% | -1.3% |
| 2004 | 7.2% | -0.8% |
| 2005 | 6.1% | -15.7% |
| 2006 | 6.6% | +9.1% |
| 2007 | 5.7% | -13.5% |
| 2008 | 6.5% | +13.8% |
| 2009 | 6.7% | +2.5% |
| 2010 | 6.1% | -8.2% |
| 2011 | 6.6% | +6.9% |
| 2012 | 3.7% | -43.3% |
| 2013 | 1.6% | -55.8% |
| 2014 | 1.3% | -23.5% |
| 2015 | 5.9% | +367.0% |
| 2016 | 1.4% | -75.7% |
| 2017 | 1.7% | +18.2% |
| 2018 | 2.5% | +47.1% |
| 2019 | 3.2% | +28.3% |
| 2020 | 4.6% | +44.0% |
| 2021 | 4.2% | -7.8% |
| 2022 | 1.1% | -73.4% |
| 2023 | 3.9% | +246.5% |
| 2024 | 9.4% | +142.0% |
Sao Tome and Principe compared with similar countries
- Sao Tome and Principe's 9.4% is above the median for lower middle income countries, which is 6.5%, 1.5× the median. (47 countries reporting)
- Sao Tome and Principe's 9.4% is above the median for Sub-Saharan Africa, which is 6.5%, 1.5× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Sao Tome and Principe 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 |
|---|---|---|---|
| 2015 | +367.0% | 1.3% | 5.9% |
| 2023 | +246.5% | 1.1% | 3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.8% | 4.4% | 6.7% | 6 |
| 1980s | 6.3% | 3.2% | 11.1% | 10 |
| 1990s | 6.5% | 3.4% | 8.3% | 4 |
| 2000s | 6.8% | 5.7% | 7.3% | 10 |
| 2010s | 3.4% | 1.3% | 6.6% | 10 |
| 2020s | 4.6% | 1.1% | 9.4% | 5 |
Countries ranked near Sao Tome and Principe
More economy & growth data for Sao Tome and Principe
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.41 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.35 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 3.83 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0046 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 16.27 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -16.68 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 35.34 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0202 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -70.83 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 27.12 % change on previous year (2024)
Frequently asked questions
- What is insurance and financial services in Sao Tome and Principe?
- Insurance and financial services in Sao Tome and Principe was 9.4% 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 Sao Tome and Principe?
- The highest recorded value was 11.1% in 1981.
- What is the lowest insurance and financial services recorded in Sao Tome and Principe?
- The lowest recorded value was 1.1% in 2022.
- How does Sao Tome and Principe rank for insurance and financial services?
- Sao Tome and Principe ranks 56th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Sao Tome and Principe?
- Over the last ten years it is up 648.4%. The long-run trend across the full record is falling.
- Where does this Sao Tome and Principe 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 — 45 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.