Insurance and financial services in South Sudan
South Sudan: Insurance and financial services was 0.9% in 2023. ◆ Volatile
Insurance and financial services in South Sudan, 2014–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
South Sudan recorded 0.9% for insurance and financial services in 2023.
Compared with earlier readings it is down 59.1% on the previous year and down 94.8% over ten years.
Over the whole period, insurance and financial services in South Sudan peaked at 17.9% in 2014 and was at its lowest, 0.9%, in 2021.
That places South Sudan 194th out of 197 countries with data for 2023, 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 South Sudan, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2014 | 17.9% | — |
| 2015 | 10.5% | -41.3% |
| 2016 | 17.6% | +67.7% |
| 2017 | 12.1% | -31.0% |
| 2018 | 1.9% | -84.4% |
| 2019 | 1.1% | -43.6% |
| 2020 | 1.1% | +5.6% |
| 2021 | 0.9% | -23.3% |
| 2022 | 2.3% | +162.7% |
| 2023 | 0.9% | -59.1% |
South Sudan compared with similar countries
- South Sudan's 0.9% is below the median for low income countries, which is 4.1%, 23% of the median. (22 countries reporting)
- South Sudan's 0.9% is below the median for Sub-Saharan Africa, which is 6.5%, 14% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.2% | 1.1% | 17.9% | 6 |
| 2020s | 1.3% | 0.9% | 2.3% | 4 |
Countries ranked near South Sudan
- 191 Guyana 1.2% compare
- 192 North Macedonia 1.1% compare
- 193 Niger 1.0% compare
- 195 Faroe Islands 0.8%
- 196 Marshall Islands 0.3% compare
- 197 Mauritania 0.0% compare
More economy & growth data for South Sudan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.77 Percent per annum (2029)
- GDP (current LCU), annual growth rate 4.99 % change on previous year (2015)
- Gdp worldbank constant usd, per capita 1,080 units per person (2015)
- GDP (current LCU), per unit of GDP 3.6 current LCU per US$ of GDP (2015)
- GDP (current LCU), per capita 3,893 current LCU per person (2015)
- GDP (constant 2015 US$), annual growth rate -10.79 % change on previous year (2015)
- GDP (constant 2015 US$), per unit of GDP 1 constant 2015 US$ per US$ of GDP (2015)
- Manufacturing value added to gdp, per capita 0 units per person (2015)
- Services, value added (current LCU), annual growth rate 29.9 % change on previous year (2015)
Frequently asked questions
- What is insurance and financial services in South Sudan?
- Insurance and financial services in South Sudan was 0.9% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in South Sudan?
- The highest recorded value was 17.9% in 2014.
- What is the lowest insurance and financial services recorded in South Sudan?
- The lowest recorded value was 0.9% in 2021.
- How does South Sudan rank for insurance and financial services?
- South Sudan ranks 194th out of 197 countries with data for 2023.
- Is insurance and financial services rising or falling in South Sudan?
- Over the last ten years it is down 94.8%. The long-run trend across the full record is volatile.
- Where does this South Sudan 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.