Insurance and financial services in Yemen
Yemen: Insurance and financial services was 12.4% in 2016. ▲ Rising
Insurance and financial services in Yemen, 2005–2016
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 Yemen is 12.4%, measured in 2016.
Compared with earlier readings it is down 8.2% on the previous year and up 70.1% over ten years.
Over the whole period, insurance and financial services in Yemen peaked at 13.5% in 2015 and was at its lowest, 7.3%, in 2006.
Yemen ranks 30th of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Insurance and financial services in Yemen, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2005 | 8.6% | — |
| 2006 | 7.3% | -15.8% |
| 2007 | 9.1% | +25.6% |
| 2008 | 8.9% | -2.3% |
| 2009 | 8.3% | -6.9% |
| 2010 | 10.0% | +20.9% |
| 2011 | 10.1% | +0.3% |
| 2012 | 12.1% | +20.6% |
| 2013 | 11.9% | -1.9% |
| 2014 | 11.3% | -5.0% |
| 2015 | 13.5% | +19.2% |
| 2016 | 12.4% | -8.2% |
Yemen compared with similar countries
- Yemen's 12.4% is above the median for low income countries, which is 4.1%, 3.0× the median. (22 countries reporting)
- Yemen's 12.4% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.5%, 1.9× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.4% | 7.3% | 9.1% | 5 |
| 2010s | 11.6% | 10.0% | 13.5% | 7 |
Countries ranked near Yemen
- 27 Dominica 13.0% compare
- 28 New Zealand 13.0% compare
- 29 Japan 12.7% compare
- 31 Togo 12.1% compare
- 32 Dominican Republic 11.9% compare
- 33 Hong Kong, China 11.9% compare
More economy & growth data for Yemen
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.38 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 3.33 million BoP, current US$ (2019)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0002 BoP, current US$ per US$ of GDP (2018)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.0949 BoP, current US$ per person (2019)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -370.98 million BoP, current US$ (2019)
- Foreign direct investment, net inflows (BoP, current US$), annual -31.51 % change on previous year (2019)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0131 BoP, current US$ per US$ of GDP (2018)
- Foreign direct investment, net inflows (BoP, current US$), per capita -10.57 BoP, current US$ per person (2019)
- Total reserves (includes gold, current US$), annual growth rate -25.9 % change on previous year (2022)
Frequently asked questions
- What is insurance and financial services in Yemen?
- Insurance and financial services in Yemen was 12.4% in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Yemen?
- The highest recorded value was 13.5% in 2015.
- What is the lowest insurance and financial services recorded in Yemen?
- The lowest recorded value was 7.3% in 2006.
- How does Yemen rank for insurance and financial services?
- Yemen ranks 30th out of 197 countries with data for 2016.
- Is insurance and financial services rising or falling in Yemen?
- Over the last ten years it is up 70.1%. The long-run trend across the full record is rising.
- Where does this Yemen 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.