Nigeria - Insurance and financial services
Insurance and financial services (% of service imports, BoP)
Insurance and financial services (% of service imports, BoP) in Nigeria was 6.42 as of 2020. Its highest value over the past 43 years was 9.04 in 2016, while its lowest value was 0.00 in 2003.
Definition: 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.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1977 | 3.14 |
| 1978 | 4.34 |
| 1979 | 3.67 |
| 1980 | 2.77 |
| 1981 | 4.14 |
| 1982 | 3.25 |
| 1983 | 3.89 |
| 1984 | 3.24 |
| 1985 | 3.82 |
| 1986 | 2.09 |
| 1987 | 3.36 |
| 1988 | 4.63 |
| 1989 | 3.46 |
| 1990 | 3.01 |
| 1991 | 4.45 |
| 1992 | 4.75 |
| 1993 | 2.95 |
| 1994 | 2.56 |
| 1995 | 2.43 |
| 1996 | 0.97 |
| 1997 | 2.34 |
| 1998 | 2.05 |
| 1999 | 2.68 |
| 2000 | 2.68 |
| 2001 | 2.68 |
| 2002 | 2.68 |
| 2003 | 0.00 |
| 2005 | 0.45 |
| 2006 | 2.19 |
| 2007 | 1.19 |
| 2008 | 4.29 |
| 2009 | 2.36 |
| 2010 | 2.51 |
| 2011 | 4.16 |
| 2012 | 4.84 |
| 2013 | 4.42 |
| 2014 | 6.33 |
| 2015 | 7.40 |
| 2016 | 9.04 |
| 2017 | 7.40 |
| 2018 | 3.93 |
| 2019 | 3.66 |
| 2020 | 6.42 |
Insurance and financial services (% of service exports, BoP)
Insurance and financial services (% of service exports, BoP) in Nigeria was 23.79 as of 2020. Its highest value over the past 43 years was 23.79 in 2020, while its lowest value was 0.11 in 2003.
Definition: 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.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1977 | 0.83 |
| 1978 | 5.04 |
| 1979 | 7.08 |
| 1980 | 6.61 |
| 1981 | 4.84 |
| 1982 | 3.65 |
| 1983 | 3.68 |
| 1984 | 4.07 |
| 1985 | 5.46 |
| 1986 | 1.12 |
| 1987 | 0.53 |
| 1988 | 2.55 |
| 1989 | 0.22 |
| 1990 | 0.28 |
| 1991 | 0.74 |
| 1992 | 1.12 |
| 1993 | 0.95 |
| 1994 | 0.43 |
| 1995 | 0.60 |
| 1996 | 0.27 |
| 1997 | 0.43 |
| 1998 | 0.42 |
| 1999 | 0.85 |
| 2000 | 0.85 |
| 2001 | 0.85 |
| 2002 | 0.85 |
| 2003 | 0.11 |
| 2004 | 0.17 |
| 2005 | 0.64 |
| 2006 | 0.55 |
| 2007 | 1.24 |
| 2008 | 0.67 |
| 2009 | 0.40 |
| 2010 | 0.48 |
| 2011 | 0.52 |
| 2012 | 0.54 |
| 2013 | 1.09 |
| 2014 | 1.82 |
| 2015 | 9.39 |
| 2016 | 8.75 |
| 2017 | 7.18 |
| 2018 | 15.86 |
| 2019 | 16.31 |
| 2020 | 23.79 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: Balance of payments
