Nigeria - Insurance and financial services imports
Insurance and financial services (% of commercial service imports)
The value for Insurance and financial services (% of commercial service imports) in Nigeria was 6.50 as of 2020. As the graph below shows, over the past 43 years this indicator reached a maximum value of 9.37 in 2016 and a minimum value of 0.00 in 2003.
Definition: Insurance and financial services cover freight insurance on goods imported and other direct insurance such as life insurance; financial intermediation services such as commissions, foreign exchange transactions, and brokerage services; and auxiliary services such as financial market operational and regulatory services.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1977 | 3.51 |
| 1978 | 4.34 |
| 1979 | 3.67 |
| 1980 | 2.77 |
| 1981 | 4.44 |
| 1982 | 3.50 |
| 1983 | 4.19 |
| 1984 | 3.84 |
| 1985 | 3.93 |
| 1986 | 2.17 |
| 1987 | 3.36 |
| 1988 | 4.63 |
| 1989 | 3.59 |
| 1990 | 3.12 |
| 1991 | 4.57 |
| 1992 | 4.95 |
| 1993 | 3.00 |
| 1994 | 2.58 |
| 1995 | 2.55 |
| 1996 | 1.03 |
| 1997 | 2.35 |
| 1998 | 2.10 |
| 1999 | 2.81 |
| 2000 | 2.81 |
| 2001 | 2.81 |
| 2002 | 2.81 |
| 2003 | 0.00 |
| 2005 | 0.47 |
| 2006 | 2.52 |
| 2007 | 1.40 |
| 2008 | 4.63 |
| 2009 | 2.68 |
| 2010 | 2.69 |
| 2011 | 4.54 |
| 2012 | 5.17 |
| 2013 | 4.80 |
| 2014 | 6.78 |
| 2015 | 7.94 |
| 2016 | 9.37 |
| 2017 | 7.51 |
| 2018 | 3.96 |
| 2019 | 3.68 |
| 2020 | 6.50 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Imports
