Insurance and financial services as a percentage of service exports from the balance of payment rose 0.956% to 17.4% in Ghana in 2023, according to the National Central Bank / OECD.
Historically, insurance and financial services as a percentage of service exports from the balance of payment in Ghana reached an all time high of 17.4% in 2023 and an all time low of 0.417% in 2019.
Ghana has been ranked 12th within the group of 142 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 90 places above the position seen 10 years ago.
| Insurance and Financial Services (As % of Service Exports, BoP) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Benin | % | 24.8% | 11.4% | 9.96% | 5.61% | 3.94% | ... | |||||||||||||||
| Burkina Faso | % | ... | 17.7% | 17.7% | 19.3% | 18.5% | 18.3% | ... | ||||||||||||||
| Ghana | % | 0.521% | 0.417% | 11.5% | 17.1% | 17.2% | ... | |||||||||||||||
| Guinea | % | 16.8% | 5.47% | 13.5% | 8.59% | 2.21% | ... | |||||||||||||||
| Ivory Coast | % | ... | 2.13% | 0.613% | 2.53% | 2.18% | 2.01% | ... | ... | |||||||||||||
| Liberia | % | ... | ... | ... | ... | ... | ... | 96.3% | 78.8% | 5.16% | 4.23% | 4.26% | ... | ... | ||||||||
| Mali | % | 0.882% | 2.57% | 3.15% | 1.75% | 2.01% | ... | |||||||||||||||
| Niger | % | 1.78% | 1.71% | 0.500% | 2.17% | 6.37% | ... | |||||||||||||||
| Nigeria | % | 15.9% | 16.3% | 23.8% | 20.4% | 18.8% | ||||||||||||||||
| Togo | % | 3.62% | 4.68% | 6.38% | ... | ... | ... | ... |
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