Insurance and financial services as a percentage of service exports from the balance of payment rose 266% to 39.3% in Sierra Leone 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 Sierra Leone reached an all time high of 48.2% in 2021 and an all time low of -23.7% in 2022.
Sierra Leone has been ranked 4th 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, 132 places above the position seen 10 years ago.
| Insurance and Financial Services (As % of Service Exports, BoP) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Algeria | % | ... | ... | 10.3% | 9.55% | 11.8% | 8.03% | 10.5% | ||||||||||||||
| Burkina Faso | % | ... | ... | 17.7% | 17.7% | 17.7% | 19.3% | 18.5% | ||||||||||||||
| Ghana | % | 0.553% | 0.521% | 0.417% | 11.5% | 17.1% | ||||||||||||||||
| Guinea | % | 13.8% | 16.8% | 5.47% | 13.5% | 8.59% | ||||||||||||||||
| Ivory Coast | % | ... | ... | 1.19% | 2.13% | 0.613% | 2.53% | 2.18% | ... | |||||||||||||
| Liberia | % | ... | ... | ... | ... | ... | ... | ... | 16.4% | 96.3% | 78.8% | 5.16% | 4.23% | ... | ||||||||
| Mali | % | 0.992% | 0.882% | 2.57% | 3.15% | 1.75% | ||||||||||||||||
| Mauritania | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.35% | 1.11% | 0.524% | 1.76% | 1.33% | |||||||
| Niger | % | 1.04% | 1.78% | 1.71% | 0.500% | 2.17% | ||||||||||||||||
| Senegal | % | 2.21% | 2.43% | 2.48% | 3.60% | 3.57% | ||||||||||||||||
| Sierra Leone | % | 7.43% | 7.37% | 5.58% | 7.90% | 48.2% |
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