Insurance and financial services as a percentage of service imports from the balance of payment fell 17.6% to 7.14% in Zimbabwe in 2023, according to the National Central Bank / OECD.
Historically, insurance and financial services as a percentage of service imports from the balance of payment in Zimbabwe reached an all time high of 12.4% in 2019 and an all time low of 2.16% in 1985. When compared to Zimbabwe's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Botswana amounted to 2.63%, 7.82% in Mozambique, 4.34% in South Africa and 11.5% in Zambia in 2023.
Zimbabwe has been ranked 66th within the group of 149 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 66 places below the position seen 10 years ago.
| Insurance and Financial Services (As % of Service Imports, BoP) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Angola | % | 7.70% | 6.05% | 8.96% | 8.53% | 5.93% | ||||||||||||||||
| Botswana | % | 6.52% | 7.83% | 4.38% | 2.44% | 1.35% | ... | |||||||||||||||
| Dem. Republic of the Congo | % | ... | 21.4% | 22.9% | 21.8% | 19.2% | 18.5% | ... | ||||||||||||||
| Lesotho | % | 2.56% | 2.53% | 2.66% | 2.86% | 2.57% | ||||||||||||||||
| Malawi | % | 8.01% | 5.26% | 3.97% | 4.93% | 3.58% | ... | |||||||||||||||
| Mozambique | % | ... | 5.98% | 15.8% | 11.2% | 10.5% | 9.42% | |||||||||||||||
| Namibia | % | 5.45% | 5.57% | 2.07% | 1.55% | 1.80% | ||||||||||||||||
| South Africa | % | 3.93% | 3.51% | 5.56% | 5.44% | 4.55% | ||||||||||||||||
| Swaziland | % | 13.0% | 2.95% | 1.65% | 1.64% | 1.61% | ... | |||||||||||||||
| Tanzania | % | 4.16% | 4.55% | 5.43% | 4.81% | 5.87% | ... | |||||||||||||||
| Zambia | % | 8.57% | 9.11% | 6.65% | 2.39% | 10.6% | ... | |||||||||||||||
| Zimbabwe | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 9.68% | 12.4% | 8.43% | 10.5% | 8.67% | ... |
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