Insurance and financial services as a percentage of service imports from the balance of payment fell 58.1% to 7.27% in Guinea 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 Guinea reached an all time high of 18.8% in 2015 and an all time low of 1.84% in 1999.
Guinea has been ranked 63rd 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, 14 places above 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 |
| Algeria | % | ... | 2.51% | 2.03% | 2.60% | 3.02% | 3.15% | ... | ||||||||||||||
| Burkina Faso | % | ... | 16.7% | 16.6% | 19.4% | 18.9% | 16.3% | ... | ||||||||||||||
| Gambia | % | 11.8% | 11.5% | 12.3% | 11.7% | 11.7% | ||||||||||||||||
| Ghana | % | 1.10% | 0.853% | 4.21% | 7.70% | 5.68% | ... | |||||||||||||||
| Guinea | % | 10.2% | 11.7% | 4.23% | 12.9% | 17.3% | ... | |||||||||||||||
| Ivory Coast | % | ... | 4.85% | 3.82% | 4.93% | 4.55% | 3.40% | ... | ... | |||||||||||||
| Liberia | % | 32.2% | 11.7% | 12.1% | 4.11% | 8.75% | ... | ... | ||||||||||||||
| Mali | % | 2.35% | 2.86% | 2.63% | 2.41% | 2.39% | ... | |||||||||||||||
| Mauritania | % | ... | ... | ... | ... | ... | ... | ... | ... | 0.575% | 0.415% | 1.37% | 0.010% | 0.050% | ... | |||||||
| Niger | % | 1.13% | 1.11% | 1.21% | 1.02% | 0.882% | ... | |||||||||||||||
| Senegal | % | 8.94% | 8.16% | 5.22% | 6.07% | 7.48% | ... | |||||||||||||||
| Sierra Leone | % | 9.99% | 9.46% | 17.0% | 14.5% | 10.1% | ... |
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