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Insurance and Financial Services (As % of Service Imports, BoP) in South Africa

Source: World Bank
Last Updated: September 1, 2025

Insurance and financial services as a percentage of service imports from the balance of payment reached 6.00% in 2024 in South Africa, according to the National Central Bank / OECD. This is 38.2% more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in South Africa reached an all time high of 16.2% in 1962 and an all time low of 1.80% in 2009.

South Africa has been ranked 56th within the group of 101 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment.

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