Insurance and financial services in Central African Republic
Central African Republic: Insurance and financial services was 19.6% in 1993. ▲ Rising
Insurance and financial services in Central African Republic, 1977–1993
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 1993, insurance and financial services in Central African Republic stood at 19.6%.
That represents a change of down 35.8% on the previous year and up 110.9% over ten years.
Over the whole period, insurance and financial services in Central African Republic peaked at 30.5% in 1992 and was at its lowest, 4.9%, in 1979.
Central African Republic ranks 16th of 190 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Insurance and financial services in Central African Republic, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1977 | 9.7% | — |
| 1978 | 9.7% | +0.1% |
| 1979 | 4.9% | -49.9% |
| 1980 | 16.3% | +234.2% |
| 1981 | 7.0% | -56.9% |
| 1982 | 7.2% | +3.1% |
| 1983 | 9.3% | +28.3% |
| 1984 | 11.3% | +21.6% |
| 1985 | 13.4% | +18.5% |
| 1986 | 15.3% | +14.2% |
| 1987 | 12.8% | -16.1% |
| 1988 | 25.0% | +95.3% |
| 1989 | 16.7% | -33.1% |
| 1990 | 18.8% | +12.5% |
| 1991 | 27.8% | +47.5% |
| 1992 | 30.5% | +9.7% |
| 1993 | 19.6% | -35.8% |
Central African Republic compared with similar countries
- Central African Republic's 19.6% is above the median for low income countries, which is 2.9%, 6.8× the median. (21 countries reporting)
- Central African Republic's 19.6% is above the median for Sub-Saharan Africa, which is 3.3%, 5.9× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Central African Republic changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +234.2% | 4.9% | 16.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.1% | 4.9% | 9.7% | 3 |
| 1980s | 13.4% | 7.0% | 25.0% | 10 |
| 1990s | 24.2% | 18.8% | 30.5% | 4 |
Countries ranked near Central African Republic
- 13 United States of America 20.2% compare
- 14 Bermuda 20.0%
- 15 Cyprus 19.7%
- 17 Guinea 18.3% compare
- 18 Burkina Faso 18.2%
- 19 Burundi 15.6% compare
More private sector data for Central African Republic
- Merchandise trade 27.0% (2025)
- Food imports 20.9% (2024)
- Manufactures imports 51.1% (2024)
- Merchandise imports 573.00 million current US$ (2025)
- Food exports 0.2% (2024)
- Manufactures exports 71.8% (2024)
- Merchandise exports 255.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 46.25 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0832 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 110.74 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Central African Republic?
- Insurance and financial services in Central African Republic was 19.6% in 1993, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Central African Republic?
- The highest recorded value was 30.5% in 1992.
- What is the lowest insurance and financial services recorded in Central African Republic?
- The lowest recorded value was 4.9% in 1979.
- How does Central African Republic rank for insurance and financial services?
- Central African Republic ranks 16th out of 190 countries with data for 1993.
- Is insurance and financial services rising or falling in Central African Republic?
- Over the last ten years it is up 110.9%. The long-run trend across the full record is rising.
- Where does this Central African Republic data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.