Insurance and financial services in Mali
Mali: Insurance and financial services was 11.3% in 2024. ◆ Volatile
Insurance and financial services in Mali, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Mali recorded 11.3% for insurance and financial services in 2024. That is the highest value across all 50 years on record.
That represents a change of up 162.3% on the previous year and up 579.0% over ten years.
Over the whole period, insurance and financial services in Mali peaked at 11.3% in 2024 and was at its lowest, 0.6%, in 2008.
Mali ranks 29th of 190 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Mali, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1975 | 2.9% | — |
| 1976 | 2.8% | -5.6% |
| 1977 | 2.6% | -4.6% |
| 1978 | 2.3% | -13.6% |
| 1979 | 1.9% | -18.4% |
| 1980 | 1.5% | -18.3% |
| 1981 | 1.5% | +0.4% |
| 1982 | 1.6% | +2.8% |
| 1983 | 1.6% | +3.6% |
| 1984 | 2.2% | +36.1% |
| 1985 | 1.4% | -35.6% |
| 1986 | 1.1% | -23.4% |
| 1987 | 1.4% | +31.4% |
| 1988 | 6.4% | +345.7% |
| 1989 | 4.3% | -32.9% |
| 1990 | 4.9% | +14.4% |
| 1991 | 8.6% | +76.1% |
| 1992 | 6.5% | -24.6% |
| 1993 | 6.0% | -7.6% |
| 1994 | 5.8% | -3.9% |
| 1995 | 5.1% | -12.2% |
| 1996 | 8.6% | +69.4% |
| 1997 | 8.1% | -5.9% |
| 1998 | 3.0% | -62.8% |
| 1999 | 1.8% | -41.4% |
| 2000 | 2.5% | +42.3% |
| 2001 | 2.9% | +15.3% |
| 2002 | 2.8% | -3.8% |
| 2003 | 1.5% | -44.6% |
| 2004 | 2.3% | +50.9% |
| 2005 | 2.9% | +26.9% |
| 2006 | 2.4% | -18.0% |
| 2007 | 1.3% | -45.7% |
| 2008 | 0.6% | -57.3% |
| 2009 | 2.1% | +271.5% |
| 2010 | 2.2% | +4.1% |
| 2011 | 1.6% | -24.8% |
| 2012 | 5.3% | +227.2% |
| 2013 | 2.4% | -54.7% |
| 2014 | 1.7% | -31.0% |
| 2015 | 2.2% | +31.6% |
| 2016 | 3.5% | +59.0% |
| 2017 | 1.1% | -67.1% |
| 2018 | 1.1% | -4.8% |
| 2019 | 2.9% | +169.2% |
| 2020 | 4.1% | +38.8% |
| 2021 | 2.2% | -45.9% |
| 2022 | 2.5% | +13.5% |
| 2023 | 4.3% | +72.2% |
| 2024 | 11.3% | +162.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.5% | 1.9% | 2.9% | 5 |
| 1980s | 2.3% | 1.1% | 6.4% | 10 |
| 1990s | 5.8% | 1.8% | 8.6% | 10 |
| 2000s | 2.1% | 0.6% | 2.9% | 10 |
| 2010s | 2.4% | 1.1% | 5.3% | 10 |
| 2020s | 4.9% | 2.2% | 11.3% | 5 |
Countries ranked near Mali
More private sector data for Mali
- Merchandise trade 39.3% (2025)
- Food imports 13.5% (2023)
- Manufactures imports 49.3% (2023)
- Merchandise imports 6.98 billion current US$ (2025)
- Food exports 6.2% (2023)
- Manufactures exports 6.5% (2023)
- Merchandise exports 4.86 billion current US$ (2025)
- Merchandise exports (current US$), per capita 192.67 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1615 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -12.27 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Mali?
- Insurance and financial services in Mali was 11.3% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Mali?
- The highest recorded value was 11.3% in 2024.
- What is the lowest insurance and financial services recorded in Mali?
- The lowest recorded value was 0.6% in 2008.
- How does Mali rank for insurance and financial services?
- Mali ranks 29th out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Mali?
- Over the last ten years it is up 579.0%. The long-run trend across the full record is volatile.
- Where does this Mali 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.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.