Insurance and financial services in Mozambique
Mozambique: Insurance and financial services was 1.5% in 2024. ◆ Volatile
Insurance and financial services in Mozambique, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2024, insurance and financial services in Mozambique stood at 1.5%.
The figure is down 9.0% on the previous year and up 7,382.9% over ten years.
Over the whole period, insurance and financial services in Mozambique peaked at 6.7% in 2015 and was at its lowest, 0.0%, in 2014.
That places Mozambique 122nd out of 190 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Mozambique, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 2005 | 0.4% | — |
| 2006 | 0.5% | +12.9% |
| 2007 | 1.6% | +220.7% |
| 2008 | 0.9% | -40.4% |
| 2009 | 1.3% | +35.2% |
| 2010 | 1.6% | +31.5% |
| 2011 | 1.3% | -21.6% |
| 2012 | 0.4% | -72.0% |
| 2013 | 0.1% | -59.2% |
| 2014 | 0.0% | -86.7% |
| 2015 | 6.7% | +33793.2% |
| 2016 | 4.8% | -27.8% |
| 2017 | 1.7% | -64.4% |
| 2018 | 2.1% | +23.4% |
| 2019 | 3.2% | +49.6% |
| 2020 | 4.2% | +34.1% |
| 2021 | 3.6% | -14.4% |
| 2022 | 2.1% | -40.9% |
| 2023 | 1.6% | -24.7% |
| 2024 | 1.5% | -9.0% |
Mozambique compared with similar countries
- Mozambique's 1.5% is below the median for low income countries, which is 2.9%, 51% of the median. (21 countries reporting)
- Mozambique's 1.5% is below the median for Sub-Saharan Africa, which is 3.3%, 44% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Mozambique 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 |
|---|---|---|---|
| 2015 | +33793.2% | 0.0% | 6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9% | 0.4% | 1.6% | 5 |
| 2010s | 2.2% | 0.0% | 6.7% | 10 |
| 2020s | 2.6% | 1.5% | 4.2% | 5 |
Countries ranked near Mozambique
More private sector data for Mozambique
- Merchandise trade 77.5% (2025)
- Food imports 19.6% (2024)
- Manufactures imports 56.0% (2024)
- Merchandise imports 9.21 billion current US$ (2025)
- Food exports 12.3% (2024)
- Manufactures exports 4.6% (2024)
- Merchandise exports 8.10 billion current US$ (2025)
- Merchandise exports (current US$), per capita 227.33 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3626 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -1.35 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Mozambique?
- Insurance and financial services in Mozambique was 1.5% 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 Mozambique?
- The highest recorded value was 6.7% in 2015.
- What is the lowest insurance and financial services recorded in Mozambique?
- The lowest recorded value was 0.0% in 2014.
- How does Mozambique rank for insurance and financial services?
- Mozambique ranks 122nd out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Mozambique?
- Over the last ten years it is up 7,382.9%. The long-run trend across the full record is volatile.
- Where does this Mozambique 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 — 20 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.