Insurance and financial services in Niger
Niger: Insurance and financial services was 10.4% in 2024. ◆ Volatile
Insurance and financial services in Niger, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Niger recorded 10.4% for insurance and financial services in 2024.
The figure is down 22.5% on the previous year and up 798.4% over ten years.
Over the whole period, insurance and financial services in Niger peaked at 18.2% in 1986 and was at its lowest, 0.0%, in 1974.
That places Niger 35th out of 190 countries with data for 2024, putting it 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 Niger, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1974 | 0.0% | — |
| 1975 | 0.2% | +900.5% |
| 1976 | 0.6% | +242.5% |
| 1977 | 0.5% | -21.4% |
| 1978 | 0.2% | -64.2% |
| 1979 | 0.2% | -6.5% |
| 1980 | 0.5% | +182.4% |
| 1981 | 0.1% | -83.4% |
| 1982 | 0.0% | -55.4% |
| 1983 | 6.6% | +18542.4% |
| 1984 | 4.1% | -37.2% |
| 1985 | 12.0% | +192.2% |
| 1986 | 18.2% | +51.4% |
| 1987 | 7.2% | -60.4% |
| 1988 | 7.6% | +4.9% |
| 1989 | 18.2% | +140.2% |
| 1990 | 13.5% | -25.7% |
| 1991 | 12.5% | -7.3% |
| 1992 | 7.5% | -40.0% |
| 1993 | 11.8% | +57.0% |
| 1994 | 0.0% | -99.6% |
| 1995 | 0.0% | -30.0% |
| 1996 | 1.9% | +5861.8% |
| 1997 | 1.5% | -23.2% |
| 1998 | 2.9% | +96.1% |
| 1999 | 1.1% | -63.5% |
| 2000 | 4.0% | +269.8% |
| 2001 | 1.3% | -66.9% |
| 2002 | 3.1% | +136.2% |
| 2003 | 1.3% | -57.7% |
| 2004 | 1.4% | +9.2% |
| 2005 | 1.1% | -24.9% |
| 2006 | 4.4% | +311.5% |
| 2007 | 6.9% | +57.1% |
| 2008 | 6.8% | -2.3% |
| 2009 | 2.9% | -56.9% |
| 2010 | 5.2% | +77.7% |
| 2011 | 0.2% | -95.6% |
| 2012 | 8.2% | +3488.1% |
| 2013 | 3.5% | -57.2% |
| 2014 | 1.2% | -67.3% |
| 2015 | 2.3% | +96.0% |
| 2016 | 2.1% | -8.6% |
| 2017 | 1.1% | -44.7% |
| 2018 | 2.0% | +71.1% |
| 2019 | 1.9% | -3.4% |
| 2020 | 0.5% | -70.9% |
| 2021 | 2.4% | +340.3% |
| 2022 | 6.9% | +187.7% |
| 2023 | 13.4% | +92.4% |
| 2024 | 10.4% | -22.5% |
Niger compared with similar countries
- Niger's 10.4% is above the median for low income countries, which is 2.9%, 3.6× the median. (21 countries reporting)
- Niger's 10.4% is above the median for Sub-Saharan Africa, which is 3.3%, 3.1× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Niger 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 |
|---|---|---|---|
| 1983 | +18542.4% | 0.0% | 6.6% |
| 1996 | +5861.8% | 0.0% | 1.9% |
| 2012 | +3488.1% | 0.2% | 8.2% |
| 1975 | +900.5% | 0.0% | 0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.3% | 0.0% | 0.6% | 6 |
| 1980s | 7.4% | 0.0% | 18.2% | 10 |
| 1990s | 5.3% | 0.0% | 13.5% | 10 |
| 2000s | 3.3% | 1.1% | 6.9% | 10 |
| 2010s | 2.8% | 0.2% | 8.2% | 10 |
| 2020s | 6.7% | 0.5% | 13.4% | 5 |
Countries ranked near Niger
- 32 Iran, Islamic Republic of 10.7% compare
- 33 Guyana 10.5% compare
- 34 Tajikistan 10.5% compare
- 36 Panama 9.9% compare
- 37 South Africa 9.8% compare
- 38 Canada 9.8% compare
More private sector data for Niger
- Merchandise trade 21.3% (2025)
- Food imports 37.9% (2024)
- Manufactures imports 47.5% (2024)
- Merchandise imports 2.70 billion current US$ (2025)
- Food exports 4.1% (2024)
- Manufactures exports 7.3% (2024)
- Merchandise exports 1.90 billion current US$ (2025)
- Merchandise exports (current US$), per capita 68.06 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0878 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 25.33 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Niger?
- Insurance and financial services in Niger was 10.4% 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 Niger?
- The highest recorded value was 18.2% in 1986.
- What is the lowest insurance and financial services recorded in Niger?
- The lowest recorded value was 0.0% in 1974.
- How does Niger rank for insurance and financial services?
- Niger ranks 35th out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Niger?
- Over the last ten years it is up 798.4%. The long-run trend across the full record is volatile.
- Where does this Niger 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.