Insurance and financial services in Zimbabwe
Zimbabwe: Insurance and financial services was 0.3% in 1994. ◆ Volatile
Insurance and financial services in Zimbabwe, 1977–1994
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Zimbabwe recorded 0.3% for insurance and financial services in 1994.
Compared with earlier readings it is down 58.0% on the previous year and down 77.3% over ten years.
Over the whole period, insurance and financial services in Zimbabwe peaked at 3.2% in 1979 and was at its lowest, 0.3%, in 1985.
Zimbabwe ranks 168th of 190 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Zimbabwe, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1977 | 3.0% | — |
| 1978 | 2.9% | -3.8% |
| 1979 | 3.2% | +10.3% |
| 1980 | 2.8% | -12.3% |
| 1981 | 2.0% | -28.1% |
| 1982 | 1.3% | -36.5% |
| 1983 | 1.4% | +13.4% |
| 1984 | 1.5% | +5.8% |
| 1985 | 0.3% | -78.1% |
| 1986 | 1.0% | +212.5% |
| 1987 | 1.1% | +3.8% |
| 1988 | 1.2% | +7.6% |
| 1989 | 1.0% | -15.5% |
| 1990 | 1.2% | +20.9% |
| 1991 | 1.2% | +3.4% |
| 1992 | 1.0% | -19.3% |
| 1993 | 0.8% | -17.1% |
| 1994 | 0.3% | -58.0% |
Zimbabwe compared with similar countries
- Zimbabwe's 0.3% is below the median for lower middle income countries, which is 1.8%, 20% of the median. (46 countries reporting)
- Zimbabwe's 0.3% is below the median for Sub-Saharan Africa, which is 3.3%, 10% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Zimbabwe 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 |
|---|---|---|---|
| 1986 | +212.5% | 0.3% | 1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.0% | 2.9% | 3.2% | 3 |
| 1980s | 1.4% | 0.3% | 2.8% | 10 |
| 1990s | 0.9% | 0.3% | 1.2% | 5 |
Countries ranked near Zimbabwe
More private sector data for Zimbabwe
- Merchandise trade 38.7% (2025)
- Food imports 19.0% (2024)
- Manufactures imports 58.3% (2024)
- Merchandise imports 10.11 billion current US$ (2025)
- Food exports 21.6% (2024)
- Manufactures exports 6.7% (2024)
- Merchandise exports 9.71 billion current US$ (2025)
- Merchandise exports (current US$), per capita 572.66 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1895 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 30.61 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Zimbabwe?
- Insurance and financial services in Zimbabwe was 0.3% in 1994, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Zimbabwe?
- The highest recorded value was 3.2% in 1979.
- What is the lowest insurance and financial services recorded in Zimbabwe?
- The lowest recorded value was 0.3% in 1985.
- How does Zimbabwe rank for insurance and financial services?
- Zimbabwe ranks 168th out of 190 countries with data for 1994.
- Is insurance and financial services rising or falling in Zimbabwe?
- Over the last ten years it is down 77.3%. The long-run trend across the full record is volatile.
- Where does this Zimbabwe 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.