Insurance and financial services in Central African Republic
Central African Republic: Insurance and financial services was 7.9% in 1994. ▲ Rising
Insurance and financial services in Central African Republic, 1977–1994
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
The most recent figure for insurance and financial services in Central African Republic is 7.9%, measured in 1994.
The figure is down 0.8% on the previous year and up 13.1% over ten years.
Over the whole period, insurance and financial services in Central African Republic peaked at 9.0% in 1991 and was at its lowest, 5.2%, in 1980.
That places Central African Republic 75th out of 197 countries with data for 1994, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Insurance and financial services in Central African Republic, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1977 | 7.1% | — |
| 1978 | 6.1% | -15.0% |
| 1979 | 7.9% | +30.9% |
| 1980 | 5.2% | -34.2% |
| 1981 | 6.2% | +18.9% |
| 1982 | 5.8% | -7.1% |
| 1983 | 5.8% | -0.5% |
| 1984 | 7.0% | +21.6% |
| 1985 | 7.1% | +2.2% |
| 1986 | 7.9% | +10.8% |
| 1987 | 8.3% | +5.0% |
| 1988 | 7.9% | -5.2% |
| 1989 | 8.0% | +1.6% |
| 1990 | 8.9% | +11.0% |
| 1991 | 9.0% | +1.1% |
| 1992 | 8.4% | -6.2% |
| 1993 | 8.0% | -5.5% |
| 1994 | 7.9% | -0.8% |
Central African Republic compared with similar countries
- Central African Republic's 7.9% is above the median for low income countries, which is 4.2%, 1.9× the median. (22 countries reporting)
- Central African Republic's 7.9% is above the median for Sub-Saharan Africa, which is 6.5%, 1.2× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.1% | 6.1% | 7.9% | 3 |
| 1980s | 6.9% | 5.2% | 8.3% | 10 |
| 1990s | 8.4% | 7.9% | 9.0% | 5 |
Countries ranked near Central African Republic
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 7.9% 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 Central African Republic?
- The highest recorded value was 9.0% in 1991.
- What is the lowest insurance and financial services recorded in Central African Republic?
- The lowest recorded value was 5.2% in 1980.
- How does Central African Republic rank for insurance and financial services?
- Central African Republic ranks 75th out of 197 countries with data for 1994.
- Is insurance and financial services rising or falling in Central African Republic?
- Over the last ten years it is up 13.1%. 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 imports). 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 imports which are commercial services provided by non-residents to residents.