Insurance and financial services in Congo
Congo: Insurance and financial services was 2.1% in 2021. ▲ Rising
Insurance and financial services in Congo, 1978–2021
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 Congo is 2.1%, measured in 2021.
Compared with earlier readings it is down 43.6% on the previous year and down 30.0% over ten years.
Over the whole period, insurance and financial services in Congo peaked at 9.0% in 2005 and was at its lowest, 1.3%, in 1992.
Congo ranks 176th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Insurance and financial services in Congo, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1978 | 4.5% | — |
| 1979 | 5.5% | +21.2% |
| 1980 | 3.5% | -36.1% |
| 1981 | 3.9% | +10.8% |
| 1982 | 3.2% | -17.8% |
| 1983 | 4.1% | +29.6% |
| 1984 | 6.4% | +53.4% |
| 1985 | 5.2% | -18.9% |
| 1986 | 4.3% | -17.4% |
| 1987 | 5.1% | +20.0% |
| 1988 | 4.7% | -7.6% |
| 1989 | 2.4% | -49.3% |
| 1990 | 1.6% | -35.3% |
| 1991 | 1.4% | -8.9% |
| 1992 | 1.3% | -6.5% |
| 1993 | 1.3% | +0.8% |
| 1994 | 1.4% | +7.1% |
| 1995 | 7.3% | +409.5% |
| 1996 | 4.9% | -32.6% |
| 1997 | 5.8% | +19.3% |
| 1998 | 3.5% | -39.6% |
| 1999 | 3.5% | -0.9% |
| 2000 | 4.6% | +32.8% |
| 2001 | 4.4% | -5.6% |
| 2002 | 3.9% | -12.0% |
| 2003 | 8.0% | +106.5% |
| 2004 | 6.3% | -21.1% |
| 2005 | 9.0% | +43.1% |
| 2006 | 6.2% | -31.0% |
| 2007 | 5.6% | -10.6% |
| 2008 | 6.0% | +8.1% |
| 2009 | 5.7% | -5.4% |
| 2010 | 4.5% | -21.2% |
| 2011 | 3.0% | -33.5% |
| 2012 | 3.1% | +5.0% |
| 2013 | 5.1% | +62.0% |
| 2014 | 4.5% | -10.5% |
| 2015 | 3.5% | -22.2% |
| 2016 | 7.4% | +110.7% |
| 2019 | 5.3% | -28.4% |
| 2020 | 3.7% | -30.5% |
| 2021 | 2.1% | -43.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.0% | 4.5% | 5.5% | 2 |
| 1980s | 4.3% | 2.4% | 6.4% | 10 |
| 1990s | 3.2% | 1.3% | 7.3% | 10 |
| 2000s | 6.0% | 3.9% | 9.0% | 10 |
| 2010s | 4.6% | 3.0% | 7.4% | 8 |
| 2020s | 2.9% | 2.1% | 3.7% | 2 |
Countries ranked near Congo
- 173 Estonia 2.2% compare
- 174 Papua New Guinea 2.1% compare
- 175 Lao People's Democratic Republic 2.1% compare
- 177 Botswana 2.1% compare
- 178 Sint Maarten (Dutch part) 2.0% compare
- 179 Republic of Moldova 1.9% compare
More private sector data for Congo
- Merchandise trade 94.4% (2025)
- Food imports 21.2% (2023)
- Manufactures imports 71.4% (2023)
- Merchandise imports 7.90 billion current US$ (2025)
- Food exports 0.2% (2023)
- Manufactures exports 10.3% (2023)
- Merchandise exports 7.50 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,157 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.4599 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -4.57 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Congo?
- Insurance and financial services in Congo was 2.1% in 2021, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Congo?
- The highest recorded value was 9.0% in 2005.
- What is the lowest insurance and financial services recorded in Congo?
- The lowest recorded value was 1.3% in 1992.
- How does Congo rank for insurance and financial services?
- Congo ranks 176th out of 197 countries with data for 2021.
- Is insurance and financial services rising or falling in Congo?
- Over the last ten years it is down 30.0%. The long-run trend across the full record is rising.
- Where does this Congo 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.