Insurance and financial services in Gabon
Gabon: Insurance and financial services was 5.6% in 2015. ▲ Rising
Insurance and financial services in Gabon, 1978–2015
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 Gabon is 5.6%, measured in 2015.
That represents a change of up 23.9% on the previous year and down 13.8% over ten years.
Over the whole period, insurance and financial services in Gabon peaked at 9.3% in 1999 and was at its lowest, 3.3%, in 2007.
Gabon ranks 109th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 37 years of available data.
Insurance and financial services in Gabon, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1978 | 6.4% | — |
| 1979 | 5.5% | -14.0% |
| 1980 | 5.9% | +7.0% |
| 1981 | 5.1% | -14.3% |
| 1982 | 4.4% | -13.8% |
| 1983 | 6.2% | +42.1% |
| 1984 | 3.6% | -42.2% |
| 1985 | 4.5% | +24.4% |
| 1986 | 4.8% | +7.7% |
| 1987 | 5.7% | +18.3% |
| 1988 | 6.2% | +8.7% |
| 1989 | 5.0% | -18.6% |
| 1990 | 5.3% | +4.5% |
| 1991 | 6.2% | +18.0% |
| 1992 | 6.1% | -1.8% |
| 1993 | 5.0% | -17.7% |
| 1994 | 3.7% | -25.9% |
| 1995 | 8.6% | +131.6% |
| 1996 | 8.8% | +2.1% |
| 1997 | 8.7% | -1.4% |
| 1998 | 8.4% | -3.6% |
| 1999 | 9.3% | +11.5% |
| 2000 | 8.3% | -10.7% |
| 2001 | 6.9% | -16.5% |
| 2002 | 6.5% | -5.9% |
| 2003 | 5.8% | -11.9% |
| 2004 | 5.8% | +0.9% |
| 2005 | 6.6% | +12.8% |
| 2007 | 3.3% | -49.1% |
| 2008 | 4.3% | +29.2% |
| 2009 | 7.4% | +71.5% |
| 2010 | 6.3% | -15.1% |
| 2011 | 6.7% | +7.4% |
| 2012 | 6.7% | +0.0% |
| 2013 | 5.2% | -22.1% |
| 2014 | 4.6% | -13.2% |
| 2015 | 5.6% | +23.9% |
Gabon compared with similar countries
- Gabon's 5.6% is below the median for upper middle income countries, which is 6.3%, 90% of the median. (55 countries reporting)
- Gabon's 5.6% is below the median for Sub-Saharan Africa, which is 6.5%, 86% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Gabon 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 |
|---|---|---|---|
| 1995 | +131.6% | 3.7% | 8.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.0% | 5.5% | 6.4% | 2 |
| 1980s | 5.1% | 3.6% | 6.2% | 10 |
| 1990s | 7.0% | 3.7% | 9.3% | 10 |
| 2000s | 6.1% | 3.3% | 8.3% | 9 |
| 2010s | 5.9% | 4.6% | 6.7% | 6 |
Countries ranked near Gabon
- 106 Palestine, State of 6.0% compare
- 107 Malaysia 5.9% compare
- 108 South Africa 5.7% compare
- 110 Kazakhstan 5.6% compare
- 111 Bangladesh 5.6% compare
- 112 Mongolia 5.5% compare
More private sector data for Gabon
- Merchandise trade 72.8% (2025)
- Food imports 15.7% (2023)
- Manufactures imports 76.4% (2023)
- Merchandise imports 4.00 billion current US$ (2025)
- Food exports 0.9% (2023)
- Manufactures exports 17.8% (2023)
- Merchandise exports 11.60 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,473 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.5414 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -10.77 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Gabon?
- Insurance and financial services in Gabon was 5.6% in 2015, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Gabon?
- The highest recorded value was 9.3% in 1999.
- What is the lowest insurance and financial services recorded in Gabon?
- The lowest recorded value was 3.3% in 2007.
- How does Gabon rank for insurance and financial services?
- Gabon ranks 109th out of 197 countries with data for 2015.
- Is insurance and financial services rising or falling in Gabon?
- Over the last ten years it is down 13.8%. The long-run trend across the full record is rising.
- Where does this Gabon 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.