Insurance and financial services in Mali
Mali: Insurance and financial services was 4.0% in 2024. ▼ Falling
Insurance and financial services in Mali, 1975–2024
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 Mali is 4.0%, measured in 2024.
That represents a change of up 16.3% on the previous year and up 21.3% over ten years.
Over the whole period, insurance and financial services in Mali peaked at 7.3% in 1981 and was at its lowest, 1.4%, in 1995.
Mali ranks 133rd of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 50 years of available data.
Insurance and financial services in Mali, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1975 | 5.5% | — |
| 1976 | 5.7% | +5.1% |
| 1977 | 5.4% | -6.1% |
| 1978 | 6.1% | +12.4% |
| 1979 | 6.3% | +4.2% |
| 1980 | 6.7% | +6.6% |
| 1981 | 7.3% | +8.6% |
| 1982 | 6.6% | -9.6% |
| 1983 | 6.7% | +1.6% |
| 1984 | 6.9% | +2.6% |
| 1985 | 5.7% | -17.4% |
| 1986 | 5.1% | -10.6% |
| 1987 | 4.8% | -6.7% |
| 1988 | 1.7% | -64.6% |
| 1989 | 2.0% | +17.5% |
| 1990 | 1.9% | -1.7% |
| 1991 | 1.9% | +0.0% |
| 1992 | 1.7% | -14.6% |
| 1993 | 1.9% | +14.6% |
| 1994 | 1.5% | -21.9% |
| 1995 | 1.4% | -9.0% |
| 1996 | 1.8% | +35.0% |
| 1997 | 2.1% | +16.2% |
| 1998 | 2.3% | +8.9% |
| 1999 | 1.8% | -21.0% |
| 2000 | 4.1% | +124.6% |
| 2001 | 3.5% | -15.0% |
| 2002 | 5.7% | +63.2% |
| 2003 | 5.7% | -0.3% |
| 2004 | 6.5% | +15.0% |
| 2005 | 6.8% | +4.3% |
| 2006 | 5.0% | -26.4% |
| 2007 | 4.3% | -13.5% |
| 2008 | 4.6% | +7.2% |
| 2009 | 5.9% | +27.0% |
| 2010 | 4.6% | -22.5% |
| 2011 | 3.1% | -31.8% |
| 2012 | 3.5% | +12.8% |
| 2013 | 4.1% | +16.1% |
| 2014 | 3.3% | -18.5% |
| 2015 | 3.3% | -1.3% |
| 2016 | 3.1% | -4.2% |
| 2017 | 4.3% | +36.1% |
| 2018 | 3.6% | -16.8% |
| 2019 | 4.2% | +17.6% |
| 2020 | 4.0% | -3.6% |
| 2021 | 3.4% | -15.7% |
| 2022 | 3.2% | -6.6% |
| 2023 | 3.5% | +9.2% |
| 2024 | 4.0% | +16.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.8% | 5.4% | 6.3% | 5 |
| 1980s | 5.3% | 1.7% | 7.3% | 10 |
| 1990s | 1.8% | 1.4% | 2.3% | 10 |
| 2000s | 5.2% | 3.5% | 6.8% | 10 |
| 2010s | 3.7% | 3.1% | 4.6% | 10 |
| 2020s | 3.6% | 3.2% | 4.0% | 5 |
Countries ranked near Mali
- 130 Lithuania 4.3% compare
- 131 Solomon Islands 4.2% compare
- 132 Slovakia 4.1% compare
- 134 Venezuela, Bolivarian Republic of 4.0% compare
- 135 Côte d'Ivoire 4.0% compare
- 136 Syrian Arab Republic 3.9% compare
More private sector data for Mali
- Merchandise trade 39.3% (2025)
- Food imports 13.5% (2023)
- Manufactures imports 49.3% (2023)
- Merchandise imports 6.98 billion current US$ (2025)
- Food exports 6.2% (2023)
- Manufactures exports 6.5% (2023)
- Merchandise exports 4.86 billion current US$ (2025)
- Merchandise exports (current US$), per capita 192.67 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1615 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -12.27 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Mali?
- Insurance and financial services in Mali was 4.0% 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 Mali?
- The highest recorded value was 7.3% in 1981.
- What is the lowest insurance and financial services recorded in Mali?
- The lowest recorded value was 1.4% in 1995.
- How does Mali rank for insurance and financial services?
- Mali ranks 133rd out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Mali?
- Over the last ten years it is up 21.3%. The long-run trend across the full record is falling.
- Where does this Mali 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.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.