Insurance and financial services in Niger
Niger: Insurance and financial services was 1.0% in 2024. ◆ Volatile
Insurance and financial services in Niger, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Niger recorded 1.0% for insurance and financial services in 2024.
That represents a change of down 7.9% on the previous year and down 27.0% over ten years.
Over the whole period, insurance and financial services in Niger peaked at 8.8% in 1974 and was at its lowest, 0.3%, in 2013.
Niger ranks 194th of 197 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 Niger, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1974 | 8.8% | — |
| 1975 | 8.8% | -0.2% |
| 1976 | 8.0% | -8.9% |
| 1977 | 6.5% | -18.9% |
| 1978 | 6.1% | -6.0% |
| 1979 | 6.2% | +1.2% |
| 1980 | 7.0% | +14.0% |
| 1981 | 7.4% | +4.7% |
| 1982 | 7.6% | +3.3% |
| 1983 | 8.3% | +9.2% |
| 1984 | 8.7% | +3.9% |
| 1985 | 8.5% | -2.3% |
| 1986 | 5.6% | -33.7% |
| 1987 | 5.6% | -0.9% |
| 1988 | 5.6% | +0.5% |
| 1989 | 6.4% | +14.2% |
| 1990 | 4.3% | -33.1% |
| 1991 | 4.6% | +8.5% |
| 1992 | 4.7% | +1.5% |
| 1993 | 5.8% | +23.6% |
| 1994 | 2.0% | -65.2% |
| 1995 | 2.6% | +27.6% |
| 1996 | 2.2% | -15.1% |
| 1997 | 2.7% | +22.5% |
| 1998 | 2.2% | -18.4% |
| 1999 | 2.4% | +9.9% |
| 2000 | 2.8% | +16.8% |
| 2001 | 2.1% | -24.8% |
| 2002 | 2.2% | +4.2% |
| 2003 | 2.1% | -6.3% |
| 2004 | 3.0% | +43.8% |
| 2005 | 2.2% | -26.6% |
| 2006 | 3.1% | +42.7% |
| 2007 | 3.3% | +5.4% |
| 2008 | 3.7% | +11.8% |
| 2009 | 3.5% | -4.1% |
| 2010 | 5.1% | +46.3% |
| 2011 | 1.3% | -74.8% |
| 2012 | 0.6% | -50.3% |
| 2013 | 0.3% | -47.8% |
| 2014 | 1.4% | +314.7% |
| 2015 | 1.5% | +6.9% |
| 2016 | 1.1% | -28.6% |
| 2017 | 1.2% | +14.8% |
| 2018 | 1.1% | -6.8% |
| 2019 | 1.1% | -2.3% |
| 2020 | 1.2% | +8.9% |
| 2021 | 1.0% | -14.5% |
| 2022 | 0.9% | -14.0% |
| 2023 | 1.1% | +24.3% |
| 2024 | 1.0% | -7.9% |
Niger compared with similar countries
- Niger's 1.0% is below the median for low income countries, which is 4.2%, 24% of the median. (22 countries reporting)
- Niger's 1.0% is below the median for Sub-Saharan Africa, which is 6.5%, 16% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Niger 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 |
|---|---|---|---|
| 2014 | +314.7% | 0.3% | 1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.4% | 6.1% | 8.8% | 6 |
| 1980s | 7.1% | 5.6% | 8.7% | 10 |
| 1990s | 3.3% | 2.0% | 5.8% | 10 |
| 2000s | 2.8% | 2.1% | 3.7% | 10 |
| 2010s | 1.5% | 0.3% | 5.1% | 10 |
| 2020s | 1.1% | 0.9% | 1.2% | 5 |
Countries ranked near Niger
- 191 Afghanistan 1.4% compare
- 192 Guyana 1.2% compare
- 193 North Macedonia 1.2% compare
- 195 Faroe Islands 0.8% compare
- 196 Marshall Islands 0.3% compare
- 197 Mauritania 0.0% compare
More private sector data for Niger
- Merchandise trade 21.3% (2025)
- Food imports 37.9% (2024)
- Manufactures imports 47.5% (2024)
- Merchandise imports 2.70 billion current US$ (2025)
- Food exports 4.1% (2024)
- Manufactures exports 7.3% (2024)
- Merchandise exports 1.90 billion current US$ (2025)
- Merchandise exports (current US$), per capita 68.06 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0878 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 25.33 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Niger?
- Insurance and financial services in Niger was 1.0% 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 Niger?
- The highest recorded value was 8.8% in 1974.
- What is the lowest insurance and financial services recorded in Niger?
- The lowest recorded value was 0.3% in 2013.
- How does Niger rank for insurance and financial services?
- Niger ranks 194th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Niger?
- Over the last ten years it is down 27.0%. The long-run trend across the full record is volatile.
- Where does this Niger 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
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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.