Insurance and financial services in South Sudan
South Sudan: Insurance and financial services was 1.6% in 2023. ◆ Volatile
Insurance and financial services in South Sudan, 2014–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
In 2023, insurance and financial services in South Sudan stood at 1.6%.
The figure is down 54.0% on the previous year and down 91.9% over ten years.
Over the whole period, insurance and financial services in South Sudan peaked at 19.3% in 2014 and was at its lowest, 1.4%, in 2021.
South Sudan ranks 186th 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 South Sudan, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2014 | 19.3% | — |
| 2015 | 10.8% | -43.8% |
| 2016 | 17.6% | +63.1% |
| 2017 | 12.1% | -31.3% |
| 2018 | 3.8% | -68.9% |
| 2019 | 1.8% | -52.4% |
| 2020 | 1.8% | +1.6% |
| 2021 | 1.4% | -24.8% |
| 2022 | 3.4% | +148.4% |
| 2023 | 1.6% | -54.0% |
South Sudan compared with similar countries
- South Sudan's 1.6% is below the median for low income countries, which is 4.2%, 37% of the median. (22 countries reporting)
- South Sudan's 1.6% is below the median for Sub-Saharan Africa, which is 6.5%, 24% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.9% | 1.8% | 19.3% | 6 |
| 2020s | 2.0% | 1.4% | 3.4% | 4 |
Countries ranked near South Sudan
More private sector data for South Sudan
- Merchandise trade 37.2% (2025)
- Merchandise imports 1.27 billion current US$ (2025)
- Merchandise exports 955.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 78.35 current US$ per person (2025)
- Merchandise exports (current US$), annual growth rate 7.18 % change on previous year (2025)
- Merchandise imports (current US$), per capita 104.28 current US$ per person (2025)
- Merchandise imports (current US$), annual growth rate 7.08 % change on previous year (2025)
- Commercial service exports (current US$), per capita 33.38 current US$ per person (2023)
- Commercial service exports 383.32 million current US$ (2023)
- Transport services 63.4% (2023)
Frequently asked questions
- What is insurance and financial services in South Sudan?
- Insurance and financial services in South Sudan was 1.6% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in South Sudan?
- The highest recorded value was 19.3% in 2014.
- What is the lowest insurance and financial services recorded in South Sudan?
- The lowest recorded value was 1.4% in 2021.
- How does South Sudan rank for insurance and financial services?
- South Sudan ranks 186th out of 197 countries with data for 2023.
- Is insurance and financial services rising or falling in South Sudan?
- Over the last ten years it is down 91.9%. The long-run trend across the full record is volatile.
- Where does this South Sudan 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.