Insurance and financial services in Sudan
Sudan: Insurance and financial services was 3.9% in 2022. ◆ Volatile
Insurance and financial services in Sudan, 1977–2022
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
In 2022, insurance and financial services in Sudan stood at 3.9%.
That represents a change of down 61.8% on the previous year and down 60.1% over ten years.
Over the whole period, insurance and financial services in Sudan peaked at 14.7% in 2014 and was at its lowest, -0.1%, in 1999.
That places Sudan 139th out of 197 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Sudan, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1977 | 5.2% | — |
| 1978 | 3.6% | -30.4% |
| 1979 | 4.3% | +17.2% |
| 1980 | 5.0% | +17.1% |
| 1981 | 3.8% | -24.3% |
| 1982 | 2.6% | -31.4% |
| 1983 | 2.2% | -15.4% |
| 1984 | 2.1% | -3.7% |
| 1985 | 1.2% | -42.3% |
| 1986 | 1.9% | +58.2% |
| 1987 | 3.9% | +100.2% |
| 1988 | 3.3% | -15.5% |
| 1989 | 6.1% | +87.4% |
| 1990 | 4.9% | -19.9% |
| 1991 | 6.9% | +41.2% |
| 1992 | 4.8% | -31.0% |
| 1993 | 0.2% | -95.8% |
| 1994 | 3.3% | +1526.8% |
| 1995 | 0.3% | -89.8% |
| 1996 | 0.7% | +94.9% |
| 1997 | 0.2% | -63.5% |
| 1998 | 0.0% | -79.0% |
| 1999 | -0.1% | -248.6% |
| 2000 | 0.0% | -142.7% |
| 2002 | 0.1% | +157.9% |
| 2003 | 0.0% | -75.6% |
| 2004 | 0.2% | +710.9% |
| 2005 | 13.9% | +8493.5% |
| 2006 | 7.0% | -49.7% |
| 2007 | 7.0% | +0.5% |
| 2008 | 8.2% | +17.4% |
| 2009 | 10.2% | +24.1% |
| 2010 | 9.4% | -8.1% |
| 2011 | 8.2% | -12.8% |
| 2012 | 9.7% | +18.6% |
| 2013 | 11.2% | +15.6% |
| 2014 | 14.7% | +31.1% |
| 2015 | 0.5% | -96.9% |
| 2016 | 1.2% | +170.4% |
| 2017 | 6.1% | +394.0% |
| 2018 | 6.7% | +10.0% |
| 2019 | 8.2% | +21.6% |
| 2020 | 9.3% | +13.6% |
| 2021 | 10.1% | +8.9% |
| 2022 | 3.9% | -61.8% |
Sudan compared with similar countries
- Sudan's 3.9% is below the median for low income countries, which is 4.2%, 93% of the median. (22 countries reporting)
- Sudan's 3.9% is below the median for Sub-Saharan Africa, which is 6.5%, 59% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Sudan 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 |
|---|---|---|---|
| 2005 | +8493.5% | 0.2% | 13.9% |
| 1994 | +1526.8% | 0.2% | 3.3% |
| 2004 | +710.9% | 0.0% | 0.2% |
| 2017 | +394.0% | 1.2% | 6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.4% | 3.6% | 5.2% | 3 |
| 1980s | 3.2% | 1.2% | 6.1% | 10 |
| 1990s | 2.1% | -0.1% | 6.9% | 10 |
| 2000s | 5.2% | 0.0% | 13.9% | 9 |
| 2010s | 7.6% | 0.5% | 14.7% | 10 |
| 2020s | 7.8% | 3.9% | 10.1% | 3 |
Countries ranked near Sudan
More private sector data for Sudan
- Merchandise trade 15.0% (2025)
- Food imports 29.9% (2018)
- Manufactures imports 56.0% (2018)
- Merchandise imports 6.20 billion current US$ (2025)
- Food exports 50.6% (2018)
- Manufactures exports 1.1% (2018)
- Merchandise exports 2.80 billion current US$ (2025)
- Merchandise exports (current US$), per capita 54.2 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0465 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -10.66 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Sudan?
- Insurance and financial services in Sudan was 3.9% in 2022, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Sudan?
- The highest recorded value was 14.7% in 2014.
- What is the lowest insurance and financial services recorded in Sudan?
- The lowest recorded value was -0.1% in 1999.
- How does Sudan rank for insurance and financial services?
- Sudan ranks 139th out of 197 countries with data for 2022.
- Is insurance and financial services rising or falling in Sudan?
- Over the last ten years it is down 60.1%. The long-run trend across the full record is volatile.
- Where does this 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.