Nigeria - Insurance and financial services exports

Insurance and financial services (% of commercial service exports)

The value for Insurance and financial services (% of commercial service exports) in Nigeria was 26.89 as of 2020. As the graph below shows, over the past 43 years this indicator reached a maximum value of 26.89 in 2020 and a minimum value of 0.11 in 2003.

Definition: Insurance and financial services cover freight insurance on goods exported and other direct insurance such as life insurance; financial intermediation services such as commissions, foreign exchange transactions, and brokerage services; and auxiliary services such as financial market operational and regulatory services.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1977 1.01
1978 5.04
1979 7.08
1980 6.61
1981 4.84
1982 3.65
1983 3.68
1984 4.07
1985 5.46
1986 1.12
1987 0.53
1988 2.55
1989 0.22
1990 0.28
1991 0.74
1992 1.12
1993 0.95
1994 0.43
1995 0.60
1996 0.27
1997 0.43
1998 0.42
1999 0.85
2000 0.85
2001 0.85
2002 0.85
2003 0.11
2004 0.17
2005 0.80
2006 0.62
2007 1.63
2008 0.83
2009 0.50
2010 0.57
2011 0.76
2012 0.63
2013 1.36
2014 2.41
2015 11.10
2016 10.10
2017 7.94
2018 17.56
2019 18.00
2020 26.89

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports