Insurance & Financial Services Trade Statistics in Guinea-Bissau (2026)
In 2024, insurance and financial services exports in Guinea-Bissau stood at 20.7% of service exports, according to World Bank World Development Indicators data. Up from 13.8% in 2023 to 20.7% in 2024 (+6.8 percentage points). Guinea-Bissau ranks #5 of 40 economies in Sub-Saharan Africa on this measure, and #12 of 176 globally.
Key Statistics
- Latest value (2024)
- 20.7% (2024)
- Insurance & Financial Services Trade in Guinea-Bissau as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +6.8 pp (2024)
- Up from 13.8% in 2023 to 20.7% in 2024 (+6.8 percentage points).
- Earliest value in this dataset (2001)
- 1.7% (2001)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 1.7% in 2001 to 20.7% in 2024.
- Peak value (2020)
- 21.5% (2020)
- Highest value in the available series; the 2024 value is 20.7%.
- Rank in Sub-Saharan Africa
- #5 of 40 (2024)
- Guinea-Bissau ranks 5 of 40 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #12 of 176 (2024)
- Guinea-Bissau ranks 12 of 176 countries with data globally.
- Sub-Saharan Africa average
- 7% (2024)
- Guinea-Bissau (20.7%) is above the average of 7% across the 40 countries in Sub-Saharan Africa with data.
- Insurance and financial services (% of service imports, BoP) (2024)
- 3.9% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Guinea-Bissau (2024)
- 29.8% (2024)
- 29.8% of the population in Guinea-Bissau used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 2.2 million (2024)
- Guinea-Bissau had a population of 2.2 million in 2024 (World Bank); shown for scale only.
Trend, 2001–2024
| Year | % of service exports (BoP) | Change |
|---|---|---|
| 2024 | 20.7% | +6.8 pp |
| 2023 | 13.8% | +0.1 pp |
| 2022 | 13.7% | +0.2 pp |
| 2021 | 13.6% | −7.9 pp |
| 2020 | 21.5% | +12.9 pp |
| 2019 | 8.6% | −0.0 pp |
| 2018 | 8.6% | +0.8 pp |
| 2017 | 7.8% | +2.1 pp |
| 2016 | 5.7% | −1.4 pp |
| 2015 | 7.1% | +4.7 pp |
| 2014 | 2.4% | +0.9 pp |
| 2013 | 1.5% | −0.1 pp |
| 2012 | 1.6% | +1.2 pp |
| 2011 | 0.4% | −9.9 pp |
| 2010 | 10.3% | +1.5 pp |
| 2009 | 8.8% | +8.1 pp |
| 2008 | 0.6% | −3.6 pp |
| 2007 | 4.3% | −0.0 pp |
| 2006 | 4.3% | −10.4 pp |
| 2004 | 14.7% | +2.3 pp |
| 2003 | 12.4% | +2.5 pp |
| 2002 | 9.9% | +8.3 pp |
| 2001 | 1.7% | — |
Frequently asked questions
What is the latest figure for insurance and financial services exports in Guinea-Bissau?
Insurance and financial services exports in Guinea-Bissau stood at 20.7% of service exports in 2024, according to World Bank World Development Indicators data.
Where does the insurance & financial services trade data for Guinea-Bissau come from?
The data comes from the World Bank World Development Indicators (indicator BX.GSR.INSF.ZS). The latest observation for Guinea-Bissau is from 2024; the snapshot was retrieved on 2026-06-10.
How has insurance & financial services trade in Guinea-Bissau changed over time?
World Bank World Development Indicators data show a rise from 1.7% in 2001 to 20.7% in 2024.
Source & methodology
Source: World Bank, World Development Indicators, indicator
BX.GSR.INSF.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .