Insurance & Financial Services Trade Statistics in Sierra Leone (2026)
Sierra Leone recorded insurance and financial services exports of 32.7% of service exports in 2024, World Bank World Development Indicators data show. Down from 39.3% in 2023 to 32.7% in 2024 (−6.6 percentage points). Sierra Leone ranks #1 of 40 economies in Sub-Saharan Africa on this measure, and #4 of 176 globally.
Key Statistics
- Latest value (2024)
- 32.7% (2024)
- Insurance & Financial Services Trade in Sierra Leone as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- −6.6 pp (2024)
- Down from 39.3% in 2023 to 32.7% in 2024 (−6.6 percentage points).
- Earliest value in this dataset (1991)
- 0.1% (1991)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 0.1% in 1991 to 32.7% in 2024.
- Peak value (2021)
- 48.2% (2021)
- Highest value in the available series; the 2024 value is 32.7%.
- Rank in Sub-Saharan Africa
- #1 of 40 (2024)
- Sierra Leone ranks 1 of 40 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #4 of 176 (2024)
- Sierra Leone ranks 4 of 176 countries with data globally.
- Sub-Saharan Africa average
- 7% (2024)
- Sierra Leone (32.7%) 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)
- 9.4% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Sierra Leone (2024)
- 25.1% (2024)
- 25.1% of the population in Sierra Leone used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 8.6 million (2024)
- Sierra Leone had a population of 8.6 million in 2024 (World Bank); shown for scale only.
Trend, 1991–2024
| Year | % of service exports (BoP) | Change |
|---|---|---|
| 2024 | 32.7% | −6.6 pp |
| 2023 | 39.3% | +63.0 pp |
| 2022 | -23.7% | −71.9 pp |
| 2021 | 48.2% | +40.3 pp |
| 2020 | 7.9% | +2.3 pp |
| 2019 | 5.6% | −1.8 pp |
| 2018 | 7.4% | −0.1 pp |
| 2017 | 7.4% | −1.0 pp |
| 2016 | 8.4% | +6.4 pp |
| 2015 | 2% | +1.3 pp |
| 2014 | 0.7% | +0.2 pp |
| 2013 | 0.4% | −0.2 pp |
| 2012 | 0.6% | +0.1 pp |
| 2011 | 0.6% | −0.9 pp |
| 2010 | 1.5% | +0.7 pp |
| 2009 | 0.8% | −0.9 pp |
| 2008 | 1.7% | −0.3 pp |
| 2007 | 2% | −4.1 pp |
| 2006 | 6.1% | +3.1 pp |
| 2005 | 3% | +2.2 pp |
| 2004 | 0.8% | +0.6 pp |
| 2003 | 0.2% | −0.8 pp |
| 2002 | 1% | +1.0 pp |
| 2001 | 0.1% | −0.0 pp |
| 2000 | 0.1% | −0.0 pp |
| 1999 | 0.1% | −0.1 pp |
| 1998 | 0.2% | +0.1 pp |
| 1997 | 0.1% | −0.0 pp |
| 1996 | 0.1% | −0.1 pp |
| 1995 | 0.2% | +0.0 pp |
| 1994 | 0.2% | +0.1 pp |
| 1993 | 0.1% | −0.0 pp |
| 1992 | 0.1% | −0.0 pp |
| 1991 | 0.1% | — |
Frequently asked questions
What is the latest figure for insurance and financial services exports in Sierra Leone?
Insurance and financial services exports in Sierra Leone stood at 32.7% of service exports in 2024, according to World Bank World Development Indicators data.
How recent is the insurance & financial services trade data for Sierra Leone?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for Sierra Leone.
Where does the insurance & financial services trade data for Sierra Leone come from?
The data comes from the World Bank World Development Indicators (indicator BX.GSR.INSF.ZS). The latest observation for Sierra Leone is from 2024; the snapshot was retrieved on 2026-06-10.
How has insurance & financial services trade in Sierra Leone changed over time?
World Bank World Development Indicators data show a rise from 0.1% in 1991 to 32.7% in 2024.
How does Sierra Leone compare with other countries in Sub-Saharan Africa?
Sierra Leone ranks 1 of 40 countries in Sub-Saharan Africa with data, with 32.7% versus a regional average of 7% (latest values per country).
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 .