The forecasted share of Insurance and Financial Services in Kenya's service imports remains stable at 11.25% from 2024 to 2027, with a slight increase to 11.26% in 2028. For context, this percentage stood at 11.24% in 2023. The year-on-year variations from 2024 to 2027 show no change, while the figures reflect a modest positive shift of 0.01 percentage points in 2028. Over the last two years, the CAGR indicates a near-flat growth, suggesting stability in this sector.
Trends to watch for future include:
- Technological advancements affecting insurance and financial services.
- Regulatory changes within Kenya's financial sector.
- Economic factors influencing service imports.
