Forecast: Insurance and Financial Services Exports in Cameroon

Insurance and financial services exports in Cameroon have experienced significant fluctuations over the last decade. In 2017, exports surged by 64.44%, peaking at a value of 10.1 units. However, this growth was not sustained, with values declining sharply over the next few years, including a significant drop of 40.61% in 2021. By 2023, exports had somewhat recovered to stand at 5.87 units, reflecting a 38% year-on-year increase from 2022. The compound annual growth rate (CAGR) over the last five years has been negative at -9.62%, indicating a general trend of decline.

Forecasts for 2024 and the following years suggest a stabilization in the sector, with values expected to hover around 5.87 units. This forecast indicates a marginal five-year CAGR of -0.04%, suggesting minimal growth through to 2028.

Future trends to watch for include:

  • Stability and potential gradual recovery post-2024.
  • Impact of global economic conditions and policy changes on the insurance and financial sector.
  • Potential for technological advancements and innovations to drive future growth.

Top Countries about Financial Services