Benin vs Latin America & Caribbean (excluding high income): Insurance and financial services
Insurance and financial services over time
- Benin
- Latin America & Caribbean (excluding high income)
How they compare
Benin currently reports 11.2% against 5.3% in Latin America & Caribbean (excluding high income), a difference of 5.9%.
That makes Benin's figure about 2.1 times Latin America & Caribbean (excluding high income)'s.
The two have swapped places 7 times across 42 shared years of data; in 1979 it was Latin America & Caribbean (excluding high income) ahead.
Benin ranks 24th and Latin America & Caribbean (excluding high income) ranks 23rd of 190 countries.
Across the 6 decades both report, Benin averaged higher in 3 and Latin America & Caribbean (excluding high income) in 3.
Head to head by decade
| Decade | Benin | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.6% | 5.8% | 3.2% | Latin America & Caribbean (excluding high income) |
| 1980s | 2.9% | 6.0% | 3.1% | Latin America & Caribbean (excluding high income) |
| 1990s | 4.9% | 4.5% | 0.4% | Benin |
| 2000s | 2.0% | 5.5% | 3.5% | Latin America & Caribbean (excluding high income) |
| 2010s | 6.8% | 5.1% | 1.7% | Benin |
| 2020s | 7.7% | 5.7% | 2.0% | Benin |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Benin or Latin America & Caribbean (excluding high income)?
- Benin, at 11.2% against 5.3% in Latin America & Caribbean (excluding high income) as of 2023.
- What is the difference in insurance and financial services between Benin and Latin America & Caribbean (excluding high income)?
- 5.9%, with Benin ahead.
- How many years of comparable data are there for Benin and Latin America & Caribbean (excluding high income)?
- 42 years are reported by both, from 1979 to 2023.
- How do Benin and Latin America & Caribbean (excluding high income) rank globally for insurance and financial services?
- Benin ranks 24th and Latin America & Caribbean (excluding high income) ranks 23rd of 190 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Insurance and financial services (% of service exports, BoP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.