Bermuda vs Sub-Saharan Africa (excluding high income): Insurance and financial services
Insurance and financial services over time
- Bermuda
- Sub-Saharan Africa (excluding high income)
How they compare
Bermuda currently reports 19.3% against 8.7% in Sub-Saharan Africa (excluding high income), a difference of 10.6%.
That makes Bermuda's figure about 2.2 times Sub-Saharan Africa (excluding high income)'s.
Across all 18 years both countries report, Bermuda has been ahead every year.
Bermuda ranks 14th and Sub-Saharan Africa (excluding high income) ranks 13th of 190 countries.
Bermuda has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Bermuda | Sub-Saharan Africa (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 17.5% | 4.1% | 13.4% | Bermuda |
| 2010s | 18.7% | 4.9% | 13.8% | Bermuda |
| 2020s | 23.6% | 8.7% | 14.9% | Bermuda |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Bermuda or Sub-Saharan Africa (excluding high income)?
- Bermuda, at 19.3% against 8.7% in Sub-Saharan Africa (excluding high income) as of 2023.
- What is the difference in insurance and financial services between Bermuda and Sub-Saharan Africa (excluding high income)?
- 10.6%, with Bermuda ahead.
- How many years of comparable data are there for Bermuda and Sub-Saharan Africa (excluding high income)?
- 18 years are reported by both, from 2006 to 2023.
- How do Bermuda and Sub-Saharan Africa (excluding high income) rank globally for insurance and financial services?
- Bermuda ranks 14th and Sub-Saharan Africa (excluding high income) ranks 13th 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.