Cyprus vs Sub-Saharan Africa (IDA & IBRD countries): Insurance and financial services
Insurance and financial services over time
- Cyprus
- Sub-Saharan Africa (IDA & IBRD countries)
How they compare
Cyprus currently reports 19.6% against 8.7% in Sub-Saharan Africa (IDA & IBRD countries), a difference of 10.9%.
That makes Cyprus's figure about 2.3 times Sub-Saharan Africa (IDA & IBRD countries)'s.
The two have swapped places 1 time across 30 shared years of data; in 1995 it was Sub-Saharan Africa (IDA & IBRD countries) ahead.
Cyprus ranks 13th and Sub-Saharan Africa (IDA & IBRD countries) ranks 13th of 190 countries.
Across the 4 decades both report, Cyprus averaged higher in 3 and Sub-Saharan Africa (IDA & IBRD countries) in 1.
Head to head by decade
| Decade | Cyprus | Sub-Saharan Africa (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.5% | 4.7% | 1.2% | Sub-Saharan Africa (IDA & IBRD countries) |
| 2000s | 10.0% | 3.9% | 6.1% | Cyprus |
| 2010s | 29.1% | 4.9% | 24.2% | Cyprus |
| 2020s | 25.8% | 8.7% | 17.1% | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Cyprus or Sub-Saharan Africa (IDA & IBRD countries)?
- Cyprus, at 19.6% against 8.7% in Sub-Saharan Africa (IDA & IBRD countries) as of 2025.
- What is the difference in insurance and financial services between Cyprus and Sub-Saharan Africa (IDA & IBRD countries)?
- 10.9%, with Cyprus ahead.
- How many years of comparable data are there for Cyprus and Sub-Saharan Africa (IDA & IBRD countries)?
- 30 years are reported by both, from 1995 to 2024.
- How do Cyprus and Sub-Saharan Africa (IDA & IBRD countries) rank globally for insurance and financial services?
- Cyprus ranks 13th and Sub-Saharan Africa (IDA & IBRD countries) 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.