European Union vs Guinea-Bissau: Insurance and financial services
Insurance and financial services over time
- European Union
- Guinea-Bissau
How they compare
Guinea-Bissau currently reports 20.7% against 12.3% in European Union, a difference of 8.4%.
That makes Guinea-Bissau's figure about 1.7 times European Union's.
The two have swapped places 3 times across 23 shared years of data; in 2001 it was European Union ahead.
European Union ranks 9th and Guinea-Bissau ranks 11th of 45 groups.
Across the 3 decades both report, European Union averaged higher in 2 and Guinea-Bissau in 1.
Head to head by decade
| Decade | European Union | Guinea-Bissau | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 9.7% | 7.1% | 2.6% | European Union |
| 2010s | 10.6% | 5.4% | 5.2% | European Union |
| 2020s | 10.5% | 16.7% | 6.2% | Guinea-Bissau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, European Union or Guinea-Bissau?
- Guinea-Bissau, at 20.7% against 12.3% in European Union as of 2024.
- What is the difference in insurance and financial services between European Union and Guinea-Bissau?
- 8.4%, with Guinea-Bissau ahead.
- How many years of comparable data are there for European Union and Guinea-Bissau?
- 23 years are reported by both, from 2001 to 2024.
- How do European Union and Guinea-Bissau rank globally for insurance and financial services?
- European Union ranks 9th and Guinea-Bissau ranks 11th of 45 groups.
- 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.
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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.