Ghana vs Latin America & the Caribbean (IDA & IBRD countries): Insurance and financial services
Insurance and financial services over time
- Ghana
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Ghana currently reports 14.1% against 5.5% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 8.6%.
That makes Ghana's figure about 2.6 times Latin America & the Caribbean (IDA & IBRD countries)'s.
The two have swapped places 3 times across 47 shared years of data; in 1979 it was Latin America & the Caribbean (IDA & IBRD countries) ahead.
Ghana ranks 18th and Latin America & the Caribbean (IDA & IBRD countries) ranks 20th of 190 countries.
Across the 6 decades both report, Ghana averaged higher in 1 and Latin America & the Caribbean (IDA & IBRD countries) in 5.
Head to head by decade
| Decade | Ghana | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.9% | 5.2% | 2.3% | Latin America & the Caribbean (IDA & IBRD countries) |
| 1980s | 2.5% | 5.6% | 3.0% | Latin America & the Caribbean (IDA & IBRD countries) |
| 1990s | 2.3% | 4.3% | 2.1% | Latin America & the Caribbean (IDA & IBRD countries) |
| 2000s | 0.9% | 5.4% | 4.5% | Latin America & the Caribbean (IDA & IBRD countries) |
| 2010s | 1.0% | 5.3% | 4.3% | Latin America & the Caribbean (IDA & IBRD countries) |
| 2020s | 16.6% | 5.8% | 10.9% | Ghana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Ghana or Latin America & the Caribbean (IDA & IBRD countries)?
- Ghana, at 14.1% against 5.5% in Latin America & the Caribbean (IDA & IBRD countries) as of 2025.
- What is the difference in insurance and financial services between Ghana and Latin America & the Caribbean (IDA & IBRD countries)?
- 8.6%, with Ghana ahead.
- How many years of comparable data are there for Ghana and Latin America & the Caribbean (IDA & IBRD countries)?
- 47 years are reported by both, from 1979 to 2025.
- How do Ghana and Latin America & the Caribbean (IDA & IBRD countries) rank globally for insurance and financial services?
- Ghana ranks 18th and Latin America & the Caribbean (IDA & IBRD countries) ranks 20th 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.