Guinea-Bissau vs Sub-Saharan Africa: Insurance and financial services
Insurance and financial services over time
- Guinea-Bissau
- Sub-Saharan Africa
How they compare
Guinea-Bissau currently reports 20.7% against 8.7% in Sub-Saharan Africa, a difference of 12.0%.
That makes Guinea-Bissau's figure about 2.4 times Sub-Saharan Africa's.
The two have swapped places 5 times across 23 shared years of data; in 2001 it was Sub-Saharan Africa ahead.
Guinea-Bissau ranks 11th and Sub-Saharan Africa ranks 13th of 190 countries.
Guinea-Bissau has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Guinea-Bissau | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 7.1% | 3.7% | 3.4% | Guinea-Bissau |
| 2010s | 5.4% | 4.9% | 0.5% | Guinea-Bissau |
| 2020s | 16.7% | 8.7% | 8.0% | Guinea-Bissau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Guinea-Bissau or Sub-Saharan Africa?
- Guinea-Bissau, at 20.7% against 8.7% in Sub-Saharan Africa as of 2024.
- What is the difference in insurance and financial services between Guinea-Bissau and Sub-Saharan Africa?
- 12.0%, with Guinea-Bissau ahead.
- How many years of comparable data are there for Guinea-Bissau and Sub-Saharan Africa?
- 23 years are reported by both, from 2001 to 2024.
- How do Guinea-Bissau and Sub-Saharan Africa rank globally for insurance and financial services?
- Guinea-Bissau ranks 11th and Sub-Saharan Africa 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.