Africa Western and Central vs Ethiopia: Insurance and financial services

Africa Western and Central
8.0%
in 2024
Ethiopia
13.3%
in 2024
Africa Western and Central rank
28th
Ethiopia rank
26th

Insurance and financial services over time

  • Africa Western and Central
  • Ethiopia
2.557.51012.5197720002024

How they compare

Ethiopia currently reports 13.3% against 8.0% in Africa Western and Central, a difference of 5.3%.

That makes Ethiopia's figure about 1.7 times Africa Western and Central's.

The two have swapped places 9 times across 43 shared years of data; in 1977 it was Africa Western and Central ahead.

Africa Western and Central ranks 28th and Ethiopia ranks 26th of 47 groups.

Across the 6 decades both report, Africa Western and Central averaged higher in 4 and Ethiopia in 2.

Head to head by decade

Decade Africa Western and Central Ethiopia Difference Ahead
1970s 4.7% 3.3% 1.3% Africa Western and Central
1980s 4.7% 4.0% 0.7% Africa Western and Central
1990s 4.6% 5.2% 0.7% Ethiopia
2000s 4.3% 4.7% 0.4% Ethiopia
2010s 5.1% 3.8% 1.3% Africa Western and Central
2020s 6.6% 5.6% 1.0% Africa Western and Central

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance and financial services, Africa Western and Central or Ethiopia?
Ethiopia, at 13.3% against 8.0% in Africa Western and Central as of 2024.
What is the difference in insurance and financial services between Africa Western and Central and Ethiopia?
5.3%, with Ethiopia ahead.
How many years of comparable data are there for Africa Western and Central and Ethiopia?
43 years are reported by both, from 1977 to 2024.
How do Africa Western and Central and Ethiopia rank globally for insurance and financial services?
Africa Western and Central ranks 28th and Ethiopia ranks 26th of 47 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 imports, BoP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Africa Western and Central vs Ethiopia: Insurance and financial services. Statizoid, drawing on Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 18 September 2026, from https://economy.statizoid.com/compare/insurance-and-financial-services-percent-of-service-imports-bop/africa-western-and-central/ethiopia/

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About this data

Indicator
Insurance and financial services (% of service imports, BoP)
Unit
% of service imports, BoP
Source
Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
244 places, 9,395 data points, 1960–2025
Last refreshed

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 imports which are services provided by non-residents to residents.