Africa Western and Central vs Togo: Insurance and financial services

Africa Western and Central
8.0%
in 2024
Togo
12.1%
in 2020
Africa Western and Central rank
28th
Togo rank
31st

Insurance and financial services over time

  • Africa Western and Central
  • Togo
2.557.51012.515197419992024

How they compare

Togo currently reports 12.1% against 8.0% in Africa Western and Central, a difference of 4.1%.

That makes Togo's figure about 1.5 times Africa Western and Central's.

The two have swapped places 4 times across 42 shared years of data; in 1977 it was Togo ahead.

Africa Western and Central ranks 28th and Togo ranks 31st of 47 groups.

Togo has averaged higher in every one of the 6 decades both report.

Head to head by decade

Decade Africa Western and Central Togo Difference Ahead
1970s 4.7% 7.6% 2.9% Togo
1980s 4.6% 6.4% 1.9% Togo
1990s 4.6% 9.9% 5.3% Togo
2000s 4.3% 12.4% 8.1% Togo
2010s 5.1% 10.4% 5.3% Togo
2020s 5.6% 12.1% 6.5% Togo

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance and financial services, Africa Western and Central or Togo?
Togo, at 12.1% against 8.0% in Africa Western and Central as of 2020.
What is the difference in insurance and financial services between Africa Western and Central and Togo?
4.1%, with Togo ahead.
How many years of comparable data are there for Africa Western and Central and Togo?
42 years are reported by both, from 1977 to 2020.
How do Africa Western and Central and Togo rank globally for insurance and financial services?
Africa Western and Central ranks 28th and Togo ranks 31st 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 Togo: 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/togo/

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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.