Kenya vs Latin America & Caribbean (excluding high income): Insurance and financial services
Insurance and financial services over time
- Kenya
- Latin America & Caribbean (excluding high income)
How they compare
Kenya currently reports 13.8% against 8.2% in Latin America & Caribbean (excluding high income), a difference of 5.6%.
That makes Kenya's figure about 1.7 times Latin America & Caribbean (excluding high income)'s.
The two have swapped places 10 times across 46 shared years of data; in 1979 it was Kenya ahead.
Kenya ranks 24th and Latin America & Caribbean (excluding high income) ranks 25th of 197 countries.
Across the 6 decades both report, Kenya averaged higher in 5 and Latin America & Caribbean (excluding high income) in 1.
Head to head by decade
| Decade | Kenya | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.8% | 5.8% | 0.0% | Kenya |
| 1980s | 8.4% | 6.9% | 1.5% | Kenya |
| 1990s | 9.4% | 8.1% | 1.3% | Kenya |
| 2000s | 8.0% | 9.6% | 1.6% | Latin America & Caribbean (excluding high income) |
| 2010s | 9.4% | 8.3% | 1.1% | Kenya |
| 2020s | 12.1% | 10.2% | 1.9% | Kenya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Kenya or Latin America & Caribbean (excluding high income)?
- Kenya, at 13.8% against 8.2% in Latin America & Caribbean (excluding high income) as of 2024.
- What is the difference in insurance and financial services between Kenya and Latin America & Caribbean (excluding high income)?
- 5.6%, with Kenya ahead.
- How many years of comparable data are there for Kenya and Latin America & Caribbean (excluding high income)?
- 46 years are reported by both, from 1979 to 2024.
- How do Kenya and Latin America & Caribbean (excluding high income) rank globally for insurance and financial services?
- Kenya ranks 24th and Latin America & Caribbean (excluding high income) ranks 25th of 197 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 imports, 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 imports which are services provided by non-residents to residents.