Kenya vs Sub-Saharan Africa: Insurance and financial services
Insurance and financial services over time
- Kenya
- Sub-Saharan Africa
How they compare
Kenya currently reports 13.8% against 8.2% in Sub-Saharan Africa, a difference of 5.6%.
That makes Kenya's figure about 1.7 times Sub-Saharan Africa's.
The two have swapped places 3 times across 48 shared years of data; in 1977 it was Sub-Saharan Africa ahead.
Kenya ranks 24th and Sub-Saharan Africa ranks 23rd of 197 countries.
Across the 6 decades both report, Kenya averaged higher in 5 and Sub-Saharan Africa in 1.
Head to head by decade
| Decade | Kenya | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 6.3% | 6.6% | 0.3% | Sub-Saharan Africa |
| 1980s | 8.4% | 6.3% | 2.1% | Kenya |
| 1990s | 9.4% | 5.5% | 3.9% | Kenya |
| 2000s | 8.0% | 4.9% | 3.1% | Kenya |
| 2010s | 9.4% | 5.0% | 4.4% | Kenya |
| 2020s | 12.1% | 6.8% | 5.3% | Kenya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Kenya or Sub-Saharan Africa?
- Kenya, at 13.8% against 8.2% in Sub-Saharan Africa as of 2024.
- What is the difference in insurance and financial services between Kenya and Sub-Saharan Africa?
- 5.6%, with Kenya ahead.
- How many years of comparable data are there for Kenya and Sub-Saharan Africa?
- 48 years are reported by both, from 1977 to 2024.
- How do Kenya and Sub-Saharan Africa rank globally for insurance and financial services?
- Kenya ranks 24th and Sub-Saharan Africa ranks 23rd 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.