Benin vs Europe & Central Asia (excluding high income): Insurance and financial services
Insurance and financial services over time
- Benin
- Europe & Central Asia (excluding high income)
How they compare
Benin currently reports 11.4% against 3.5% in Europe & Central Asia (excluding high income), a difference of 7.9%.
That makes Benin's figure about 3.2 times Europe & Central Asia (excluding high income)'s.
The two have swapped places 4 times across 30 shared years of data; in 1994 it was Benin ahead.
Benin ranks 28th and Europe & Central Asia (excluding high income) ranks 31st of 190 countries.
Benin has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Benin | Europe & Central Asia (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 4.8% | 1.5% | 3.3% | Benin |
| 2000s | 2.1% | 2.1% | 0.0% | Benin |
| 2010s | 7.1% | 2.0% | 5.1% | Benin |
| 2020s | 8.6% | 2.7% | 5.8% | Benin |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Benin or Europe & Central Asia (excluding high income)?
- Benin, at 11.4% against 3.5% in Europe & Central Asia (excluding high income) as of 2023.
- What is the difference in insurance and financial services between Benin and Europe & Central Asia (excluding high income)?
- 7.9%, with Benin ahead.
- How many years of comparable data are there for Benin and Europe & Central Asia (excluding high income)?
- 30 years are reported by both, from 1994 to 2023.
- How do Benin and Europe & Central Asia (excluding high income) rank globally for insurance and financial services?
- Benin ranks 28th and Europe & Central Asia (excluding high income) ranks 31st 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 commercial service exports). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.