Benin vs Kenya: Insurance and financial services
Insurance and financial services over time
- Benin
- Kenya
How they compare
Benin currently reports 11.4% against 11.1% in Kenya, a difference of 0.3%.
The two have swapped places 7 times across 46 shared years of data; in 1975 it was Benin ahead.
Benin ranks 28th and Kenya ranks 30th of 190 countries.
Across the 6 decades both report, Benin averaged higher in 4 and Kenya in 2.
Head to head by decade
| Decade | Benin | Kenya | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 3.2% | 1.5% | 1.8% | Benin |
| 1980s | 3.6% | 1.1% | 2.4% | Benin |
| 1990s | 5.8% | 0.8% | 5.0% | Benin |
| 2000s | 2.1% | 0.7% | 1.4% | Benin |
| 2010s | 7.1% | 10.0% | 2.9% | Kenya |
| 2020s | 8.6% | 14.9% | 6.4% | Kenya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Benin or Kenya?
- Benin, at 11.4% against 11.1% in Kenya as of 2023.
- What is the difference in insurance and financial services between Benin and Kenya?
- 0.3%, with Benin ahead.
- How many years of comparable data are there for Benin and Kenya?
- 46 years are reported by both, from 1975 to 2023.
- How do Benin and Kenya rank globally for insurance and financial services?
- Benin ranks 28th and Kenya ranks 30th 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.