Benin vs Low income: Insurance and financial services
Insurance and financial services over time
- Benin
- Low income
How they compare
Benin currently reports 11.4% against 4.2% in Low income, a difference of 7.2%.
That makes Benin's figure about 2.8 times Low income's.
The two have swapped places 3 times across 18 shared years of data; in 2005 it was Low income ahead.
Benin ranks 28th and Low income ranks 29th of 190 countries.
Across the 3 decades both report, Benin averaged higher in 2 and Low income in 1.
Head to head by decade
| Decade | Benin | Low income | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.3% | 6.2% | 3.9% | Low income |
| 2010s | 7.1% | 6.8% | 0.3% | Benin |
| 2020s | 7.6% | 5.0% | 2.6% | Benin |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Benin or Low income?
- Benin, at 11.4% against 4.2% in Low income as of 2023.
- What is the difference in insurance and financial services between Benin and Low income?
- 7.2%, with Benin ahead.
- How many years of comparable data are there for Benin and Low income?
- 18 years are reported by both, from 2005 to 2022.
- How do Benin and Low income rank globally for insurance and financial services?
- Benin ranks 28th and Low income ranks 29th 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.
Individual pages
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.