Benin vs Lower middle income: Insurance and financial services
Insurance and financial services over time
- Benin
- Lower middle income
How they compare
Benin currently reports 11.4% against 4.9% in Lower middle income, a difference of 6.5%.
That makes Benin's figure about 2.3 times Lower middle income's.
The two have swapped places 14 times across 44 shared years of data; in 1977 it was Benin ahead.
Benin ranks 28th and Lower middle income ranks 25th of 190 countries.
Across the 6 decades both report, Benin averaged higher in 4 and Lower middle income in 2.
Head to head by decade
| Decade | Benin | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 3.0% | 3.5% | 0.4% | Lower middle income |
| 1980s | 3.6% | 2.8% | 0.7% | Benin |
| 1990s | 5.8% | 2.5% | 3.3% | Benin |
| 2000s | 2.1% | 3.6% | 1.5% | Lower middle income |
| 2010s | 7.1% | 4.3% | 2.8% | Benin |
| 2020s | 8.6% | 5.5% | 3.1% | Benin |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Benin or Lower middle income?
- Benin, at 11.4% against 4.9% in Lower middle income as of 2023.
- What is the difference in insurance and financial services between Benin and Lower middle income?
- 6.5%, with Benin ahead.
- How many years of comparable data are there for Benin and Lower middle income?
- 44 years are reported by both, from 1977 to 2023.
- How do Benin and Lower middle income rank globally for insurance and financial services?
- Benin ranks 28th and Lower middle income ranks 25th 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.