Burkina Faso vs European Union: Insurance and financial services
Insurance and financial services over time
- Burkina Faso
- European Union
How they compare
Burkina Faso currently reports 18.2% against 9.5% in European Union, a difference of 8.7%.
That makes Burkina Faso's figure about 1.9 times European Union's.
The two have swapped places 4 times across 20 shared years of data; in 2005 it was Burkina Faso ahead.
Burkina Faso ranks 18th and European Union ranks 15th of 190 countries.
Across the 3 decades both report, Burkina Faso averaged higher in 2 and European Union in 1.
Head to head by decade
| Decade | Burkina Faso | European Union | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 7.8% | 8.6% | 0.8% | European Union |
| 2010s | 17.1% | 8.0% | 9.2% | Burkina Faso |
| 2020s | 19.9% | 8.3% | 11.7% | Burkina Faso |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Burkina Faso or European Union?
- Burkina Faso, at 18.2% against 9.5% in European Union as of 2024.
- What is the difference in insurance and financial services between Burkina Faso and European Union?
- 8.7%, with Burkina Faso ahead.
- How many years of comparable data are there for Burkina Faso and European Union?
- 20 years are reported by both, from 2005 to 2024.
- How do Burkina Faso and European Union rank globally for insurance and financial services?
- Burkina Faso ranks 18th and European Union ranks 15th 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.