Burkina Faso vs Latin America & Caribbean (excluding high income): Insurance and financial services
Insurance and financial services over time
- Burkina Faso
- Latin America & Caribbean (excluding high income)
How they compare
Burkina Faso currently reports 18.2% against 6.7% in Latin America & Caribbean (excluding high income), a difference of 11.5%.
That makes Burkina Faso's figure about 2.7 times Latin America & Caribbean (excluding high income)'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 Latin America & Caribbean (excluding high income) ranks 20th of 190 countries.
Burkina Faso has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Burkina Faso | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 7.8% | 7.1% | 0.7% | Burkina Faso |
| 2010s | 17.1% | 7.0% | 10.1% | Burkina Faso |
| 2020s | 19.9% | 7.1% | 12.9% | Burkina Faso |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Burkina Faso or Latin America & Caribbean (excluding high income)?
- Burkina Faso, at 18.2% against 6.7% in Latin America & Caribbean (excluding high income) as of 2024.
- What is the difference in insurance and financial services between Burkina Faso and Latin America & Caribbean (excluding high income)?
- 11.5%, with Burkina Faso ahead.
- How many years of comparable data are there for Burkina Faso and Latin America & Caribbean (excluding high income)?
- 20 years are reported by both, from 2005 to 2024.
- How do Burkina Faso and Latin America & Caribbean (excluding high income) rank globally for insurance and financial services?
- Burkina Faso ranks 18th and Latin America & Caribbean (excluding high income) ranks 20th 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.