Caribbean Small States vs Guinea-Bissau: Insurance and financial services
Insurance and financial services over time
- Caribbean Small States
- Guinea-Bissau
How they compare
Guinea-Bissau currently reports 21.6% against 11.0% in Caribbean Small States, a difference of 10.6%.
That makes Guinea-Bissau's figure about 2.0 times Caribbean Small States's.
The two have swapped places 9 times across 23 shared years of data; in 2001 it was Caribbean Small States ahead.
Caribbean Small States ranks 11th and Guinea-Bissau ranks 10th of 45 groups.
Across the 3 decades both report, Caribbean Small States averaged higher in 2 and Guinea-Bissau in 1.
Head to head by decade
| Decade | Caribbean Small States | Guinea-Bissau | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 13.3% | 8.2% | 5.1% | Caribbean Small States |
| 2010s | 7.2% | 5.7% | 1.5% | Caribbean Small States |
| 2020s | 16.8% | 17.1% | 0.3% | Guinea-Bissau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Caribbean Small States or Guinea-Bissau?
- Guinea-Bissau, at 21.6% against 11.0% in Caribbean Small States as of 2024.
- What is the difference in insurance and financial services between Caribbean Small States and Guinea-Bissau?
- 10.6%, with Guinea-Bissau ahead.
- How many years of comparable data are there for Caribbean Small States and Guinea-Bissau?
- 23 years are reported by both, from 2001 to 2024.
- How do Caribbean Small States and Guinea-Bissau rank globally for insurance and financial services?
- Caribbean Small States ranks 11th and Guinea-Bissau ranks 10th of 45 groups.
- 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.