Cayman Islands vs Sub-Saharan Africa (IDA & IBRD countries): Insurance and financial services
Insurance and financial services over time
- Cayman Islands
- Sub-Saharan Africa (IDA & IBRD countries)
How they compare
Cayman Islands currently reports 55.2% against 11.5% in Sub-Saharan Africa (IDA & IBRD countries), a difference of 43.7%.
That makes Cayman Islands's figure about 4.8 times Sub-Saharan Africa (IDA & IBRD countries)'s.
Across all 9 years both countries report, Cayman Islands has been ahead every year.
Cayman Islands ranks 4th and Sub-Saharan Africa (IDA & IBRD countries) ranks 7th of 190 countries.
Cayman Islands has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Cayman Islands | Sub-Saharan Africa (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 52.1% | 7.9% | 44.2% | Cayman Islands |
| 2020s | 59.8% | 11.9% | 47.9% | Cayman Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Cayman Islands or Sub-Saharan Africa (IDA & IBRD countries)?
- Cayman Islands, at 55.2% against 11.5% in Sub-Saharan Africa (IDA & IBRD countries) as of 2024.
- What is the difference in insurance and financial services between Cayman Islands and Sub-Saharan Africa (IDA & IBRD countries)?
- 43.7%, with Cayman Islands ahead.
- How many years of comparable data are there for Cayman Islands and Sub-Saharan Africa (IDA & IBRD countries)?
- 9 years are reported by both, from 2016 to 2024.
- How do Cayman Islands and Sub-Saharan Africa (IDA & IBRD countries) rank globally for insurance and financial services?
- Cayman Islands ranks 4th and Sub-Saharan Africa (IDA & IBRD countries) ranks 7th 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.