Central African Republic vs Latin America & Caribbean (excluding high income): Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- Central African Republic
- Latin America & Caribbean (excluding high income)
How they compare
Central African Republic currently reports 19.6% against 6.8% in Latin America & Caribbean (excluding high income), a difference of 12.8%.
That makes Central African Republic's figure about 2.9 times Latin America & Caribbean (excluding high income)'s.
The two have swapped places 3 times across 15 shared years of data; in 1979 it was Latin America & Caribbean (excluding high income) ahead.
Central African Republic ranks 17th and Latin America & Caribbean (excluding high income) ranks 20th of 190 countries.
Across the 3 decades both report, Central African Republic averaged higher in 2 and Latin America & Caribbean (excluding high income) in 1.
Head to head by decade
| Decade | Central African Republic | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.9% | 6.3% | 1.5% | Latin America & Caribbean (excluding high income) |
| 1980s | 13.4% | 6.6% | 6.9% | Central African Republic |
| 1990s | 24.2% | 4.6% | 19.5% | Central African Republic |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Central African Republic or Latin America & Caribbean (excluding high income)?
- Central African Republic, at 19.6% against 6.8% in Latin America & Caribbean (excluding high income) as of 1993.
- What is the difference in insurance and financial services between Central African Republic and Latin America & Caribbean (excluding high income)?
- 12.8%, with Central African Republic ahead.
- How many years of comparable data are there for Central African Republic and Latin America & Caribbean (excluding high income)?
- 15 years are reported by both, from 1979 to 1993.
- How do Central African Republic and Latin America & Caribbean (excluding high income) rank globally for insurance and financial services?
- Central African Republic ranks 17th 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.
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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.