Europe & Central Asia vs Guinea-Bissau: Insurance and financial services
Insurance and financial services over time
- Europe & Central Asia
- Guinea-Bissau
How they compare
Guinea-Bissau currently reports 21.6% against 11.1% in Europe & Central Asia, a difference of 10.5%.
That makes Guinea-Bissau's figure about 1.9 times Europe & Central Asia's.
The two have swapped places 3 times across 23 shared years of data; in 2001 it was Europe & Central Asia ahead.
Europe & Central Asia ranks 10th and Guinea-Bissau ranks 10th of 45 groups.
Across the 3 decades both report, Europe & Central Asia averaged higher in 2 and Guinea-Bissau in 1.
Head to head by decade
| Decade | Europe & Central Asia | Guinea-Bissau | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 10.4% | 8.2% | 2.2% | Europe & Central Asia |
| 2010s | 9.7% | 5.7% | 4.0% | Europe & Central Asia |
| 2020s | 9.7% | 17.1% | 7.4% | Guinea-Bissau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Europe & Central Asia or Guinea-Bissau?
- Guinea-Bissau, at 21.6% against 11.1% in Europe & Central Asia as of 2024.
- What is the difference in insurance and financial services between Europe & Central Asia and Guinea-Bissau?
- 10.5%, with Guinea-Bissau ahead.
- How many years of comparable data are there for Europe & Central Asia and Guinea-Bissau?
- 23 years are reported by both, from 2001 to 2024.
- How do Europe & Central Asia and Guinea-Bissau rank globally for insurance and financial services?
- Europe & Central Asia ranks 10th 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.