European Union vs Guinea: Insurance and financial services
Insurance and financial services over time
- European Union
- Guinea
How they compare
Guinea currently reports 18.3% against 9.5% in European Union, a difference of 8.8%.
That makes Guinea's figure about 1.9 times European Union's.
The two have swapped places 11 times across 29 shared years of data; in 1988 it was European Union ahead.
European Union ranks 15th and Guinea ranks 17th of 45 groups.
Across the 5 decades both report, European Union averaged higher in 3 and Guinea in 2.
Head to head by decade
| Decade | European Union | Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 4.3% | 0.0% | 4.2% | European Union |
| 1990s | 5.5% | 0.5% | 5.0% | European Union |
| 2000s | 7.8% | 3.4% | 4.4% | European Union |
| 2010s | 8.0% | 14.6% | 6.7% | Guinea |
| 2020s | 8.3% | 10.2% | 1.9% | Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, European Union or Guinea?
- Guinea, at 18.3% against 9.5% in European Union as of 2024.
- What is the difference in insurance and financial services between European Union and Guinea?
- 8.8%, with Guinea ahead.
- How many years of comparable data are there for European Union and Guinea?
- 29 years are reported by both, from 1988 to 2024.
- How do European Union and Guinea rank globally for insurance and financial services?
- European Union ranks 15th and Guinea ranks 17th 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.