Ghana vs Latin America & Caribbean (excluding high income): Insurance and financial services
Insurance and financial services over time
- Ghana
- Latin America & Caribbean (excluding high income)
How they compare
Ghana currently reports 14.1% against 6.7% in Latin America & Caribbean (excluding high income), a difference of 7.4%.
That makes Ghana's figure about 2.1 times Latin America & Caribbean (excluding high income)'s.
The two have swapped places 3 times across 47 shared years of data; in 1979 it was Latin America & Caribbean (excluding high income) ahead.
Ghana ranks 23rd and Latin America & Caribbean (excluding high income) ranks 20th of 190 countries.
Across the 6 decades both report, Ghana averaged higher in 1 and Latin America & Caribbean (excluding high income) in 5.
Head to head by decade
| Decade | Ghana | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 3.1% | 6.3% | 3.2% | Latin America & Caribbean (excluding high income) |
| 1980s | 2.8% | 6.6% | 3.7% | Latin America & Caribbean (excluding high income) |
| 1990s | 2.4% | 5.5% | 3.1% | Latin America & Caribbean (excluding high income) |
| 2000s | 1.0% | 7.1% | 6.2% | Latin America & Caribbean (excluding high income) |
| 2010s | 1.1% | 7.0% | 5.9% | Latin America & Caribbean (excluding high income) |
| 2020s | 16.6% | 7.0% | 9.7% | Ghana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Ghana or Latin America & Caribbean (excluding high income)?
- Ghana, at 14.1% against 6.7% in Latin America & Caribbean (excluding high income) as of 2025.
- What is the difference in insurance and financial services between Ghana and Latin America & Caribbean (excluding high income)?
- 7.4%, with Ghana ahead.
- How many years of comparable data are there for Ghana and Latin America & Caribbean (excluding high income)?
- 47 years are reported by both, from 1979 to 2025.
- How do Ghana and Latin America & Caribbean (excluding high income) rank globally for insurance and financial services?
- Ghana ranks 23rd 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.
Individual pages
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.