Guinea-Bissau vs IDA total: Insurance and financial services
Insurance and financial services over time
- Guinea-Bissau
- IDA total
How they compare
Guinea-Bissau currently reports 21.6% against 10.0% in IDA total, a difference of 11.6%.
That makes Guinea-Bissau's figure about 2.2 times IDA total's.
The two have swapped places 5 times across 23 shared years of data; in 2001 it was IDA total ahead.
Guinea-Bissau ranks 10th and IDA total ranks 13th of 190 countries.
Guinea-Bissau has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Guinea-Bissau | IDA total | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 8.2% | 3.5% | 4.6% | Guinea-Bissau |
| 2010s | 5.7% | 4.9% | 0.8% | Guinea-Bissau |
| 2020s | 17.1% | 8.9% | 8.2% | Guinea-Bissau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Guinea-Bissau or IDA total?
- Guinea-Bissau, at 21.6% against 10.0% in IDA total as of 2024.
- What is the difference in insurance and financial services between Guinea-Bissau and IDA total?
- 11.6%, with Guinea-Bissau ahead.
- How many years of comparable data are there for Guinea-Bissau and IDA total?
- 23 years are reported by both, from 2001 to 2024.
- How do Guinea-Bissau and IDA total rank globally for insurance and financial services?
- Guinea-Bissau ranks 10th and IDA total ranks 13th 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.