Guinea-Bissau vs Sub-Saharan Africa: Insurance and financial services
Insurance and financial services over time
- Guinea-Bissau
- Sub-Saharan Africa
How they compare
Guinea-Bissau currently reports 21.6% against 11.5% in Sub-Saharan Africa, a difference of 10.1%.
That makes Guinea-Bissau's figure about 1.9 times Sub-Saharan Africa's.
The two have swapped places 7 times across 23 shared years of data; in 2001 it was Sub-Saharan Africa ahead.
Guinea-Bissau ranks 10th and Sub-Saharan Africa ranks 7th of 190 countries.
Across the 3 decades both report, Guinea-Bissau averaged higher in 2 and Sub-Saharan Africa in 1.
Head to head by decade
| Decade | Guinea-Bissau | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 8.2% | 4.8% | 3.4% | Guinea-Bissau |
| 2010s | 5.7% | 6.5% | 0.8% | Sub-Saharan Africa |
| 2020s | 17.1% | 11.9% | 5.2% | Guinea-Bissau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Guinea-Bissau or Sub-Saharan Africa?
- Guinea-Bissau, at 21.6% against 11.5% in Sub-Saharan Africa as of 2024.
- What is the difference in insurance and financial services between Guinea-Bissau and Sub-Saharan Africa?
- 10.1%, with Guinea-Bissau ahead.
- How many years of comparable data are there for Guinea-Bissau and Sub-Saharan Africa?
- 23 years are reported by both, from 2001 to 2024.
- How do Guinea-Bissau and Sub-Saharan Africa rank globally for insurance and financial services?
- Guinea-Bissau ranks 10th and Sub-Saharan Africa ranks 7th 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.