Guinea vs Small states: Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- Guinea
- Small states
How they compare
Guinea currently reports 18.3% against 6.5% in Small states, a difference of 11.8%.
That makes Guinea's figure about 2.8 times Small states's.
The two have swapped places 12 times across 22 shared years of data; in 1996 it was Guinea ahead.
Guinea ranks 18th and Small states ranks 21st of 190 countries.
Across the 4 decades both report, Guinea averaged higher in 2 and Small states in 2.
Head to head by decade
| Decade | Guinea | Small states | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2.3% | 2.8% | 0.5% | Small states |
| 2000s | 5.5% | 8.0% | 2.5% | Small states |
| 2010s | 14.6% | 7.6% | 7.0% | Guinea |
| 2020s | 10.2% | 8.3% | 1.9% | Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Guinea or Small states?
- Guinea, at 18.3% against 6.5% in Small states as of 2024.
- What is the difference in insurance and financial services between Guinea and Small states?
- 11.8%, with Guinea ahead.
- How many years of comparable data are there for Guinea and Small states?
- 22 years are reported by both, from 1996 to 2024.
- How do Guinea and Small states rank globally for insurance and financial services?
- Guinea ranks 18th and Small states ranks 21st 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.