Guyana vs Middle income: Insurance and financial services
Insurance and financial services over time
- Guyana
- Middle income
How they compare
Guyana currently reports 10.5% against 3.2% in Middle income, a difference of 7.3%.
That makes Guyana's figure about 3.3 times Middle income's.
The two have swapped places 2 times across 32 shared years of data; in 1982 it was Guyana ahead.
Guyana ranks 33rd and Middle income ranks 33rd of 190 countries.
Guyana has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Guyana | Middle income | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 10.1% | 6.2% | 3.9% | Guyana |
| 1990s | 3.3% | 2.2% | 1.1% | Guyana |
| 2000s | 7.5% | 2.6% | 5.0% | Guyana |
| 2010s | 11.2% | 3.9% | 7.3% | Guyana |
| 2020s | 27.9% | 4.5% | 23.4% | Guyana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Guyana or Middle income?
- Guyana, at 10.5% against 3.2% in Middle income as of 2023.
- What is the difference in insurance and financial services between Guyana and Middle income?
- 7.3%, with Guyana ahead.
- How many years of comparable data are there for Guyana and Middle income?
- 32 years are reported by both, from 1982 to 2023.
- How do Guyana and Middle income rank globally for insurance and financial services?
- Guyana ranks 33rd and Middle income ranks 33rd 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.