Hong Kong vs Sub-Saharan Africa (IDA & IBRD countries): Insurance and financial services
Insurance and financial services over time
- Hong Kong
- Sub-Saharan Africa (IDA & IBRD countries)
How they compare
Hong Kong currently reports 26.9% against 11.5% in Sub-Saharan Africa (IDA & IBRD countries), a difference of 15.4%.
That makes Hong Kong's figure about 2.3 times Sub-Saharan Africa (IDA & IBRD countries)'s.
Across all 27 years both countries report, Hong Kong has been ahead every year.
Hong Kong ranks 7th and Sub-Saharan Africa (IDA & IBRD countries) ranks 7th of 190 countries.
Hong Kong has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Hong Kong | Sub-Saharan Africa (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 13.7% | 5.4% | 8.3% | Hong Kong |
| 2000s | 16.1% | 5.0% | 11.1% | Hong Kong |
| 2010s | 18.9% | 6.5% | 12.3% | Hong Kong |
| 2020s | 30.6% | 11.9% | 18.7% | Hong Kong |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Hong Kong or Sub-Saharan Africa (IDA & IBRD countries)?
- Hong Kong, at 26.9% against 11.5% in Sub-Saharan Africa (IDA & IBRD countries) as of 2024.
- What is the difference in insurance and financial services between Hong Kong and Sub-Saharan Africa (IDA & IBRD countries)?
- 15.4%, with Hong Kong ahead.
- How many years of comparable data are there for Hong Kong and Sub-Saharan Africa (IDA & IBRD countries)?
- 27 years are reported by both, from 1998 to 2024.
- How do Hong Kong and Sub-Saharan Africa (IDA & IBRD countries) rank globally for insurance and financial services?
- Hong Kong ranks 7th and Sub-Saharan Africa (IDA & IBRD countries) 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.