Kenya vs Middle income: Insurance and financial services
Insurance and financial services over time
- Kenya
- Middle income
How they compare
Kenya currently reports 11.1% against 3.2% in Middle income, a difference of 7.9%.
That makes Kenya's figure about 3.5 times Middle income's.
The two have swapped places 1 time across 43 shared years of data; in 1982 it was Middle income ahead.
Kenya ranks 30th and Middle income ranks 33rd of 190 countries.
Across the 5 decades both report, Kenya averaged higher in 2 and Middle income in 3.
Head to head by decade
| Decade | Kenya | Middle income | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1.0% | 5.9% | 4.9% | Middle income |
| 1990s | 0.8% | 3.9% | 3.1% | Middle income |
| 2000s | 0.7% | 2.6% | 1.8% | Middle income |
| 2010s | 10.0% | 3.9% | 6.1% | Kenya |
| 2020s | 14.2% | 4.3% | 9.9% | Kenya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Kenya or Middle income?
- Kenya, at 11.1% against 3.2% in Middle income as of 2024.
- What is the difference in insurance and financial services between Kenya and Middle income?
- 7.9%, with Kenya ahead.
- How many years of comparable data are there for Kenya and Middle income?
- 43 years are reported by both, from 1982 to 2024.
- How do Kenya and Middle income rank globally for insurance and financial services?
- Kenya ranks 30th 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.