Sierra Leone vs Sub-Saharan Africa (excluding high income): Insurance and financial services
Insurance and financial services over time
- Sierra Leone
- Sub-Saharan Africa (excluding high income)
How they compare
Sierra Leone currently reports 32.7% against 11.5% in Sub-Saharan Africa (excluding high income), a difference of 21.2%.
That makes Sierra Leone's figure about 2.8 times Sub-Saharan Africa (excluding high income)'s.
The two have swapped places 7 times across 36 shared years of data; in 1978 it was Sub-Saharan Africa (excluding high income) ahead.
Sierra Leone ranks 5th and Sub-Saharan Africa (excluding high income) ranks 7th of 190 countries.
Across the 5 decades both report, Sierra Leone averaged higher in 1 and Sub-Saharan Africa (excluding high income) in 4.
Head to head by decade
| Decade | Sierra Leone | Sub-Saharan Africa (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.3% | 7.4% | 7.1% | Sub-Saharan Africa (excluding high income) |
| 1990s | 0.2% | 5.2% | 5.1% | Sub-Saharan Africa (excluding high income) |
| 2000s | 1.6% | 5.0% | 3.5% | Sub-Saharan Africa (excluding high income) |
| 2010s | 3.9% | 6.5% | 2.6% | Sub-Saharan Africa (excluding high income) |
| 2020s | 20.9% | 11.9% | 9.0% | Sierra Leone |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Sierra Leone or Sub-Saharan Africa (excluding high income)?
- Sierra Leone, at 32.7% against 11.5% in Sub-Saharan Africa (excluding high income) as of 2024.
- What is the difference in insurance and financial services between Sierra Leone and Sub-Saharan Africa (excluding high income)?
- 21.2%, with Sierra Leone ahead.
- How many years of comparable data are there for Sierra Leone and Sub-Saharan Africa (excluding high income)?
- 36 years are reported by both, from 1978 to 2024.
- How do Sierra Leone and Sub-Saharan Africa (excluding high income) rank globally for insurance and financial services?
- Sierra Leone ranks 5th and Sub-Saharan Africa (excluding high income) 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.