Sub-Saharan Africa (excluding high income) vs United Kingdom: Insurance and financial services
Insurance and financial services over time
- Sub-Saharan Africa (excluding high income)
- United Kingdom
How they compare
United Kingdom currently reports 25.2% against 11.5% in Sub-Saharan Africa (excluding high income), a difference of 13.7%.
That makes United Kingdom's figure about 2.2 times Sub-Saharan Africa (excluding high income)'s.
Across all 39 years both countries report, United Kingdom has been ahead every year.
Sub-Saharan Africa (excluding high income) ranks 7th and United Kingdom ranks 9th of 45 groups.
United Kingdom has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Sub-Saharan Africa (excluding high income) | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 5.8% | 17.5% | 11.7% | United Kingdom |
| 1990s | 5.3% | 18.4% | 13.2% | United Kingdom |
| 2000s | 5.0% | 29.3% | 24.3% | United Kingdom |
| 2010s | 6.5% | 28.9% | 22.4% | United Kingdom |
| 2020s | 11.9% | 26.1% | 14.2% | United Kingdom |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Sub-Saharan Africa (excluding high income) or United Kingdom?
- United Kingdom, at 25.2% against 11.5% in Sub-Saharan Africa (excluding high income) as of 2025.
- What is the difference in insurance and financial services between Sub-Saharan Africa (excluding high income) and United Kingdom?
- 13.7%, with United Kingdom ahead.
- How many years of comparable data are there for Sub-Saharan Africa (excluding high income) and United Kingdom?
- 39 years are reported by both, from 1986 to 2024.
- How do Sub-Saharan Africa (excluding high income) and United Kingdom rank globally for insurance and financial services?
- Sub-Saharan Africa (excluding high income) ranks 7th and United Kingdom ranks 9th of 45 groups.
- 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.
Individual pages
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.