Africa Western and Central vs Ghana: Insurance and financial services
Insurance and financial services over time
- Africa Western and Central
- Ghana
How they compare
Ghana currently reports 14.5% against 8.3% in Africa Western and Central, a difference of 6.2%.
That makes Ghana's figure about 1.7 times Africa Western and Central's.
The two have swapped places 3 times across 46 shared years of data; in 1977 it was Africa Western and Central ahead.
Africa Western and Central ranks 20th and Ghana ranks 21st of 47 groups.
Across the 6 decades both report, Africa Western and Central averaged higher in 2 and Ghana in 4.
Head to head by decade
| Decade | Africa Western and Central | Ghana | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.1% | 3.7% | 1.4% | Africa Western and Central |
| 1980s | 4.9% | 6.1% | 1.2% | Ghana |
| 1990s | 4.6% | 7.6% | 3.0% | Ghana |
| 2000s | 5.0% | 5.1% | 0.1% | Ghana |
| 2010s | 5.8% | 2.7% | 3.2% | Africa Western and Central |
| 2020s | 6.7% | 8.1% | 1.4% | Ghana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Africa Western and Central or Ghana?
- Ghana, at 14.5% against 8.3% in Africa Western and Central as of 2025.
- What is the difference in insurance and financial services between Africa Western and Central and Ghana?
- 6.2%, with Ghana ahead.
- How many years of comparable data are there for Africa Western and Central and Ghana?
- 46 years are reported by both, from 1977 to 2024.
- How do Africa Western and Central and Ghana rank globally for insurance and financial services?
- Africa Western and Central ranks 20th and Ghana ranks 21st of 47 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 imports). 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 imports which are commercial services provided by non-residents to residents.