Africa Western and Central vs Kenya: Insurance and financial services
Insurance and financial services over time
- Africa Western and Central
- Kenya
How they compare
Kenya currently reports 14.3% against 8.3% in Africa Western and Central, a difference of 6.0%.
That makes Kenya's figure about 1.7 times Africa Western and Central's.
Across all 46 years both countries report, Kenya has been ahead every year.
Africa Western and Central ranks 20th and Kenya ranks 23rd of 47 groups.
Kenya has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Africa Western and Central | Kenya | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.1% | 7.2% | 2.1% | Kenya |
| 1980s | 4.9% | 10.0% | 5.0% | Kenya |
| 1990s | 4.6% | 10.9% | 6.3% | Kenya |
| 2000s | 5.0% | 8.3% | 3.3% | Kenya |
| 2010s | 5.8% | 10.2% | 4.4% | Kenya |
| 2020s | 6.7% | 12.5% | 5.8% | Kenya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Africa Western and Central or Kenya?
- Kenya, at 14.3% against 8.3% in Africa Western and Central as of 2024.
- What is the difference in insurance and financial services between Africa Western and Central and Kenya?
- 6.0%, with Kenya ahead.
- How many years of comparable data are there for Africa Western and Central and Kenya?
- 46 years are reported by both, from 1977 to 2024.
- How do Africa Western and Central and Kenya rank globally for insurance and financial services?
- Africa Western and Central ranks 20th and Kenya ranks 23rd 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.