Bahamas vs Sub-Saharan Africa: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- Bahamas
- Sub-Saharan Africa
How they compare
Bahamas currently reports 12.7% against 7.3% in Sub-Saharan Africa, a difference of 5.4%.
That makes Bahamas's figure about 1.7 times Sub-Saharan Africa's.
The two have swapped places 1 time across 48 shared years of data; in 1977 it was Sub-Saharan Africa ahead.
Bahamas ranks 31st and Sub-Saharan Africa ranks 30th of 197 countries.
Across the 6 decades both report, Bahamas averaged higher in 4 and Sub-Saharan Africa in 2.
Head to head by decade
| Decade | Bahamas | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 1.4% | 8.3% | 6.9% | Sub-Saharan Africa |
| 1980s | 2.0% | 7.6% | 5.6% | Sub-Saharan Africa |
| 1990s | 8.4% | 6.3% | 2.1% | Bahamas |
| 2000s | 8.4% | 5.4% | 3.1% | Bahamas |
| 2010s | 10.7% | 5.4% | 5.3% | Bahamas |
| 2020s | 14.6% | 6.6% | 8.0% | Bahamas |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Bahamas or Sub-Saharan Africa?
- Bahamas, at 12.7% against 7.3% in Sub-Saharan Africa as of 2024.
- What is the difference in insurance and financial services between Bahamas and Sub-Saharan Africa?
- 5.4%, with Bahamas ahead.
- How many years of comparable data are there for Bahamas and Sub-Saharan Africa?
- 48 years are reported by both, from 1977 to 2024.
- How do Bahamas and Sub-Saharan Africa rank globally for insurance and financial services?
- Bahamas ranks 31st and Sub-Saharan Africa ranks 30th of 197 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 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.