Burkina Faso vs Panama: Insurance and financial services
Insurance and financial services over time
- Burkina Faso
- Panama
How they compare
Panama currently reports 17.8% against 16.8% in Burkina Faso, a difference of 1.0%.
That makes Panama's figure about 1.1 times Burkina Faso's.
The two have swapped places 4 times across 20 shared years of data; in 2005 it was Panama ahead.
Burkina Faso ranks 16th and Panama ranks 13th of 197 countries.
Across the 3 decades both report, Burkina Faso averaged higher in 2 and Panama in 1.
Head to head by decade
| Decade | Burkina Faso | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 15.4% | 16.2% | 0.8% | Panama |
| 2010s | 17.0% | 15.1% | 1.9% | Burkina Faso |
| 2020s | 17.9% | 14.0% | 3.9% | Burkina Faso |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Burkina Faso or Panama?
- Panama, at 17.8% against 16.8% in Burkina Faso as of 2025.
- What is the difference in insurance and financial services between Burkina Faso and Panama?
- 1.0%, with Panama ahead.
- How many years of comparable data are there for Burkina Faso and Panama?
- 20 years are reported by both, from 2005 to 2024.
- How do Burkina Faso and Panama rank globally for insurance and financial services?
- Burkina Faso ranks 16th and Panama ranks 13th 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.