Burkina Faso vs World: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- Burkina Faso
- World
How they compare
Burkina Faso currently reports 16.8% against 9.8% in World, a difference of 7.0%.
That makes Burkina Faso's figure about 1.7 times World's.
Across all 20 years both countries report, Burkina Faso has been ahead every year.
Burkina Faso ranks 15th and World ranks 12th of 197 countries.
Burkina Faso has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Burkina Faso | World | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 15.4% | 9.5% | 6.0% | Burkina Faso |
| 2010s | 17.0% | 9.0% | 8.0% | Burkina Faso |
| 2020s | 17.9% | 9.8% | 8.0% | Burkina Faso |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Burkina Faso or World?
- Burkina Faso, at 16.8% against 9.8% in World as of 2024.
- What is the difference in insurance and financial services between Burkina Faso and World?
- 7.0%, with Burkina Faso ahead.
- How many years of comparable data are there for Burkina Faso and World?
- 20 years are reported by both, from 2005 to 2024.
- How do Burkina Faso and World rank globally for insurance and financial services?
- Burkina Faso ranks 15th and World ranks 12th 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.