Cape Verde vs Guinea-Bissau: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- Cape Verde
- Guinea-Bissau
How they compare
Guinea-Bissau currently reports 3.9% against 3.7% in Cape Verde, a difference of 0.2%.
The two have swapped places 7 times across 29 shared years of data; in 1982 it was Guinea-Bissau ahead.
Cape Verde ranks 141st and Guinea-Bissau ranks 138th of 197 countries.
Across the 4 decades both report, Cape Verde averaged higher in 3 and Guinea-Bissau in 1.
Head to head by decade
| Decade | Cape Verde | Guinea-Bissau | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1.1% | 4.1% | 3.1% | Guinea-Bissau |
| 2000s | 4.9% | 2.4% | 2.5% | Cape Verde |
| 2010s | 4.6% | 4.4% | 0.3% | Cape Verde |
| 2020s | 4.2% | 2.9% | 1.2% | Cape Verde |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Cape Verde or Guinea-Bissau?
- Guinea-Bissau, at 3.9% against 3.7% in Cape Verde as of 2024.
- What is the difference in insurance and financial services between Cape Verde and Guinea-Bissau?
- 0.2%, with Guinea-Bissau ahead.
- How many years of comparable data are there for Cape Verde and Guinea-Bissau?
- 29 years are reported by both, from 1982 to 2024.
- How do Cape Verde and Guinea-Bissau rank globally for insurance and financial services?
- Cape Verde ranks 141st and Guinea-Bissau ranks 138th 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.