European Union vs Kenya: Insurance and financial services
Insurance and financial services over time
- European Union
- Kenya
How they compare
Kenya currently reports 14.3% against 8.0% in European Union, a difference of 6.3%.
That makes Kenya's figure about 1.8 times European Union's.
The two have swapped places 2 times across 41 shared years of data; in 1976 it was Kenya ahead.
European Union ranks 22nd 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 | European Union | Kenya | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.5% | 7.0% | 2.5% | Kenya |
| 1980s | 5.0% | 10.0% | 5.0% | Kenya |
| 1990s | 5.7% | 10.9% | 5.2% | Kenya |
| 2000s | 5.8% | 9.2% | 3.4% | Kenya |
| 2010s | 7.0% | 10.2% | 3.2% | Kenya |
| 2020s | 7.7% | 12.5% | 4.8% | Kenya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, European Union or Kenya?
- Kenya, at 14.3% against 8.0% in European Union as of 2024.
- What is the difference in insurance and financial services between European Union and Kenya?
- 6.3%, with Kenya ahead.
- How many years of comparable data are there for European Union and Kenya?
- 41 years are reported by both, from 1976 to 2024.
- How do European Union and Kenya rank globally for insurance and financial services?
- European Union ranks 22nd 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.