Gambia vs Latin America & Caribbean: Insurance and financial services
Insurance and financial services over time
- Gambia
- Latin America & Caribbean
How they compare
Gambia currently reports 19.8% against 11.2% in Latin America & Caribbean, a difference of 8.6%.
That makes Gambia's figure about 1.8 times Latin America & Caribbean's.
The two have swapped places 8 times across 41 shared years of data; in 1979 it was Gambia ahead.
Gambia ranks 8th and Latin America & Caribbean ranks 6th of 197 countries.
Across the 6 decades both report, Gambia averaged higher in 3 and Latin America & Caribbean in 3.
Head to head by decade
| Decade | Gambia | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 10.0% | 6.4% | 3.6% | Gambia |
| 1980s | 8.6% | 7.5% | 1.1% | Gambia |
| 1990s | 6.4% | 10.7% | 4.2% | Latin America & Caribbean |
| 2000s | 8.5% | 11.6% | 3.1% | Latin America & Caribbean |
| 2010s | 11.2% | 11.8% | 0.6% | Latin America & Caribbean |
| 2020s | 14.7% | 12.8% | 1.9% | Gambia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Gambia or Latin America & Caribbean?
- Gambia, at 19.8% against 11.2% in Latin America & Caribbean as of 2024.
- What is the difference in insurance and financial services between Gambia and Latin America & Caribbean?
- 8.6%, with Gambia ahead.
- How many years of comparable data are there for Gambia and Latin America & Caribbean?
- 41 years are reported by both, from 1979 to 2024.
- How do Gambia and Latin America & Caribbean rank globally for insurance and financial services?
- Gambia ranks 8th and Latin America & Caribbean ranks 6th 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.