Ghana vs Least developed countries: Insurance and financial services
Insurance and financial services over time
- Ghana
- Least developed countries
How they compare
Ghana currently reports 14.5% against 7.9% in Least developed countries, a difference of 6.6%.
That makes Ghana's figure about 1.8 times Least developed countries's.
The two have swapped places 3 times across 38 shared years of data; in 1983 it was Least developed countries ahead.
Ghana ranks 21st and Least developed countries ranks 23rd of 197 countries.
Across the 5 decades both report, Ghana averaged higher in 3 and Least developed countries in 2.
Head to head by decade
| Decade | Ghana | Least developed countries | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 7.4% | 5.4% | 2.0% | Ghana |
| 1990s | 7.8% | 4.8% | 3.0% | Ghana |
| 2000s | 4.8% | 5.3% | 0.5% | Least developed countries |
| 2010s | 2.7% | 6.4% | 3.7% | Least developed countries |
| 2020s | 8.1% | 7.2% | 0.9% | Ghana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Ghana or Least developed countries?
- Ghana, at 14.5% against 7.9% in Least developed countries as of 2025.
- What is the difference in insurance and financial services between Ghana and Least developed countries?
- 6.6%, with Ghana ahead.
- How many years of comparable data are there for Ghana and Least developed countries?
- 38 years are reported by both, from 1983 to 2024.
- How do Ghana and Least developed countries rank globally for insurance and financial services?
- Ghana ranks 21st and Least developed countries ranks 23rd 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.