Guyana vs Madagascar: Insurance and financial services
Insurance and financial services over time
- Guyana
- Madagascar
How they compare
Madagascar currently reports 1.4% against 1.2% in Guyana, a difference of 0.2%.
That makes Madagascar's figure about 1.2 times Guyana's.
The two have swapped places 3 times across 41 shared years of data; in 1977 it was Guyana ahead.
Guyana ranks 192nd and Madagascar ranks 190th of 197 countries.
Across the 6 decades both report, Guyana averaged higher in 5 and Madagascar in 1.
Head to head by decade
| Decade | Guyana | Madagascar | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 11.3% | 5.5% | 5.8% | Guyana |
| 1980s | 10.5% | 4.4% | 6.1% | Guyana |
| 1990s | 5.9% | 2.2% | 3.7% | Guyana |
| 2000s | 10.3% | 1.3% | 9.1% | Guyana |
| 2010s | 10.0% | 0.9% | 9.1% | Guyana |
| 2020s | 2.0% | 2.2% | 0.2% | Madagascar |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Guyana or Madagascar?
- Madagascar, at 1.4% against 1.2% in Guyana as of 2024.
- What is the difference in insurance and financial services between Guyana and Madagascar?
- 0.2%, with Madagascar ahead.
- How many years of comparable data are there for Guyana and Madagascar?
- 41 years are reported by both, from 1977 to 2023.
- How do Guyana and Madagascar rank globally for insurance and financial services?
- Guyana ranks 192nd and Madagascar ranks 190th 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.
Individual pages
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.