Hong Kong vs Sub-Saharan Africa: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- Hong Kong
- Sub-Saharan Africa
How they compare
Hong Kong currently reports 12.6% against 7.3% in Sub-Saharan Africa, a difference of 5.3%.
That makes Hong Kong's figure about 1.7 times Sub-Saharan Africa's.
The two have swapped places 1 time across 28 shared years of data; in 1998 it was Sub-Saharan Africa ahead.
Hong Kong ranks 32nd and Sub-Saharan Africa ranks 30th of 197 countries.
Across the 4 decades both report, Hong Kong averaged higher in 2 and Sub-Saharan Africa in 2.
Head to head by decade
| Decade | Hong Kong | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 4.2% | 5.6% | 1.4% | Sub-Saharan Africa |
| 2000s | 4.5% | 5.4% | 0.9% | Sub-Saharan Africa |
| 2010s | 8.1% | 5.4% | 2.7% | Hong Kong |
| 2020s | 13.9% | 6.7% | 7.2% | Hong Kong |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Hong Kong or Sub-Saharan Africa?
- Hong Kong, at 12.6% against 7.3% in Sub-Saharan Africa as of 2025.
- What is the difference in insurance and financial services between Hong Kong and Sub-Saharan Africa?
- 5.3%, with Hong Kong ahead.
- How many years of comparable data are there for Hong Kong and Sub-Saharan Africa?
- 28 years are reported by both, from 1998 to 2025.
- How do Hong Kong and Sub-Saharan Africa rank globally for insurance and financial services?
- Hong Kong ranks 32nd and Sub-Saharan Africa ranks 30th 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.