Kenya vs Least developed countries: Insurance and financial services
Insurance and financial services over time
- Kenya
- Least developed countries
How they compare
Kenya currently reports 14.3% against 7.9% in Least developed countries, a difference of 6.4%.
That makes Kenya's figure about 1.8 times Least developed countries's.
Across all 38 years both countries report, Kenya has been ahead every year.
Kenya ranks 23rd and Least developed countries ranks 23rd of 197 countries.
Kenya has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Kenya | Least developed countries | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 9.9% | 5.4% | 4.5% | Kenya |
| 1990s | 10.5% | 4.8% | 5.6% | Kenya |
| 2000s | 8.8% | 5.3% | 3.5% | Kenya |
| 2010s | 10.2% | 6.4% | 3.8% | Kenya |
| 2020s | 12.5% | 7.2% | 5.3% | Kenya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Kenya or Least developed countries?
- Kenya, at 14.3% against 7.9% in Least developed countries as of 2024.
- What is the difference in insurance and financial services between Kenya and Least developed countries?
- 6.4%, with Kenya ahead.
- How many years of comparable data are there for Kenya and Least developed countries?
- 38 years are reported by both, from 1983 to 2024.
- How do Kenya and Least developed countries rank globally for insurance and financial services?
- Kenya ranks 23rd 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.