Kenya vs Sub-Saharan Africa (excluding high income): Insurance and financial services
Insurance and financial services over time
- Kenya
- Sub-Saharan Africa (excluding high income)
How they compare
Kenya currently reports 14.3% against 7.8% in Sub-Saharan Africa (excluding high income), a difference of 6.5%.
That makes Kenya's figure about 1.8 times Sub-Saharan Africa (excluding high income)'s.
The two have swapped places 1 time across 48 shared years of data; in 1977 it was Sub-Saharan Africa (excluding high income) ahead.
Kenya ranks 23rd and Sub-Saharan Africa (excluding high income) ranks 24th of 197 countries.
Across the 6 decades both report, Kenya averaged higher in 5 and Sub-Saharan Africa (excluding high income) in 1.
Head to head by decade
| Decade | Kenya | Sub-Saharan Africa (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 7.2% | 8.3% | 1.1% | Sub-Saharan Africa (excluding high income) |
| 1980s | 10.0% | 7.6% | 2.3% | Kenya |
| 1990s | 10.9% | 6.3% | 4.6% | Kenya |
| 2000s | 9.2% | 5.4% | 3.8% | Kenya |
| 2010s | 10.2% | 5.4% | 4.8% | Kenya |
| 2020s | 12.5% | 6.6% | 5.9% | Kenya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Kenya or Sub-Saharan Africa (excluding high income)?
- Kenya, at 14.3% against 7.8% in Sub-Saharan Africa (excluding high income) as of 2024.
- What is the difference in insurance and financial services between Kenya and Sub-Saharan Africa (excluding high income)?
- 6.5%, with Kenya ahead.
- How many years of comparable data are there for Kenya and Sub-Saharan Africa (excluding high income)?
- 48 years are reported by both, from 1977 to 2024.
- How do Kenya and Sub-Saharan Africa (excluding high income) rank globally for insurance and financial services?
- Kenya ranks 23rd and Sub-Saharan Africa (excluding high income) ranks 24th 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.