Low income vs Togo: Insurance and financial services
Insurance and financial services over time
- Low income
- Togo
How they compare
Togo currently reports 12.2% against 6.4% in Low income, a difference of 5.8%.
That makes Togo's figure about 1.9 times Low income's.
Across all 16 years both countries report, Togo has been ahead every year.
Low income ranks 32nd and Togo ranks 35th of 47 groups.
Togo has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Low income | Togo | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 6.8% | 11.4% | 4.6% | Togo |
| 2010s | 7.0% | 10.5% | 3.5% | Togo |
| 2020s | 7.5% | 12.2% | 4.6% | Togo |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Low income or Togo?
- Togo, at 12.2% against 6.4% in Low income as of 2020.
- What is the difference in insurance and financial services between Low income and Togo?
- 5.8%, with Togo ahead.
- How many years of comparable data are there for Low income and Togo?
- 16 years are reported by both, from 2005 to 2020.
- How do Low income and Togo rank globally for insurance and financial services?
- Low income ranks 32nd and Togo ranks 35th of 47 groups.
- 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.