Saint Vincent and the Grenadines vs Sub-Saharan Africa (IDA & IBRD countries): Insurance and financial services
Insurance and financial services over time
- Saint Vincent and the Grenadines
- Sub-Saharan Africa (IDA & IBRD countries)
How they compare
Saint Vincent and the Grenadines currently reports 13.5% against 7.8% in Sub-Saharan Africa (IDA & IBRD countries), a difference of 5.7%.
That makes Saint Vincent and the Grenadines's figure about 1.7 times Sub-Saharan Africa (IDA & IBRD countries)'s.
The two have swapped places 5 times across 47 shared years of data; in 1978 it was Sub-Saharan Africa (IDA & IBRD countries) ahead.
Saint Vincent and the Grenadines ranks 26th and Sub-Saharan Africa (IDA & IBRD countries) ranks 25th of 197 countries.
Across the 6 decades both report, Saint Vincent and the Grenadines averaged higher in 4 and Sub-Saharan Africa (IDA & IBRD countries) in 2.
Head to head by decade
| Decade | Saint Vincent and the Grenadines | Sub-Saharan Africa (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.1% | 8.1% | 3.0% | Sub-Saharan Africa (IDA & IBRD countries) |
| 1980s | 6.0% | 7.6% | 1.6% | Sub-Saharan Africa (IDA & IBRD countries) |
| 1990s | 8.1% | 6.3% | 1.8% | Saint Vincent and the Grenadines |
| 2000s | 10.7% | 5.4% | 5.3% | Saint Vincent and the Grenadines |
| 2010s | 11.5% | 5.4% | 6.1% | Saint Vincent and the Grenadines |
| 2020s | 15.0% | 6.6% | 8.4% | Saint Vincent and the Grenadines |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Saint Vincent and the Grenadines or Sub-Saharan Africa (IDA & IBRD countries)?
- Saint Vincent and the Grenadines, at 13.5% against 7.8% in Sub-Saharan Africa (IDA & IBRD countries) as of 2025.
- What is the difference in insurance and financial services between Saint Vincent and the Grenadines and Sub-Saharan Africa (IDA & IBRD countries)?
- 5.7%, with Saint Vincent and the Grenadines ahead.
- How many years of comparable data are there for Saint Vincent and the Grenadines and Sub-Saharan Africa (IDA & IBRD countries)?
- 47 years are reported by both, from 1978 to 2024.
- How do Saint Vincent and the Grenadines and Sub-Saharan Africa (IDA & IBRD countries) rank globally for insurance and financial services?
- Saint Vincent and the Grenadines ranks 26th and Sub-Saharan Africa (IDA & IBRD countries) ranks 25th 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.