Africa Western and Central vs Libya: Insurance and financial services
Insurance and financial services over time
- Africa Western and Central
- Libya
How they compare
Libya currently reports 96.1% against 23.9% in Africa Western and Central, a difference of 72.2%.
That makes Libya's figure about 4.0 times Africa Western and Central's.
The two have swapped places 2 times across 22 shared years of data; in 2000 it was Libya ahead.
Africa Western and Central ranks 1st and Libya ranks 1st of 45 groups.
Libya has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Africa Western and Central | Libya | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 3.7% | 14.6% | 10.9% | Libya |
| 2010s | 6.3% | 38.1% | 31.8% | Libya |
| 2020s | 16.6% | 66.5% | 49.8% | Libya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Africa Western and Central or Libya?
- Libya, at 96.1% against 23.9% in Africa Western and Central as of 2023.
- What is the difference in insurance and financial services between Africa Western and Central and Libya?
- 72.2%, with Libya ahead.
- How many years of comparable data are there for Africa Western and Central and Libya?
- 22 years are reported by both, from 2000 to 2023.
- How do Africa Western and Central and Libya rank globally for insurance and financial services?
- Africa Western and Central ranks 1st and Libya ranks 1st of 45 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 exports). 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 exports which are commercial services provided by residents to non-residents.