Algeria vs Europe & Central Asia (IDA & IBRD countries): Insurance and financial services
Insurance and financial services over time
- Algeria
- Europe & Central Asia (IDA & IBRD countries)
How they compare
Algeria currently reports 10.8% against 4.3% in Europe & Central Asia (IDA & IBRD countries), a difference of 6.5%.
That makes Algeria's figure about 2.5 times Europe & Central Asia (IDA & IBRD countries)'s.
Across all 20 years both countries report, Algeria has been ahead every year.
Algeria ranks 31st and Europe & Central Asia (IDA & IBRD countries) ranks 28th of 190 countries.
Algeria has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Algeria | Europe & Central Asia (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 9.8% | 2.5% | 7.2% | Algeria |
| 2010s | 10.1% | 2.5% | 7.6% | Algeria |
| 2020s | 10.2% | 3.1% | 7.0% | Algeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Algeria or Europe & Central Asia (IDA & IBRD countries)?
- Algeria, at 10.8% against 4.3% in Europe & Central Asia (IDA & IBRD countries) as of 2024.
- What is the difference in insurance and financial services between Algeria and Europe & Central Asia (IDA & IBRD countries)?
- 6.5%, with Algeria ahead.
- How many years of comparable data are there for Algeria and Europe & Central Asia (IDA & IBRD countries)?
- 20 years are reported by both, from 2005 to 2024.
- How do Algeria and Europe & Central Asia (IDA & IBRD countries) rank globally for insurance and financial services?
- Algeria ranks 31st and Europe & Central Asia (IDA & IBRD countries) ranks 28th of 190 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 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.