Armenia vs Heavily indebted poor countries (HIPC): Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- Armenia
- Heavily indebted poor countries (HIPC)
How they compare
Armenia currently reports 11.5% against 6.1% in Heavily indebted poor countries (HIPC), a difference of 5.4%.
That makes Armenia's figure about 1.9 times Heavily indebted poor countries (HIPC)'s.
The two have swapped places 7 times across 26 shared years of data; in 1999 it was Heavily indebted poor countries (HIPC) ahead.
Armenia ranks 27th and Heavily indebted poor countries (HIPC) ranks 24th of 190 countries.
Across the 4 decades both report, Armenia averaged higher in 1 and Heavily indebted poor countries (HIPC) in 3.
Head to head by decade
| Decade | Armenia | Heavily indebted poor countries (HIPC) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2.8% | 4.4% | 1.6% | Heavily indebted poor countries (HIPC) |
| 2000s | 2.7% | 5.1% | 2.4% | Heavily indebted poor countries (HIPC) |
| 2010s | 2.0% | 4.2% | 2.2% | Heavily indebted poor countries (HIPC) |
| 2020s | 6.7% | 5.0% | 1.7% | Armenia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Armenia or Heavily indebted poor countries (HIPC)?
- Armenia, at 11.5% against 6.1% in Heavily indebted poor countries (HIPC) as of 2025.
- What is the difference in insurance and financial services between Armenia and Heavily indebted poor countries (HIPC)?
- 5.4%, with Armenia ahead.
- How many years of comparable data are there for Armenia and Heavily indebted poor countries (HIPC)?
- 26 years are reported by both, from 1999 to 2024.
- How do Armenia and Heavily indebted poor countries (HIPC) rank globally for insurance and financial services?
- Armenia ranks 27th and Heavily indebted poor countries (HIPC) ranks 24th 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.