Belgium vs Norway: Insurance and financial services
Insurance and financial services over time
- Belgium
- Norway
How they compare
Belgium currently reports 8.8% against 7.6% in Norway, a difference of 1.2%.
That makes Belgium's figure about 1.2 times Norway's.
The two have swapped places 6 times across 19 shared years of data; in 2002 it was Belgium ahead.
Belgium ranks 45th and Norway ranks 48th of 190 countries.
Across the 3 decades both report, Belgium averaged higher in 2 and Norway in 1.
Head to head by decade
| Decade | Belgium | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 7.9% | 4.6% | 3.3% | Belgium |
| 2010s | 8.6% | 7.6% | 1.0% | Belgium |
| 2020s | 8.2% | 8.6% | 0.4% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Belgium or Norway?
- Belgium, at 8.8% against 7.6% in Norway as of 2025.
- What is the difference in insurance and financial services between Belgium and Norway?
- 1.2%, with Belgium ahead.
- How many years of comparable data are there for Belgium and Norway?
- 19 years are reported by both, from 2002 to 2025.
- How do Belgium and Norway rank globally for insurance and financial services?
- Belgium ranks 45th and Norway ranks 48th 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.
Individual pages
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.