Caribbean Small States vs Nigeria: Insurance and financial services
Insurance and financial services over time
- Caribbean Small States
- Nigeria
How they compare
Nigeria currently reports 25.3% against 11.0% in Caribbean Small States, a difference of 14.3%.
That makes Nigeria's figure about 2.3 times Caribbean Small States's.
The two have swapped places 3 times across 31 shared years of data; in 1995 it was Caribbean Small States ahead.
Caribbean Small States ranks 11th and Nigeria ranks 8th of 45 groups.
Across the 4 decades both report, Caribbean Small States averaged higher in 3 and Nigeria in 1.
Head to head by decade
| Decade | Caribbean Small States | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 5.9% | 0.5% | 5.4% | Caribbean Small States |
| 2000s | 12.6% | 0.7% | 11.8% | Caribbean Small States |
| 2010s | 7.2% | 7.0% | 0.2% | Caribbean Small States |
| 2020s | 15.8% | 26.0% | 10.2% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Caribbean Small States or Nigeria?
- Nigeria, at 25.3% against 11.0% in Caribbean Small States as of 2025.
- What is the difference in insurance and financial services between Caribbean Small States and Nigeria?
- 14.3%, with Nigeria ahead.
- How many years of comparable data are there for Caribbean Small States and Nigeria?
- 31 years are reported by both, from 1995 to 2025.
- How do Caribbean Small States and Nigeria rank globally for insurance and financial services?
- Caribbean Small States ranks 11th and Nigeria ranks 8th 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.