Cyprus vs IDA total: Insurance and financial services
Insurance and financial services over time
- Cyprus
- IDA total
How they compare
Cyprus currently reports 19.7% against 10.0% in IDA total, a difference of 9.7%.
That makes Cyprus's figure about 2.0 times IDA total's.
Across all 30 years both countries report, Cyprus has been ahead every year.
Cyprus ranks 15th and IDA total ranks 13th of 190 countries.
Cyprus has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Cyprus | IDA total | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.8% | 2.2% | 1.6% | Cyprus |
| 2000s | 10.4% | 3.5% | 6.9% | Cyprus |
| 2010s | 29.6% | 4.9% | 24.8% | Cyprus |
| 2020s | 26.0% | 8.9% | 17.1% | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Cyprus or IDA total?
- Cyprus, at 19.7% against 10.0% in IDA total as of 2025.
- What is the difference in insurance and financial services between Cyprus and IDA total?
- 9.7%, with Cyprus ahead.
- How many years of comparable data are there for Cyprus and IDA total?
- 30 years are reported by both, from 1995 to 2024.
- How do Cyprus and IDA total rank globally for insurance and financial services?
- Cyprus ranks 15th and IDA total ranks 13th 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.