Euro area vs Nigeria: Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- Euro area
- Nigeria
How they compare
Nigeria currently reports 25.3% against 9.7% in Euro area, a difference of 15.6%.
That makes Nigeria's figure about 2.6 times Euro area's.
The two have swapped places 5 times across 49 shared years of data; in 1977 it was Euro area ahead.
Euro area ranks 12th and Nigeria ranks 9th of 45 groups.
Across the 6 decades both report, Euro area averaged higher in 3 and Nigeria in 3.
Head to head by decade
| Decade | Euro area | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.7% | 4.4% | 1.7% | Nigeria |
| 1980s | 3.2% | 3.3% | 0.1% | Nigeria |
| 1990s | 6.8% | 0.6% | 6.2% | Euro area |
| 2000s | 8.7% | 0.7% | 8.0% | Euro area |
| 2010s | 8.9% | 7.0% | 1.9% | Euro area |
| 2020s | 9.3% | 26.0% | 16.7% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Euro area or Nigeria?
- Nigeria, at 25.3% against 9.7% in Euro area as of 2025.
- What is the difference in insurance and financial services between Euro area and Nigeria?
- 15.6%, with Nigeria ahead.
- How many years of comparable data are there for Euro area and Nigeria?
- 49 years are reported by both, from 1977 to 2025.
- How do Euro area and Nigeria rank globally for insurance and financial services?
- Euro area ranks 12th and Nigeria ranks 9th 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.
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.