Europe & Central Asia vs Hong Kong: Insurance and financial services
Insurance and financial services over time
- Europe & Central Asia
- Hong Kong
How they compare
Hong Kong currently reports 26.9% against 11.1% in Europe & Central Asia, a difference of 15.8%.
That makes Hong Kong's figure about 2.4 times Europe & Central Asia's.
Across all 26 years both countries report, Hong Kong has been ahead every year.
Europe & Central Asia ranks 10th and Hong Kong ranks 7th of 45 groups.
Hong Kong has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Europe & Central Asia | Hong Kong | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 9.6% | 15.4% | 5.8% | Hong Kong |
| 2000s | 10.3% | 16.1% | 5.8% | Hong Kong |
| 2010s | 9.7% | 18.9% | 9.2% | Hong Kong |
| 2020s | 9.7% | 30.6% | 20.9% | Hong Kong |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Europe & Central Asia or Hong Kong?
- Hong Kong, at 26.9% against 11.1% in Europe & Central Asia as of 2024.
- What is the difference in insurance and financial services between Europe & Central Asia and Hong Kong?
- 15.8%, with Hong Kong ahead.
- How many years of comparable data are there for Europe & Central Asia and Hong Kong?
- 26 years are reported by both, from 1999 to 2024.
- How do Europe & Central Asia and Hong Kong rank globally for insurance and financial services?
- Europe & Central Asia ranks 10th and Hong Kong ranks 7th 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.