European Union vs United States: Insurance and financial services
Insurance and financial services over time
- European Union
- United States
How they compare
United States currently reports 20.2% against 9.5% in European Union, a difference of 10.7%.
That makes United States's figure about 2.1 times European Union's.
The two have swapped places 3 times across 42 shared years of data; in 1976 it was European Union ahead.
European Union ranks 15th and United States ranks 13th of 45 groups.
Across the 6 decades both report, European Union averaged higher in 1 and United States in 5.
Head to head by decade
| Decade | European Union | United States | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.9% | 1.7% | 1.2% | European Union |
| 1980s | 3.3% | 5.0% | 1.6% | United States |
| 1990s | 5.5% | 7.1% | 1.6% | United States |
| 2000s | 7.8% | 14.8% | 7.0% | United States |
| 2010s | 8.0% | 18.2% | 10.2% | United States |
| 2020s | 8.5% | 21.4% | 13.0% | United States |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, European Union or United States?
- United States, at 20.2% against 9.5% in European Union as of 2025.
- What is the difference in insurance and financial services between European Union and United States?
- 10.7%, with United States ahead.
- How many years of comparable data are there for European Union and United States?
- 42 years are reported by both, from 1976 to 2025.
- How do European Union and United States rank globally for insurance and financial services?
- European Union ranks 15th and United States ranks 13th 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.