Faroe Islands vs New Caledonia: Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- Faroe Islands
- New Caledonia
How they compare
Faroe Islands currently reports 0.8% against 0.7% in New Caledonia, a difference of 0.1%.
That makes Faroe Islands's figure about 1.1 times New Caledonia's.
The two have swapped places 3 times across 10 shared years of data; in 2002 it was Faroe Islands ahead.
Faroe Islands ranks 151st and New Caledonia ranks 154th of 190 countries.
Across the 2 decades both report, Faroe Islands averaged higher in 1 and New Caledonia in 1.
Head to head by decade
| Decade | Faroe Islands | New Caledonia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.8% | 1.0% | 1.8% | Faroe Islands |
| 2010s | 0.8% | 1.9% | 1.2% | New Caledonia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Faroe Islands or New Caledonia?
- Faroe Islands, at 0.8% against 0.7% in New Caledonia as of 2011.
- What is the difference in insurance and financial services between Faroe Islands and New Caledonia?
- 0.1%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and New Caledonia?
- 10 years are reported by both, from 2002 to 2011.
- How do Faroe Islands and New Caledonia rank globally for insurance and financial services?
- Faroe Islands ranks 151st and New Caledonia ranks 154th 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.