Faroe Islands vs Tanzania: Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- Faroe Islands
- Tanzania
How they compare
Tanzania currently reports 0.9% against 0.8% in Faroe Islands, a difference of 0.1%.
That makes Tanzania's figure about 1.2 times Faroe Islands's.
The two have swapped places 1 time across 14 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 151st and Tanzania ranks 148th of 190 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 2 and Tanzania in 1.
Head to head by decade
| Decade | Faroe Islands | Tanzania | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6.4% | 3.0% | 3.4% | Faroe Islands |
| 2000s | 4.5% | 2.1% | 2.3% | Faroe Islands |
| 2010s | 0.8% | 1.7% | 0.9% | Tanzania |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Faroe Islands or Tanzania?
- Tanzania, at 0.9% against 0.8% in Faroe Islands as of 2024.
- What is the difference in insurance and financial services between Faroe Islands and Tanzania?
- 0.1%, with Tanzania ahead.
- How many years of comparable data are there for Faroe Islands and Tanzania?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and Tanzania rank globally for insurance and financial services?
- Faroe Islands ranks 151st and Tanzania ranks 148th 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.