Hungary vs Latvia: Insurance and financial services
Insurance and financial services over time
- Hungary
- Latvia
How they compare
Hungary currently reports 2.3% against 2.1% in Latvia, a difference of 0.2%.
The two have swapped places 4 times across 26 shared years of data; in 1992 it was Hungary ahead.
Hungary ranks 103rd and Latvia ranks 106th of 190 countries.
Across the 4 decades both report, Hungary averaged higher in 1 and Latvia in 3.
Head to head by decade
| Decade | Hungary | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2.6% | 2.1% | 0.5% | Hungary |
| 2000s | 2.6% | 16.0% | 13.4% | Latvia |
| 2010s | 1.7% | 9.0% | 7.3% | Latvia |
| 2020s | 2.1% | 2.7% | 0.6% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Hungary or Latvia?
- Hungary, at 2.3% against 2.1% in Latvia as of 2025.
- What is the difference in insurance and financial services between Hungary and Latvia?
- 0.2%, with Hungary ahead.
- How many years of comparable data are there for Hungary and Latvia?
- 26 years are reported by both, from 1992 to 2025.
- How do Hungary and Latvia rank globally for insurance and financial services?
- Hungary ranks 103rd and Latvia ranks 106th 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.