Iceland vs Saudi Arabia: Insurance and financial services
Insurance and financial services over time
- Iceland
- Saudi Arabia
How they compare
Saudi Arabia currently reports 4.6% against 4.4% in Iceland, a difference of 0.2%.
The two have swapped places 3 times across 17 shared years of data; in 2009 it was Iceland ahead.
Iceland ranks 72nd and Saudi Arabia ranks 71st of 190 countries.
Across the 3 decades both report, Iceland averaged higher in 1 and Saudi Arabia in 2.
Head to head by decade
| Decade | Iceland | Saudi Arabia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 8.0% | 7.3% | 0.7% | Iceland |
| 2010s | 5.3% | 5.4% | 0.1% | Saudi Arabia |
| 2020s | 4.3% | 6.5% | 2.2% | Saudi Arabia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Iceland or Saudi Arabia?
- Saudi Arabia, at 4.6% against 4.4% in Iceland as of 2025.
- What is the difference in insurance and financial services between Iceland and Saudi Arabia?
- 0.2%, with Saudi Arabia ahead.
- How many years of comparable data are there for Iceland and Saudi Arabia?
- 17 years are reported by both, from 2009 to 2025.
- How do Iceland and Saudi Arabia rank globally for insurance and financial services?
- Iceland ranks 72nd and Saudi Arabia ranks 71st 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.
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.