India vs Türkiye: Insurance and financial services
Insurance and financial services over time
- India
- Türkiye
How they compare
India currently reports 2.8% against 2.5% in Türkiye, a difference of 0.3%.
That makes India's figure about 1.1 times Türkiye's.
The two have swapped places 8 times across 42 shared years of data; in 1975 it was India ahead.
India ranks 95th and Türkiye ranks 98th of 190 countries.
Across the 6 decades both report, India averaged higher in 5 and Türkiye in 1.
Head to head by decade
| Decade | India | Türkiye | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.3% | 1.5% | 0.8% | India |
| 1980s | 1.3% | 2.4% | 1.1% | Türkiye |
| 1990s | 2.5% | 1.8% | 0.7% | India |
| 2000s | 4.4% | 2.8% | 1.6% | India |
| 2010s | 4.9% | 2.8% | 2.1% | India |
| 2020s | 3.3% | 2.6% | 0.7% | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, India or Türkiye?
- India, at 2.8% against 2.5% in Türkiye as of 2025.
- What is the difference in insurance and financial services between India and Türkiye?
- 0.3%, with India ahead.
- How many years of comparable data are there for India and Türkiye?
- 42 years are reported by both, from 1975 to 2024.
- How do India and Türkiye rank globally for insurance and financial services?
- India ranks 95th and Türkiye ranks 98th 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.