Lao People's Democratic Republic vs Mongolia: Insurance and financial services
Insurance and financial services over time
- Lao People's Democratic Republic
- Mongolia
How they compare
Mongolia currently reports 0.8% against 0.7% in Lao People's Democratic Republic, a difference of 0.1%.
That makes Mongolia's figure about 1.2 times Lao People's Democratic Republic's.
The two have swapped places 8 times across 31 shared years of data; in 1988 it was Mongolia ahead.
Lao People's Democratic Republic ranks 154th and Mongolia ranks 151st of 190 countries.
Across the 5 decades both report, Lao People's Democratic Republic averaged higher in 3 and Mongolia in 2.
Head to head by decade
| Decade | Lao People's Democratic Republic | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1.2% | 4.4% | 3.2% | Mongolia |
| 1990s | -0.4% | 4.5% | 4.9% | Mongolia |
| 2000s | 2.1% | 1.2% | 0.8% | Lao People's Democratic Republic |
| 2010s | 2.2% | 1.4% | 0.8% | Lao People's Democratic Republic |
| 2020s | 3.1% | 1.1% | 2.0% | Lao People's Democratic Republic |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Lao People's Democratic Republic or Mongolia?
- Mongolia, at 0.8% against 0.7% in Lao People's Democratic Republic as of 2024.
- What is the difference in insurance and financial services between Lao People's Democratic Republic and Mongolia?
- 0.1%, with Mongolia ahead.
- How many years of comparable data are there for Lao People's Democratic Republic and Mongolia?
- 31 years are reported by both, from 1988 to 2024.
- How do Lao People's Democratic Republic and Mongolia rank globally for insurance and financial services?
- Lao People's Democratic Republic ranks 154th and Mongolia ranks 151st 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.