Latvia vs Mongolia: Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- Latvia
- Mongolia
How they compare
Mongolia currently reports 2.2% against 2.1% in Latvia, a difference of 0.1%.
The two have swapped places 2 times across 25 shared years of data; in 1992 it was Mongolia ahead.
Latvia ranks 111th and Mongolia ranks 109th of 190 countries.
Across the 4 decades both report, Latvia averaged higher in 3 and Mongolia in 1.
Head to head by decade
| Decade | Latvia | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.9% | 4.5% | 2.6% | Mongolia |
| 2000s | 16.0% | 1.0% | 15.0% | Latvia |
| 2010s | 9.1% | 1.4% | 7.6% | Latvia |
| 2020s | 2.7% | 1.3% | 1.4% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Latvia or Mongolia?
- Mongolia, at 2.2% against 2.1% in Latvia as of 2025.
- What is the difference in insurance and financial services between Latvia and Mongolia?
- 0.1%, with Mongolia ahead.
- How many years of comparable data are there for Latvia and Mongolia?
- 25 years are reported by both, from 1992 to 2025.
- How do Latvia and Mongolia rank globally for insurance and financial services?
- Latvia ranks 111th and Mongolia ranks 109th 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.