Liberia vs Libya: Insurance and financial services
Insurance and financial services over time
- Liberia
- Libya
How they compare
Libya currently reports 96.1% against 71.7% in Liberia, a difference of 24.4%.
That makes Libya's figure about 1.3 times Liberia's.
The two have swapped places 1 time across 13 shared years of data; in 2010 it was Liberia ahead.
Liberia ranks 2nd and Libya ranks 1st of 190 countries.
Across the 2 decades both report, Liberia averaged higher in 1 and Libya in 1.
Head to head by decade
| Decade | Liberia | Libya | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 98.0% | 38.1% | 59.9% | Liberia |
| 2020s | 41.6% | 66.5% | 24.9% | Libya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Liberia or Libya?
- Libya, at 96.1% against 71.7% in Liberia as of 2023.
- What is the difference in insurance and financial services between Liberia and Libya?
- 24.4%, with Libya ahead.
- How many years of comparable data are there for Liberia and Libya?
- 13 years are reported by both, from 2010 to 2023.
- How do Liberia and Libya rank globally for insurance and financial services?
- Liberia ranks 2nd and Libya ranks 1st 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.