Libya vs Luxembourg: Insurance and financial services
Insurance and financial services over time
- Libya
- Luxembourg
How they compare
Libya currently reports 96.1% against 60.1% in Luxembourg, a difference of 36.0%.
That makes Libya's figure about 1.6 times Luxembourg's.
The two have swapped places 3 times across 22 shared years of data; in 2000 it was Luxembourg ahead.
Libya ranks 1st and Luxembourg ranks 3rd of 190 countries.
Across the 3 decades both report, Libya averaged higher in 1 and Luxembourg in 2.
Head to head by decade
| Decade | Libya | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 14.6% | 67.5% | 52.8% | Luxembourg |
| 2010s | 38.1% | 63.0% | 24.9% | Luxembourg |
| 2020s | 66.5% | 54.4% | 12.1% | Libya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Libya or Luxembourg?
- Libya, at 96.1% against 60.1% in Luxembourg as of 2023.
- What is the difference in insurance and financial services between Libya and Luxembourg?
- 36.0%, with Libya ahead.
- How many years of comparable data are there for Libya and Luxembourg?
- 22 years are reported by both, from 2000 to 2023.
- How do Libya and Luxembourg rank globally for insurance and financial services?
- Libya ranks 1st and Luxembourg ranks 3rd 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.