Malaysia vs Turkey: Insurance and financial services
Insurance and financial services over time
- Malaysia
- Turkey
How they compare
Turkey currently reports 2.5% against 2.5% in Malaysia, a difference of 0.0%.
The two have swapped places 6 times across 39 shared years of data; in 1974 it was Turkey ahead.
Malaysia ranks 99th and Turkey ranks 98th of 190 countries.
Across the 6 decades both report, Malaysia averaged higher in 1 and Turkey in 5.
Head to head by decade
| Decade | Malaysia | Turkey | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.4% | 1.5% | 1.0% | Turkey |
| 1980s | 0.2% | 2.4% | 2.2% | Turkey |
| 1990s | 0.7% | 1.7% | 1.0% | Turkey |
| 2000s | 1.9% | 2.8% | 0.9% | Turkey |
| 2010s | 2.1% | 2.8% | 0.8% | Turkey |
| 2020s | 3.7% | 2.6% | 1.1% | Malaysia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Malaysia or Turkey?
- Turkey, at 2.5% against 2.5% in Malaysia as of 2024.
- What is the difference in insurance and financial services between Malaysia and Turkey?
- 0.0%, with Turkey ahead.
- How many years of comparable data are there for Malaysia and Turkey?
- 39 years are reported by both, from 1974 to 2024.
- How do Malaysia and Turkey rank globally for insurance and financial services?
- Malaysia ranks 99th and Turkey 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.