Nigeria vs Switzerland: Insurance and financial services
Insurance and financial services over time
- Nigeria
- Switzerland
How they compare
Nigeria currently reports 25.3% against 21.4% in Switzerland, a difference of 3.9%.
That makes Nigeria's figure about 1.2 times Switzerland's.
The two have swapped places 5 times across 49 shared years of data; in 1977 it was Switzerland ahead.
Nigeria ranks 8th and Switzerland ranks 11th of 190 countries.
Across the 6 decades both report, Nigeria averaged higher in 1 and Switzerland in 5.
Head to head by decade
| Decade | Nigeria | Switzerland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.4% | 5.1% | 0.7% | Switzerland |
| 1980s | 3.3% | 17.2% | 14.0% | Switzerland |
| 1990s | 0.6% | 30.4% | 29.8% | Switzerland |
| 2000s | 0.7% | 36.4% | 35.7% | Switzerland |
| 2010s | 7.0% | 24.6% | 17.6% | Switzerland |
| 2020s | 26.0% | 22.2% | 3.8% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Nigeria or Switzerland?
- Nigeria, at 25.3% against 21.4% in Switzerland as of 2025.
- What is the difference in insurance and financial services between Nigeria and Switzerland?
- 3.9%, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Switzerland?
- 49 years are reported by both, from 1977 to 2025.
- How do Nigeria and Switzerland rank globally for insurance and financial services?
- Nigeria ranks 8th and Switzerland ranks 11th 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.