Nigeria vs United Kingdom: Insurance and financial services
Insurance and financial services over time
- Nigeria
- United Kingdom
How they compare
Nigeria currently reports 25.3% against 25.2% in United Kingdom, a difference of 0.1%.
The two have swapped places 1 time across 40 shared years of data; in 1986 it was United Kingdom ahead.
Nigeria ranks 8th and United Kingdom ranks 9th of 190 countries.
Across the 5 decades both report, Nigeria averaged higher in 1 and United Kingdom in 4.
Head to head by decade
| Decade | Nigeria | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1.1% | 17.5% | 16.4% | United Kingdom |
| 1990s | 0.6% | 18.4% | 17.8% | United Kingdom |
| 2000s | 0.7% | 29.3% | 28.6% | United Kingdom |
| 2010s | 7.0% | 28.9% | 21.9% | United Kingdom |
| 2020s | 26.0% | 25.9% | 0.1% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Nigeria or United Kingdom?
- Nigeria, at 25.3% against 25.2% in United Kingdom as of 2025.
- What is the difference in insurance and financial services between Nigeria and United Kingdom?
- 0.1%, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and United Kingdom?
- 40 years are reported by both, from 1986 to 2025.
- How do Nigeria and United Kingdom rank globally for insurance and financial services?
- Nigeria ranks 8th and United Kingdom ranks 9th 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.
Individual pages
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.