Papua New Guinea vs Tonga: Insurance and financial services
Insurance and financial services over time
- Papua New Guinea
- Tonga
How they compare
Tonga currently reports 0.1% against 0.1% in Papua New Guinea, a difference of 0.0%.
That makes Tonga's figure about 1.3 times Papua New Guinea's.
The two have swapped places 6 times across 30 shared years of data; in 1978 it was Papua New Guinea ahead.
Papua New Guinea ranks 182nd and Tonga ranks 181st of 190 countries.
Papua New Guinea has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Papua New Guinea | Tonga | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 1.7% | 0.6% | 1.0% | Papua New Guinea |
| 1980s | 1.1% | 1.0% | 0.1% | Papua New Guinea |
| 1990s | 0.9% | 0.2% | 0.7% | Papua New Guinea |
| 2000s | 5.5% | 4.0% | 1.5% | Papua New Guinea |
| 2010s | 4.4% | 0.6% | 3.9% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Papua New Guinea or Tonga?
- Tonga, at 0.1% against 0.1% in Papua New Guinea as of 2017.
- What is the difference in insurance and financial services between Papua New Guinea and Tonga?
- 0.0%, with Tonga ahead.
- How many years of comparable data are there for Papua New Guinea and Tonga?
- 30 years are reported by both, from 1978 to 2017.
- How do Papua New Guinea and Tonga rank globally for insurance and financial services?
- Papua New Guinea ranks 182nd and Tonga ranks 181st 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.