Algeria vs India: Insurance and financial services
Insurance and financial services over time
- Algeria
- India
How they compare
Algeria currently reports 3.0% against 2.9% in India, a difference of 0.1%.
The two have swapped places 3 times across 35 shared years of data; in 1977 it was Algeria ahead.
Algeria ranks 157th and India ranks 158th of 197 countries.
Across the 6 decades both report, Algeria averaged higher in 3 and India in 3.
Head to head by decade
| Decade | Algeria | India | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 6.7% | 5.5% | 1.3% | Algeria |
| 1980s | 6.2% | 5.0% | 1.3% | Algeria |
| 1990s | 9.7% | 5.9% | 3.8% | Algeria |
| 2000s | 3.4% | 8.4% | 5.0% | India |
| 2010s | 2.4% | 7.4% | 5.0% | India |
| 2020s | 3.1% | 4.8% | 1.7% | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Algeria or India?
- Algeria, at 3.0% against 2.9% in India as of 2024.
- What is the difference in insurance and financial services between Algeria and India?
- 0.1%, with Algeria ahead.
- How many years of comparable data are there for Algeria and India?
- 35 years are reported by both, from 1977 to 2024.
- How do Algeria and India rank globally for insurance and financial services?
- Algeria ranks 157th and India ranks 158th of 197 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 imports). 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 imports which are commercial services provided by non-residents to residents.