Botswana vs Faroe Islands: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- Botswana
- Faroe Islands
How they compare
Faroe Islands currently reports 0.8% against 0.6% in Botswana, a difference of 0.2%.
That makes Faroe Islands's figure about 1.4 times Botswana's.
The two have swapped places 1 time across 14 shared years of data; in 1998 it was Faroe Islands ahead.
Botswana ranks 195th and Faroe Islands ranks 194th of 197 countries.
Across the 3 decades both report, Botswana averaged higher in 2 and Faroe Islands in 1.
Head to head by decade
| Decade | Botswana | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.9% | 10.1% | 6.2% | Faroe Islands |
| 2000s | 5.7% | 4.5% | 1.2% | Botswana |
| 2010s | 4.5% | 1.2% | 3.4% | Botswana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Botswana or Faroe Islands?
- Faroe Islands, at 0.8% against 0.6% in Botswana as of 2011.
- What is the difference in insurance and financial services between Botswana and Faroe Islands?
- 0.2%, with Faroe Islands ahead.
- How many years of comparable data are there for Botswana and Faroe Islands?
- 14 years are reported by both, from 1998 to 2011.
- How do Botswana and Faroe Islands rank globally for insurance and financial services?
- Botswana ranks 195th and Faroe Islands ranks 194th 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.