Caribbean Small States vs Libya: Insurance and financial services
Insurance and financial services over time
- Caribbean Small States
- Libya
How they compare
Libya currently reports 27.7% against 14.7% in Caribbean Small States, a difference of 13.0%.
That makes Libya's figure about 1.9 times Caribbean Small States's.
The two have swapped places 3 times across 38 shared years of data; in 1977 it was Caribbean Small States ahead.
Caribbean Small States ranks 2nd and Libya ranks 4th of 47 groups.
Across the 6 decades both report, Caribbean Small States averaged higher in 3 and Libya in 3.
Head to head by decade
| Decade | Caribbean Small States | Libya | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 7.2% | 5.3% | 1.9% | Caribbean Small States |
| 1980s | 7.4% | 5.2% | 2.2% | Caribbean Small States |
| 1990s | 8.4% | 4.1% | 4.3% | Caribbean Small States |
| 2000s | 5.7% | 5.9% | 0.2% | Libya |
| 2010s | 10.9% | 24.7% | 13.8% | Libya |
| 2020s | 16.7% | 26.3% | 9.6% | Libya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Caribbean Small States or Libya?
- Libya, at 27.7% against 14.7% in Caribbean Small States as of 2023.
- What is the difference in insurance and financial services between Caribbean Small States and Libya?
- 13.0%, with Libya ahead.
- How many years of comparable data are there for Caribbean Small States and Libya?
- 38 years are reported by both, from 1977 to 2023.
- How do Caribbean Small States and Libya rank globally for insurance and financial services?
- Caribbean Small States ranks 2nd and Libya ranks 4th of 47 groups.
- 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.