Cayman Islands vs Libya: Insurance and financial services
Insurance and financial services over time
- Cayman Islands
- Libya
How they compare
Cayman Islands currently reports 30.3% against 27.7% in Libya, a difference of 2.6%.
That makes Cayman Islands's figure about 1.1 times Libya's.
Across all 8 years both countries report, Cayman Islands has been ahead every year.
Cayman Islands ranks 3rd and Libya ranks 4th of 197 countries.
Cayman Islands has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Cayman Islands | Libya | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 37.6% | 27.0% | 10.5% | Cayman Islands |
| 2020s | 34.4% | 26.3% | 8.2% | Cayman Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Cayman Islands or Libya?
- Cayman Islands, at 30.3% against 27.7% in Libya as of 2024.
- What is the difference in insurance and financial services between Cayman Islands and Libya?
- 2.6%, with Cayman Islands ahead.
- How many years of comparable data are there for Cayman Islands and Libya?
- 8 years are reported by both, from 2016 to 2023.
- How do Cayman Islands and Libya rank globally for insurance and financial services?
- Cayman Islands ranks 3rd and Libya ranks 4th 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.