Cyprus vs Euro area: Insurance and financial services
Insurance and financial services over time
- Cyprus
- Euro area
How they compare
Cyprus currently reports 17.1% against 8.7% in Euro area, a difference of 8.4%.
That makes Cyprus's figure about 2.0 times Euro area's.
The two have swapped places 8 times across 42 shared years of data; in 1976 it was Cyprus ahead.
Cyprus ranks 15th and Euro area ranks 17th of 197 countries.
Across the 6 decades both report, Cyprus averaged higher in 5 and Euro area in 1.
Head to head by decade
| Decade | Cyprus | Euro area | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 6.5% | 4.6% | 1.9% | Cyprus |
| 1980s | 3.1% | 5.1% | 2.0% | Euro area |
| 1990s | 7.1% | 5.7% | 1.4% | Cyprus |
| 2000s | 8.8% | 5.7% | 3.0% | Cyprus |
| 2010s | 24.4% | 7.4% | 17.0% | Cyprus |
| 2020s | 22.6% | 8.4% | 14.2% | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Cyprus or Euro area?
- Cyprus, at 17.1% against 8.7% in Euro area as of 2025.
- What is the difference in insurance and financial services between Cyprus and Euro area?
- 8.4%, with Cyprus ahead.
- How many years of comparable data are there for Cyprus and Euro area?
- 42 years are reported by both, from 1976 to 2025.
- How do Cyprus and Euro area rank globally for insurance and financial services?
- Cyprus ranks 15th and Euro area ranks 17th 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.