Europe & Central Asia (IDA & IBRD countries) vs Hong Kong: Insurance and financial services
Insurance and financial services over time
- Europe & Central Asia (IDA & IBRD countries)
- Hong Kong
How they compare
Hong Kong currently reports 11.9% against 5.2% in Europe & Central Asia (IDA & IBRD countries), a difference of 6.7%.
That makes Hong Kong's figure about 2.3 times Europe & Central Asia (IDA & IBRD countries)'s.
The two have swapped places 1 time across 27 shared years of data; in 1998 it was Europe & Central Asia (IDA & IBRD countries) ahead.
Europe & Central Asia (IDA & IBRD countries) ranks 41st and Hong Kong ranks 38th of 47 groups.
Across the 4 decades both report, Europe & Central Asia (IDA & IBRD countries) averaged higher in 2 and Hong Kong in 2.
Head to head by decade
| Decade | Europe & Central Asia (IDA & IBRD countries) | Hong Kong | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 8.1% | 4.2% | 3.9% | Europe & Central Asia (IDA & IBRD countries) |
| 2000s | 7.7% | 4.5% | 3.3% | Europe & Central Asia (IDA & IBRD countries) |
| 2010s | 7.1% | 8.1% | 1.0% | Hong Kong |
| 2020s | 5.8% | 14.1% | 8.3% | Hong Kong |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Europe & Central Asia (IDA & IBRD countries) or Hong Kong?
- Hong Kong, at 11.9% against 5.2% in Europe & Central Asia (IDA & IBRD countries) as of 2024.
- What is the difference in insurance and financial services between Europe & Central Asia (IDA & IBRD countries) and Hong Kong?
- 6.7%, with Hong Kong ahead.
- How many years of comparable data are there for Europe & Central Asia (IDA & IBRD countries) and Hong Kong?
- 27 years are reported by both, from 1998 to 2024.
- How do Europe & Central Asia (IDA & IBRD countries) and Hong Kong rank globally for insurance and financial services?
- Europe & Central Asia (IDA & IBRD countries) ranks 41st and Hong Kong ranks 38th 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.