European Union vs Oman: Insurance and financial services
Insurance and financial services over time
- European Union
- Oman
How they compare
Oman currently reports 14.5% against 8.0% in European Union, a difference of 6.5%.
That makes Oman's figure about 1.8 times European Union's.
The two have swapped places 2 times across 41 shared years of data; in 1976 it was Oman ahead.
European Union ranks 22nd and Oman ranks 20th of 47 groups.
Across the 6 decades both report, European Union averaged higher in 2 and Oman in 4.
Head to head by decade
| Decade | European Union | Oman | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.5% | 6.3% | 1.8% | Oman |
| 1980s | 5.0% | 4.1% | 0.8% | European Union |
| 1990s | 5.7% | 5.0% | 0.6% | European Union |
| 2000s | 5.8% | 9.5% | 3.8% | Oman |
| 2010s | 7.0% | 12.5% | 5.5% | Oman |
| 2020s | 7.7% | 15.4% | 7.7% | Oman |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, European Union or Oman?
- Oman, at 14.5% against 8.0% in European Union as of 2024.
- What is the difference in insurance and financial services between European Union and Oman?
- 6.5%, with Oman ahead.
- How many years of comparable data are there for European Union and Oman?
- 41 years are reported by both, from 1976 to 2024.
- How do European Union and Oman rank globally for insurance and financial services?
- European Union ranks 22nd and Oman ranks 20th 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.