Faroe Islands vs Marshall Islands: Insurance and financial services
Insurance and financial services over time
- Faroe Islands
- Marshall Islands
How they compare
Faroe Islands currently reports 0.8% against 0.3% in Marshall Islands, a difference of 0.5%.
That makes Faroe Islands's figure about 2.9 times Marshall Islands's.
Across all 7 years both countries report, Marshall Islands has been ahead every year.
Faroe Islands ranks 195th and Marshall Islands ranks 196th of 197 countries.
Marshall Islands has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Faroe Islands | Marshall Islands | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.7% | 2.6% | 0.9% | Marshall Islands |
| 2010s | 1.2% | 2.2% | 1.1% | Marshall Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Faroe Islands or Marshall Islands?
- Faroe Islands, at 0.8% against 0.3% in Marshall Islands as of 2011.
- What is the difference in insurance and financial services between Faroe Islands and Marshall Islands?
- 0.5%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Marshall Islands?
- 7 years are reported by both, from 2005 to 2011.
- How do Faroe Islands and Marshall Islands rank globally for insurance and financial services?
- Faroe Islands ranks 195th and Marshall Islands ranks 196th 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.