Faroe Islands vs North Macedonia: Insurance and financial services
Insurance and financial services over time
- Faroe Islands
- North Macedonia
How they compare
North Macedonia currently reports 1.2% against 0.8% in Faroe Islands, a difference of 0.4%.
That makes North Macedonia's figure about 1.4 times Faroe Islands's.
The two have swapped places 1 time across 14 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 195th and North Macedonia ranks 193rd of 197 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 2 and North Macedonia in 1.
Head to head by decade
| Decade | Faroe Islands | North Macedonia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 10.1% | 3.6% | 6.6% | Faroe Islands |
| 2000s | 4.5% | 2.8% | 1.7% | Faroe Islands |
| 2010s | 1.2% | 3.0% | 1.9% | North Macedonia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Faroe Islands or North Macedonia?
- North Macedonia, at 1.2% against 0.8% in Faroe Islands as of 2025.
- What is the difference in insurance and financial services between Faroe Islands and North Macedonia?
- 0.4%, with North Macedonia ahead.
- How many years of comparable data are there for Faroe Islands and North Macedonia?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and North Macedonia rank globally for insurance and financial services?
- Faroe Islands ranks 195th and North Macedonia ranks 193rd 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.