High income vs Libya: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- High income
- Libya
How they compare
Libya currently reports 27.7% against 11.2% in High income, a difference of 16.5%.
That makes Libya's figure about 2.5 times High income's.
The two have swapped places 6 times across 33 shared years of data; in 1982 it was Libya ahead.
High income ranks 6th and Libya ranks 4th of 47 groups.
Across the 5 decades both report, High income averaged higher in 2 and Libya in 3.
Head to head by decade
| Decade | High income | Libya | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 4.6% | 4.9% | 0.3% | Libya |
| 1990s | 4.8% | 4.1% | 0.7% | High income |
| 2000s | 9.0% | 5.9% | 3.0% | High income |
| 2010s | 9.6% | 24.7% | 15.1% | Libya |
| 2020s | 10.9% | 26.3% | 15.3% | Libya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, High income or Libya?
- Libya, at 27.7% against 11.2% in High income as of 2023.
- What is the difference in insurance and financial services between High income and Libya?
- 16.5%, with Libya ahead.
- How many years of comparable data are there for High income and Libya?
- 33 years are reported by both, from 1982 to 2023.
- How do High income and Libya rank globally for insurance and financial services?
- High income ranks 6th and Libya ranks 4th 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.