Iceland vs Palau: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- Iceland
- Palau
How they compare
Palau currently reports 6.4% against 6.2% in Iceland, a difference of 0.2%.
The two have swapped places 1 time across 15 shared years of data; in 2009 it was Iceland ahead.
Iceland ranks 100th and Palau ranks 97th of 197 countries.
Across the 3 decades both report, Iceland averaged higher in 2 and Palau in 1.
Head to head by decade
| Decade | Iceland | Palau | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 5.7% | 2.5% | 3.3% | Iceland |
| 2010s | 5.1% | 4.1% | 1.1% | Iceland |
| 2020s | 4.2% | 7.9% | 3.7% | Palau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Iceland or Palau?
- Palau, at 6.4% against 6.2% in Iceland as of 2023.
- What is the difference in insurance and financial services between Iceland and Palau?
- 0.2%, with Palau ahead.
- How many years of comparable data are there for Iceland and Palau?
- 15 years are reported by both, from 2009 to 2023.
- How do Iceland and Palau rank globally for insurance and financial services?
- Iceland ranks 100th and Palau ranks 97th 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.