Iraq vs Libya: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- Iraq
- Libya
How they compare
Libya currently reports 27.7% against 21.4% in Iraq, a difference of 6.3%.
That makes Libya's figure about 1.3 times Iraq's.
The two have swapped places 1 time across 19 shared years of data; in 2005 it was Iraq ahead.
Iraq ranks 7th and Libya ranks 4th of 197 countries.
Across the 3 decades both report, Iraq averaged higher in 1 and Libya in 2.
Head to head by decade
| Decade | Iraq | Libya | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 24.0% | 9.0% | 14.9% | Iraq |
| 2010s | 20.8% | 24.7% | 3.9% | Libya |
| 2020s | 17.8% | 26.3% | 8.4% | Libya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Iraq or Libya?
- Libya, at 27.7% against 21.4% in Iraq as of 2023.
- What is the difference in insurance and financial services between Iraq and Libya?
- 6.3%, with Libya ahead.
- How many years of comparable data are there for Iraq and Libya?
- 19 years are reported by both, from 2005 to 2023.
- How do Iraq and Libya rank globally for insurance and financial services?
- Iraq ranks 7th and Libya ranks 4th 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.