South Korea vs Norway: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- South Korea
- Norway
How they compare
Norway currently reports 3.7% against 3.6% in South Korea, a difference of 0.1%.
The two have swapped places 7 times across 45 shared years of data; in 1976 it was South Korea ahead.
South Korea ranks 143rd and Norway ranks 142nd of 197 countries.
Across the 6 decades both report, South Korea averaged higher in 1 and Norway in 5.
Head to head by decade
| Decade | South Korea | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 6.5% | 2.3% | 4.2% | South Korea |
| 1980s | 1.4% | 2.1% | 0.7% | Norway |
| 1990s | 0.9% | 4.7% | 3.8% | Norway |
| 2000s | 2.0% | 5.4% | 3.5% | Norway |
| 2010s | 2.5% | 4.2% | 1.7% | Norway |
| 2020s | 3.4% | 4.4% | 1.0% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, South Korea or Norway?
- Norway, at 3.7% against 3.6% in South Korea as of 2025.
- What is the difference in insurance and financial services between South Korea and Norway?
- 0.1%, with Norway ahead.
- How many years of comparable data are there for South Korea and Norway?
- 45 years are reported by both, from 1976 to 2025.
- How do South Korea and Norway rank globally for insurance and financial services?
- South Korea ranks 143rd and Norway ranks 142nd 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.