Kuwait vs Nigeria: Insurance and financial services
Insurance and financial services over time
- Kuwait
- Nigeria
How they compare
Kuwait currently reports 8.9% against 8.8% in Nigeria, a difference of 0.1%.
The two have swapped places 11 times across 45 shared years of data; in 1977 it was Nigeria ahead.
Kuwait ranks 65th and Nigeria ranks 67th of 197 countries.
Across the 6 decades both report, Kuwait averaged higher in 2 and Nigeria in 4.
Head to head by decade
| Decade | Kuwait | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.7% | 3.8% | 1.2% | Nigeria |
| 1980s | 2.8% | 3.6% | 0.8% | Nigeria |
| 1990s | 1.6% | 2.7% | 1.0% | Nigeria |
| 2000s | 2.0% | 2.5% | 0.5% | Nigeria |
| 2010s | 6.6% | 5.6% | 0.9% | Kuwait |
| 2020s | 11.2% | 7.2% | 4.0% | Kuwait |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Kuwait or Nigeria?
- Kuwait, at 8.9% against 8.8% in Nigeria as of 2025.
- What is the difference in insurance and financial services between Kuwait and Nigeria?
- 0.1%, with Kuwait ahead.
- How many years of comparable data are there for Kuwait and Nigeria?
- 45 years are reported by both, from 1977 to 2025.
- How do Kuwait and Nigeria rank globally for insurance and financial services?
- Kuwait ranks 65th and Nigeria ranks 67th 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.