Laos vs Papua New Guinea: Insurance and financial services
Insurance and financial services over time
- Laos
- Papua New Guinea
How they compare
Papua New Guinea currently reports 2.1% against 2.1% in Laos, a difference of 0.0%.
The two have swapped places 8 times across 39 shared years of data; in 1984 it was Papua New Guinea ahead.
Laos ranks 175th and Papua New Guinea ranks 174th of 197 countries.
Across the 5 decades both report, Laos averaged higher in 2 and Papua New Guinea in 3.
Head to head by decade
| Decade | Laos | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 4.3% | 4.1% | 0.3% | Laos |
| 1990s | 3.9% | 4.1% | 0.3% | Papua New Guinea |
| 2000s | -16.0% | 11.6% | 27.6% | Papua New Guinea |
| 2010s | 3.9% | 5.2% | 1.3% | Papua New Guinea |
| 2020s | 3.8% | 3.4% | 0.4% | Laos |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Laos or Papua New Guinea?
- Papua New Guinea, at 2.1% against 2.1% in Laos as of 2024.
- What is the difference in insurance and financial services between Laos and Papua New Guinea?
- 0.0%, with Papua New Guinea ahead.
- How many years of comparable data are there for Laos and Papua New Guinea?
- 39 years are reported by both, from 1984 to 2024.
- How do Laos and Papua New Guinea rank globally for insurance and financial services?
- Laos ranks 175th and Papua New Guinea ranks 174th 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.