Latin America & Caribbean vs Libya: Insurance and financial services
Insurance and financial services over time
- Latin America & Caribbean
- Libya
How they compare
Libya currently reports 27.7% against 11.2% in Latin America & Caribbean, a difference of 16.5%.
That makes Libya's figure about 2.5 times Latin America & Caribbean's.
The two have swapped places 3 times across 36 shared years of data; in 1979 it was Latin America & Caribbean ahead.
Latin America & Caribbean ranks 6th and Libya ranks 4th of 47 groups.
Across the 6 decades both report, Latin America & Caribbean averaged higher in 4 and Libya in 2.
Head to head by decade
| Decade | Latin America & Caribbean | Libya | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 6.4% | 5.7% | 0.8% | Latin America & Caribbean |
| 1980s | 7.5% | 5.2% | 2.3% | Latin America & Caribbean |
| 1990s | 6.2% | 4.1% | 2.1% | Latin America & Caribbean |
| 2000s | 11.5% | 5.9% | 5.5% | Latin America & Caribbean |
| 2010s | 11.8% | 24.7% | 12.9% | Libya |
| 2020s | 13.0% | 26.3% | 13.3% | Libya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Latin America & Caribbean or Libya?
- Libya, at 27.7% against 11.2% in Latin America & Caribbean as of 2023.
- What is the difference in insurance and financial services between Latin America & Caribbean and Libya?
- 16.5%, with Libya ahead.
- How many years of comparable data are there for Latin America & Caribbean and Libya?
- 36 years are reported by both, from 1979 to 2023.
- How do Latin America & Caribbean and Libya rank globally for insurance and financial services?
- Latin America & Caribbean ranks 6th and Libya ranks 4th of 47 groups.
- 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.