Libya vs Luxembourg: Insurance and financial services
Insurance and financial services over time
- Libya
- Luxembourg
How they compare
Luxembourg currently reports 49.4% against 27.7% in Libya, a difference of 21.7%.
That makes Luxembourg's figure about 1.8 times Libya's.
Across all 24 years both countries report, Luxembourg has been ahead every year.
Libya ranks 4th and Luxembourg ranks 1st of 197 countries.
Luxembourg has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Libya | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 5.9% | 64.9% | 59.0% | Luxembourg |
| 2010s | 24.7% | 55.6% | 30.9% | Luxembourg |
| 2020s | 26.3% | 45.8% | 19.5% | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Libya or Luxembourg?
- Luxembourg, at 49.4% against 27.7% in Libya as of 2025.
- What is the difference in insurance and financial services between Libya and Luxembourg?
- 21.7%, with Luxembourg ahead.
- How many years of comparable data are there for Libya and Luxembourg?
- 24 years are reported by both, from 2000 to 2023.
- How do Libya and Luxembourg rank globally for insurance and financial services?
- Libya ranks 4th and Luxembourg ranks 1st 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.