Mongolia vs Tuvalu: Insurance and financial services
Insurance and financial services over time
- Mongolia
- Tuvalu
How they compare
Mongolia currently reports 5.5% against 5.2% in Tuvalu, a difference of 0.3%.
That makes Mongolia's figure about 1.1 times Tuvalu's.
The two have swapped places 5 times across 23 shared years of data; in 2001 it was Tuvalu ahead.
Mongolia ranks 112th and Tuvalu ranks 115th of 197 countries.
Mongolia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Mongolia | Tuvalu | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.6% | 1.0% | 1.6% | Mongolia |
| 2010s | 5.1% | 3.1% | 2.0% | Mongolia |
| 2020s | 6.7% | 5.2% | 1.5% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Mongolia or Tuvalu?
- Mongolia, at 5.5% against 5.2% in Tuvalu as of 2024.
- What is the difference in insurance and financial services between Mongolia and Tuvalu?
- 0.3%, with Mongolia ahead.
- How many years of comparable data are there for Mongolia and Tuvalu?
- 23 years are reported by both, from 2001 to 2023.
- How do Mongolia and Tuvalu rank globally for insurance and financial services?
- Mongolia ranks 112th and Tuvalu ranks 115th 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.
Individual pages
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.