Philippines vs Turkey: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- Philippines
- Turkey
How they compare
Turkey currently reports 10.9% against 10.8% in Philippines, a difference of 0.1%.
The two have swapped places 4 times across 41 shared years of data; in 1977 it was Turkey ahead.
Philippines ranks 44th and Turkey ranks 42nd of 197 countries.
Across the 6 decades both report, Philippines averaged higher in 1 and Turkey in 5.
Head to head by decade
| Decade | Philippines | Turkey | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 1.2% | 4.6% | 3.4% | Turkey |
| 1980s | 0.8% | 3.5% | 2.8% | Turkey |
| 1990s | 1.9% | 9.3% | 7.4% | Turkey |
| 2000s | 5.9% | 14.5% | 8.6% | Turkey |
| 2010s | 7.8% | 12.4% | 4.5% | Turkey |
| 2020s | 11.5% | 9.7% | 1.7% | Philippines |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Philippines or Turkey?
- Turkey, at 10.9% against 10.8% in Philippines as of 2025.
- What is the difference in insurance and financial services between Philippines and Turkey?
- 0.1%, with Turkey ahead.
- How many years of comparable data are there for Philippines and Turkey?
- 41 years are reported by both, from 1977 to 2025.
- How do Philippines and Turkey rank globally for insurance and financial services?
- Philippines ranks 44th and Turkey ranks 42nd 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.