Cyprus vs Small states: Insurance and financial services
Insurance and financial services over time
- Cyprus
- Small states
How they compare
Cyprus currently reports 19.6% against 11.3% in Small states, a difference of 8.3%.
That makes Cyprus's figure about 1.7 times Small states's.
Across all 23 years both countries report, Cyprus has been ahead every year.
Cyprus ranks 13th and Small states ranks 11th of 190 countries.
Cyprus has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Cyprus | Small states | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.3% | 2.3% | 1.0% | Cyprus |
| 2000s | 16.0% | 10.7% | 5.2% | Cyprus |
| 2010s | 29.1% | 14.4% | 14.7% | Cyprus |
| 2020s | 24.8% | 11.3% | 13.5% | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Cyprus or Small states?
- Cyprus, at 19.6% against 11.3% in Small states as of 2025.
- What is the difference in insurance and financial services between Cyprus and Small states?
- 8.3%, with Cyprus ahead.
- How many years of comparable data are there for Cyprus and Small states?
- 23 years are reported by both, from 1996 to 2025.
- How do Cyprus and Small states rank globally for insurance and financial services?
- Cyprus ranks 13th and Small states ranks 11th of 190 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 service exports, BoP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.