European Union vs Hong Kong: Insurance and financial services
Insurance and financial services over time
- European Union
- Hong Kong
How they compare
Hong Kong currently reports 26.9% against 12.3% in European Union, a difference of 14.6%.
That makes Hong Kong's figure about 2.2 times European Union's.
Across all 26 years both countries report, Hong Kong has been ahead every year.
European Union ranks 9th and Hong Kong ranks 7th of 45 groups.
Hong Kong has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | European Union | Hong Kong | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 7.8% | 15.3% | 7.6% | Hong Kong |
| 2000s | 9.5% | 16.1% | 6.5% | Hong Kong |
| 2010s | 10.6% | 18.9% | 8.3% | Hong Kong |
| 2020s | 10.5% | 30.6% | 20.1% | Hong Kong |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, European Union or Hong Kong?
- Hong Kong, at 26.9% against 12.3% in European Union as of 2024.
- What is the difference in insurance and financial services between European Union and Hong Kong?
- 14.6%, with Hong Kong ahead.
- How many years of comparable data are there for European Union and Hong Kong?
- 26 years are reported by both, from 1999 to 2024.
- How do European Union and Hong Kong rank globally for insurance and financial services?
- European Union ranks 9th and Hong Kong ranks 7th of 45 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 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.