Faroe Islands vs Solomon Islands: Insurance and financial services
Insurance and financial services over time
- Faroe Islands
- Solomon Islands
How they compare
Solomon Islands currently reports 0.9% against 0.8% in Faroe Islands, a difference of 0.1%.
That makes Solomon Islands's figure about 1.1 times Faroe Islands's.
Across all 14 years both countries report, Solomon Islands has been ahead every year.
Faroe Islands ranks 147th and Solomon Islands ranks 145th of 190 countries.
Solomon Islands has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Solomon Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6.4% | 27.6% | 21.2% | Solomon Islands |
| 2000s | 4.5% | 12.2% | 7.7% | Solomon Islands |
| 2010s | 0.8% | 8.6% | 7.9% | Solomon Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Faroe Islands or Solomon Islands?
- Solomon Islands, at 0.9% against 0.8% in Faroe Islands as of 2024.
- What is the difference in insurance and financial services between Faroe Islands and Solomon Islands?
- 0.1%, with Solomon Islands ahead.
- How many years of comparable data are there for Faroe Islands and Solomon Islands?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and Solomon Islands rank globally for insurance and financial services?
- Faroe Islands ranks 147th and Solomon Islands ranks 145th 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.