High income vs Nigeria: Insurance and financial services
Insurance and financial services over time
- High income
- Nigeria
How they compare
Nigeria currently reports 22.8% against 14.7% in High income, a difference of 8.1%.
That makes Nigeria's figure about 1.5 times High income's.
The two have swapped places 1 time across 35 shared years of data; in 1986 it was High income ahead.
High income ranks 6th and Nigeria ranks 9th of 45 groups.
Across the 5 decades both report, High income averaged higher in 4 and Nigeria in 1.
Head to head by decade
| Decade | High income | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 6.4% | 1.1% | 5.3% | High income |
| 1990s | 7.7% | 0.5% | 7.2% | High income |
| 2000s | 13.0% | 0.6% | 12.4% | High income |
| 2010s | 13.6% | 6.2% | 7.4% | High income |
| 2020s | 14.1% | 23.2% | 9.1% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, High income or Nigeria?
- Nigeria, at 22.8% against 14.7% in High income as of 2025.
- What is the difference in insurance and financial services between High income and Nigeria?
- 8.1%, with Nigeria ahead.
- How many years of comparable data are there for High income and Nigeria?
- 35 years are reported by both, from 1986 to 2025.
- How do High income and Nigeria rank globally for insurance and financial services?
- High income ranks 6th and Nigeria ranks 9th 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.