Nigeria vs Other small states: Insurance and financial services
Insurance and financial services over time
- Nigeria
- Other small states
How they compare
Nigeria currently reports 22.8% against 12.0% in Other small states, a difference of 10.8%.
That makes Nigeria's figure about 1.9 times Other small states's.
The two have swapped places 1 time across 20 shared years of data; in 2001 it was Other small states ahead.
Nigeria ranks 9th and Other small states ranks 10th of 190 countries.
Across the 3 decades both report, Nigeria averaged higher in 1 and Other small states in 2.
Head to head by decade
| Decade | Nigeria | Other small states | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.7% | 11.7% | 11.0% | Other small states |
| 2010s | 6.2% | 16.8% | 10.6% | Other small states |
| 2020s | 23.2% | 11.9% | 11.3% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Nigeria or Other small states?
- Nigeria, at 22.8% against 12.0% in Other small states as of 2025.
- What is the difference in insurance and financial services between Nigeria and Other small states?
- 10.8%, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Other small states?
- 20 years are reported by both, from 2001 to 2025.
- How do Nigeria and Other small states rank globally for insurance and financial services?
- Nigeria ranks 9th and Other small states ranks 10th 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.