Nigeria vs United Kingdom: Insurance and financial services
Insurance and financial services over time
- Nigeria
- United Kingdom
How they compare
United Kingdom currently reports 25.0% against 22.8% in Nigeria, a difference of 2.2%.
That makes United Kingdom's figure about 1.1 times Nigeria's.
The two have swapped places 2 times across 40 shared years of data; in 1986 it was United Kingdom ahead.
Nigeria ranks 9th and United Kingdom ranks 8th of 190 countries.
United Kingdom has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Nigeria | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1.1% | 16.6% | 15.5% | United Kingdom |
| 1990s | 0.6% | 17.9% | 17.3% | United Kingdom |
| 2000s | 0.6% | 28.9% | 28.2% | United Kingdom |
| 2010s | 6.2% | 28.6% | 22.4% | United Kingdom |
| 2020s | 23.2% | 25.7% | 2.5% | United Kingdom |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Nigeria or United Kingdom?
- United Kingdom, at 25.0% against 22.8% in Nigeria as of 2025.
- What is the difference in insurance and financial services between Nigeria and United Kingdom?
- 2.2%, with United Kingdom ahead.
- How many years of comparable data are there for Nigeria and United Kingdom?
- 40 years are reported by both, from 1986 to 2025.
- How do Nigeria and United Kingdom rank globally for insurance and financial services?
- Nigeria ranks 9th and United Kingdom ranks 8th 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.