Euro area vs Libya: Insurance and financial services
Insurance and financial services over time
- Euro area
- Libya
How they compare
Libya currently reports 25.6% against 11.5% in Euro area, a difference of 14.1%.
That makes Libya's figure about 2.2 times Euro area's.
The two have swapped places 6 times across 38 shared years of data; in 1977 it was Libya ahead.
Euro area ranks 3rd and Libya ranks 4th of 47 groups.
Across the 6 decades both report, Euro area averaged higher in 3 and Libya in 3.
Head to head by decade
| Decade | Euro area | Libya | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.0% | 4.5% | 0.5% | Libya |
| 1980s | 5.0% | 4.2% | 0.8% | Euro area |
| 1990s | 7.4% | 2.7% | 4.6% | Euro area |
| 2000s | 7.8% | 5.3% | 2.5% | Euro area |
| 2010s | 9.7% | 21.7% | 12.0% | Libya |
| 2020s | 10.5% | 22.2% | 11.7% | Libya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Euro area or Libya?
- Libya, at 25.6% against 11.5% in Euro area as of 2023.
- What is the difference in insurance and financial services between Euro area and Libya?
- 14.1%, with Libya ahead.
- How many years of comparable data are there for Euro area and Libya?
- 38 years are reported by both, from 1977 to 2023.
- How do Euro area and Libya rank globally for insurance and financial services?
- Euro area ranks 3rd and Libya ranks 4th of 47 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 imports, 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 imports which are services provided by non-residents to residents.