Libya vs OECD members: Insurance and financial services
Insurance and financial services over time
- Libya
- OECD members
How they compare
Libya currently reports 25.6% against 11.3% in OECD members, a difference of 14.3%.
That makes Libya's figure about 2.3 times OECD members's.
The two have swapped places 6 times across 38 shared years of data; in 1977 it was Libya ahead.
Libya ranks 4th and OECD members ranks 4th of 197 countries.
Across the 6 decades both report, Libya averaged higher in 3 and OECD members in 3.
Head to head by decade
| Decade | Libya | OECD members | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.5% | 3.6% | 0.9% | Libya |
| 1980s | 4.2% | 4.4% | 0.2% | OECD members |
| 1990s | 2.7% | 5.4% | 2.7% | OECD members |
| 2000s | 5.3% | 9.0% | 3.7% | OECD members |
| 2010s | 21.7% | 9.7% | 12.0% | Libya |
| 2020s | 22.2% | 10.7% | 11.5% | Libya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Libya or OECD members?
- Libya, at 25.6% against 11.3% in OECD members as of 2023.
- What is the difference in insurance and financial services between Libya and OECD members?
- 14.3%, with Libya ahead.
- How many years of comparable data are there for Libya and OECD members?
- 38 years are reported by both, from 1977 to 2023.
- How do Libya and OECD members rank globally for insurance and financial services?
- Libya ranks 4th and OECD members ranks 4th of 197 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 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.