Africa Eastern and Southern vs Singapore: Insurance and financial services
Insurance and financial services over time
- Africa Eastern and Southern
- Singapore
How they compare
Singapore currently reports 15.2% against 6.6% in Africa Eastern and Southern, a difference of 8.6%.
That makes Singapore's figure about 2.3 times Africa Eastern and Southern's.
The two have swapped places 1 time across 48 shared years of data; in 1978 it was Africa Eastern and Southern ahead.
Africa Eastern and Southern ranks 21st and Singapore ranks 21st of 45 groups.
Across the 6 decades both report, Africa Eastern and Southern averaged higher in 2 and Singapore in 4.
Head to head by decade
| Decade | Africa Eastern and Southern | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 8.6% | 1.0% | 7.5% | Africa Eastern and Southern |
| 1980s | 7.6% | 1.2% | 6.4% | Africa Eastern and Southern |
| 1990s | 7.3% | 8.1% | 0.8% | Singapore |
| 2000s | 5.7% | 12.3% | 6.6% | Singapore |
| 2010s | 7.0% | 16.3% | 9.3% | Singapore |
| 2020s | 7.8% | 15.8% | 8.1% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Africa Eastern and Southern or Singapore?
- Singapore, at 15.2% against 6.6% in Africa Eastern and Southern as of 2025.
- What is the difference in insurance and financial services between Africa Eastern and Southern and Singapore?
- 8.6%, with Singapore ahead.
- How many years of comparable data are there for Africa Eastern and Southern and Singapore?
- 48 years are reported by both, from 1978 to 2025.
- How do Africa Eastern and Southern and Singapore rank globally for insurance and financial services?
- Africa Eastern and Southern ranks 21st and Singapore ranks 21st 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 commercial service exports). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.