Bermuda vs Caribbean Small States: Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- Bermuda
- Caribbean Small States
How they compare
Bermuda currently reports 27.9% against 11.0% in Caribbean Small States, a difference of 16.9%.
That makes Bermuda's figure about 2.5 times Caribbean Small States's.
Across all 20 years both countries report, Bermuda has been ahead every year.
Bermuda ranks 8th and Caribbean Small States ranks 10th of 190 countries.
Bermuda has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Bermuda | Caribbean Small States | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 18.1% | 13.5% | 4.5% | Bermuda |
| 2010s | 19.5% | 7.2% | 12.3% | Bermuda |
| 2020s | 24.5% | 15.8% | 8.6% | Bermuda |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Bermuda or Caribbean Small States?
- Bermuda, at 27.9% against 11.0% in Caribbean Small States as of 2025.
- What is the difference in insurance and financial services between Bermuda and Caribbean Small States?
- 16.9%, with Bermuda ahead.
- How many years of comparable data are there for Bermuda and Caribbean Small States?
- 20 years are reported by both, from 2006 to 2025.
- How do Bermuda and Caribbean Small States rank globally for insurance and financial services?
- Bermuda ranks 8th and Caribbean 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 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.