Which has higher insurance and financial services, Bermuda or Cyprus?

Bermuda, at 20.0% against 19.7% in Cyprus as of 2023.

How many years of comparable data are there for Bermuda and Cyprus?

18 years are reported by both, from 2006 to 2023.

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.

Bermuda vs Cyprus: Insurance and financial services

Bermuda

20.0%

in 2023

Cyprus

19.7%

in 2025

Bermuda rank

14th

Cyprus rank

15th

Insurance and financial services over time

Bermuda
Cyprus

How they compare

Bermuda currently reports 20.0% against 19.7% in Cyprus, a difference of 0.3%.

The two have swapped places 2 times across 18 shared years of data; in 2006 it was Bermuda ahead.

Bermuda ranks 14th and Cyprus ranks 15th of 190 countries.

Cyprus has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade	Bermuda	Cyprus	Difference	Ahead
2000s	18.1%	18.7%	0.6%	Cyprus
2010s	19.5%	29.6%	10.1%	Cyprus
2020s	24.7%	27.6%	2.9%	Cyprus

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance and financial services, Bermuda or Cyprus?: Bermuda, at 20.0% against 19.7% in Cyprus as of 2023.
What is the difference in insurance and financial services between Bermuda and Cyprus?: 0.3%, with Bermuda ahead.
How many years of comparable data are there for Bermuda and Cyprus?: 18 years are reported by both, from 2006 to 2023.
How do Bermuda and Cyprus rank globally for insurance and financial services?: Bermuda ranks 14th and Cyprus ranks 15th 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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Bermuda vs Cyprus: Insurance and financial services. Statizoid, drawing on Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 16 September 2026, from https://private-sector.statizoid.com/compare/insurance-and-financial-services-percent-of-commercial-service-exports/bermuda/cyprus/

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About this data

Indicator: Insurance and financial services (% of commercial service exports)
Unit: % of commercial service exports
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 235 places, 8,390 data points, 1960–2025
Last refreshed: 03 September 2026

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.