Canada vs Least developed countries: Insurance and financial services
Insurance and financial services over time
- Canada
- Least developed countries
How they compare
Canada currently reports 9.8% against 2.7% in Least developed countries, a difference of 7.1%.
That makes Canada's figure about 3.6 times Least developed countries's.
The two have swapped places 2 times across 16 shared years of data; in 1986 it was Canada ahead.
Canada ranks 38th and Least developed countries ranks 41st of 190 countries.
Canada has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Canada | Least developed countries | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 9.2% | 5.7% | 3.5% | Canada |
| 1990s | 9.6% | 3.2% | 6.4% | Canada |
| 2000s | 6.4% | 4.9% | 1.6% | Canada |
| 2010s | 10.4% | 4.8% | 5.6% | Canada |
| 2020s | 10.0% | 2.7% | 7.3% | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Canada or Least developed countries?
- Canada, at 9.8% against 2.7% in Least developed countries as of 2025.
- What is the difference in insurance and financial services between Canada and Least developed countries?
- 7.1%, with Canada ahead.
- How many years of comparable data are there for Canada and Least developed countries?
- 16 years are reported by both, from 1986 to 2024.
- How do Canada and Least developed countries rank globally for insurance and financial services?
- Canada ranks 38th and Least developed countries ranks 41st 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.