Canada vs Mexico: Insurance and financial services
Insurance and financial services over time
- Canada
- Mexico
How they compare
Canada currently reports 9.8% against 9.5% in Mexico, a difference of 0.3%.
The two have swapped places 10 times across 45 shared years of data; in 1981 it was Canada ahead.
Canada ranks 38th and Mexico ranks 40th of 190 countries.
Across the 5 decades both report, Canada averaged higher in 3 and Mexico in 2.
Head to head by decade
| Decade | Canada | Mexico | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 11.1% | 6.9% | 4.2% | Canada |
| 1990s | 8.7% | 4.8% | 3.9% | Canada |
| 2000s | 7.2% | 9.9% | 2.6% | Mexico |
| 2010s | 10.4% | 10.5% | 0.1% | Mexico |
| 2020s | 10.4% | 10.2% | 0.1% | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Canada or Mexico?
- Canada, at 9.8% against 9.5% in Mexico as of 2025.
- What is the difference in insurance and financial services between Canada and Mexico?
- 0.3%, with Canada ahead.
- How many years of comparable data are there for Canada and Mexico?
- 45 years are reported by both, from 1981 to 2025.
- How do Canada and Mexico rank globally for insurance and financial services?
- Canada ranks 38th and Mexico ranks 40th 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.