Canada vs Upper middle income: Insurance and financial services
Insurance and financial services over time
- Canada
- Upper middle income
How they compare
Canada currently reports 9.8% against 3.0% in Upper middle income, a difference of 6.8%.
That makes Canada's figure about 3.3 times Upper middle income's.
Across all 44 years both countries report, Canada has been ahead every year.
Canada ranks 38th and Upper middle income ranks 38th of 190 countries.
Canada has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Canada | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 11.2% | 6.4% | 4.8% | Canada |
| 1990s | 8.7% | 4.1% | 4.6% | Canada |
| 2000s | 7.2% | 2.4% | 4.8% | Canada |
| 2010s | 10.4% | 3.8% | 6.6% | Canada |
| 2020s | 10.4% | 3.9% | 6.4% | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Canada or Upper middle income?
- Canada, at 9.8% against 3.0% in Upper middle income as of 2025.
- What is the difference in insurance and financial services between Canada and Upper middle income?
- 6.8%, with Canada ahead.
- How many years of comparable data are there for Canada and Upper middle income?
- 44 years are reported by both, from 1982 to 2025.
- How do Canada and Upper middle income rank globally for insurance and financial services?
- Canada ranks 38th and Upper middle income ranks 38th 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.