Cyprus vs Latin America & Caribbean: Insurance and financial services
Insurance and financial services over time
- Cyprus
- Latin America & Caribbean
How they compare
Cyprus currently reports 19.7% against 6.7% in Latin America & Caribbean, a difference of 13.0%.
That makes Cyprus's figure about 2.9 times Latin America & Caribbean's.
The two have swapped places 1 time across 31 shared years of data; in 1995 it was Latin America & Caribbean ahead.
Cyprus ranks 15th and Latin America & Caribbean ranks 18th of 190 countries.
Across the 4 decades both report, Cyprus averaged higher in 3 and Latin America & Caribbean in 1.
Head to head by decade
| Decade | Cyprus | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.8% | 6.3% | 2.5% | Latin America & Caribbean |
| 2000s | 10.4% | 6.9% | 3.4% | Cyprus |
| 2010s | 29.6% | 6.8% | 22.8% | Cyprus |
| 2020s | 25.0% | 7.2% | 17.7% | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Cyprus or Latin America & Caribbean?
- Cyprus, at 19.7% against 6.7% in Latin America & Caribbean as of 2025.
- What is the difference in insurance and financial services between Cyprus and Latin America & Caribbean?
- 13.0%, with Cyprus ahead.
- How many years of comparable data are there for Cyprus and Latin America & Caribbean?
- 31 years are reported by both, from 1995 to 2025.
- How do Cyprus and Latin America & Caribbean rank globally for insurance and financial services?
- Cyprus ranks 15th and Latin America & Caribbean ranks 18th 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.