East Asia & Pacific vs Singapore: Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- East Asia & Pacific
- Singapore
How they compare
Singapore currently reports 15.2% against 6.3% in East Asia & Pacific, a difference of 8.9%.
That makes Singapore's figure about 2.4 times East Asia & Pacific's.
The two have swapped places 1 time across 36 shared years of data; in 1989 it was East Asia & Pacific ahead.
East Asia & Pacific ranks 23rd and Singapore ranks 22nd of 45 groups.
Across the 5 decades both report, East Asia & Pacific averaged higher in 1 and Singapore in 4.
Head to head by decade
| Decade | East Asia & Pacific | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 4.9% | 1.0% | 3.9% | East Asia & Pacific |
| 1990s | 3.6% | 7.2% | 3.7% | Singapore |
| 2000s | 4.0% | 12.3% | 8.4% | Singapore |
| 2010s | 5.8% | 16.3% | 10.5% | Singapore |
| 2020s | 7.4% | 15.8% | 8.4% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, East Asia & Pacific or Singapore?
- Singapore, at 15.2% against 6.3% in East Asia & Pacific as of 2025.
- What is the difference in insurance and financial services between East Asia & Pacific and Singapore?
- 8.9%, with Singapore ahead.
- How many years of comparable data are there for East Asia & Pacific and Singapore?
- 36 years are reported by both, from 1989 to 2025.
- How do East Asia & Pacific and Singapore rank globally for insurance and financial services?
- East Asia & Pacific ranks 23rd and Singapore ranks 22nd of 45 groups.
- 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.