Guatemala vs Iceland: Insurance and financial services
Insurance and financial services over time
- Guatemala
- Iceland
How they compare
Guatemala currently reports 4.7% against 4.4% in Iceland, a difference of 0.3%.
That makes Guatemala's figure about 1.1 times Iceland's.
The two have swapped places 4 times across 34 shared years of data; in 1977 it was Guatemala ahead.
Guatemala ranks 70th and Iceland ranks 72nd of 190 countries.
Across the 6 decades both report, Guatemala averaged higher in 3 and Iceland in 3.
Head to head by decade
| Decade | Guatemala | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 6.6% | 0.8% | 5.8% | Guatemala |
| 1980s | 5.5% | 0.9% | 4.6% | Guatemala |
| 1990s | 1.4% | 1.8% | 0.4% | Iceland |
| 2000s | 2.4% | 8.0% | 5.6% | Iceland |
| 2010s | 3.5% | 5.3% | 1.8% | Iceland |
| 2020s | 5.8% | 4.3% | 1.5% | Guatemala |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Guatemala or Iceland?
- Guatemala, at 4.7% against 4.4% in Iceland as of 2024.
- What is the difference in insurance and financial services between Guatemala and Iceland?
- 0.3%, with Guatemala ahead.
- How many years of comparable data are there for Guatemala and Iceland?
- 34 years are reported by both, from 1977 to 2024.
- How do Guatemala and Iceland rank globally for insurance and financial services?
- Guatemala ranks 70th and Iceland ranks 72nd 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.