Heavily indebted poor countries (HIPC) vs Singapore: Insurance and financial services
Insurance and financial services over time
- Heavily indebted poor countries (HIPC)
- Singapore
How they compare
Singapore currently reports 15.2% against 6.1% in Heavily indebted poor countries (HIPC), a difference of 9.1%.
That makes Singapore's figure about 2.5 times Heavily indebted poor countries (HIPC)'s.
The two have swapped places 1 time across 35 shared years of data; in 1978 it was Heavily indebted poor countries (HIPC) ahead.
Heavily indebted poor countries (HIPC) ranks 23rd and Singapore ranks 21st of 45 groups.
Across the 6 decades both report, Heavily indebted poor countries (HIPC) averaged higher in 2 and Singapore in 4.
Head to head by decade
| Decade | Heavily indebted poor countries (HIPC) | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 7.1% | 1.0% | 6.1% | Heavily indebted poor countries (HIPC) |
| 1980s | 4.9% | 1.0% | 3.9% | Heavily indebted poor countries (HIPC) |
| 1990s | 4.4% | 12.1% | 7.8% | Singapore |
| 2000s | 5.1% | 12.3% | 7.3% | Singapore |
| 2010s | 4.2% | 16.3% | 12.1% | Singapore |
| 2020s | 4.9% | 15.9% | 11.0% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Heavily indebted poor countries (HIPC) or Singapore?
- Singapore, at 15.2% against 6.1% in Heavily indebted poor countries (HIPC) as of 2025.
- What is the difference in insurance and financial services between Heavily indebted poor countries (HIPC) and Singapore?
- 9.1%, with Singapore ahead.
- How many years of comparable data are there for Heavily indebted poor countries (HIPC) and Singapore?
- 35 years are reported by both, from 1978 to 2024.
- How do Heavily indebted poor countries (HIPC) and Singapore rank globally for insurance and financial services?
- Heavily indebted poor countries (HIPC) ranks 23rd and Singapore ranks 21st 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.