Iceland vs South Korea: Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- Iceland
- South Korea
How they compare
Iceland currently reports 4.5% against 4.2% in South Korea, a difference of 0.3%.
That makes Iceland's figure about 1.1 times South Korea's.
The two have swapped places 5 times across 36 shared years of data; in 1976 it was South Korea ahead.
Iceland ranks 74th and South Korea ranks 76th of 190 countries.
Across the 6 decades both report, Iceland averaged higher in 4 and South Korea in 2.
Head to head by decade
| Decade | Iceland | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.8% | 4.9% | 4.1% | South Korea |
| 1980s | 0.9% | 0.0% | 0.9% | Iceland |
| 1990s | 1.8% | 0.4% | 1.5% | Iceland |
| 2000s | 8.0% | 2.7% | 5.3% | Iceland |
| 2010s | 5.3% | 2.8% | 2.6% | Iceland |
| 2020s | 4.3% | 4.4% | 0.1% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Iceland or South Korea?
- Iceland, at 4.5% against 4.2% in South Korea as of 2025.
- What is the difference in insurance and financial services between Iceland and South Korea?
- 0.3%, with Iceland ahead.
- How many years of comparable data are there for Iceland and South Korea?
- 36 years are reported by both, from 1976 to 2025.
- How do Iceland and South Korea rank globally for insurance and financial services?
- Iceland ranks 74th and South Korea ranks 76th 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.
Individual pages
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.