Kiribati vs Latin America & Caribbean: Insurance and financial services
Insurance and financial services over time
- Kiribati
- Latin America & Caribbean
How they compare
Kiribati currently reports 15.5% against 6.7% in Latin America & Caribbean, a difference of 8.8%.
That makes Kiribati's figure about 2.3 times Latin America & Caribbean's.
The two have swapped places 5 times across 36 shared years of data; in 1979 it was Latin America & Caribbean ahead.
Kiribati ranks 20th and Latin America & Caribbean ranks 18th of 190 countries.
Across the 6 decades both report, Kiribati averaged higher in 3 and Latin America & Caribbean in 3.
Head to head by decade
| Decade | Kiribati | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 1.0% | 6.0% | 5.0% | Latin America & Caribbean |
| 1980s | 1.2% | 6.3% | 5.1% | Latin America & Caribbean |
| 1990s | 1.3% | 4.3% | 3.0% | Latin America & Caribbean |
| 2000s | 36.2% | 7.1% | 29.1% | Kiribati |
| 2010s | 17.6% | 6.8% | 10.7% | Kiribati |
| 2020s | 17.9% | 7.2% | 10.7% | Kiribati |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Kiribati or Latin America & Caribbean?
- Kiribati, at 15.5% against 6.7% in Latin America & Caribbean as of 2025.
- What is the difference in insurance and financial services between Kiribati and Latin America & Caribbean?
- 8.8%, with Kiribati ahead.
- How many years of comparable data are there for Kiribati and Latin America & Caribbean?
- 36 years are reported by both, from 1979 to 2025.
- How do Kiribati and Latin America & Caribbean rank globally for insurance and financial services?
- Kiribati ranks 20th 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.