South Korea vs Saudi Arabia: Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- South Korea
- Saudi Arabia
How they compare
Saudi Arabia currently reports 4.6% against 4.2% in South Korea, a difference of 0.4%.
That makes Saudi Arabia's figure about 1.1 times South Korea's.
The two have swapped places 4 times across 20 shared years of data; in 2006 it was Saudi Arabia ahead.
South Korea ranks 76th and Saudi Arabia ranks 73rd of 190 countries.
Saudi Arabia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | South Korea | Saudi Arabia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 3.0% | 5.5% | 2.5% | Saudi Arabia |
| 2010s | 2.8% | 5.4% | 2.6% | Saudi Arabia |
| 2020s | 4.4% | 6.5% | 2.1% | Saudi Arabia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, South Korea or Saudi Arabia?
- Saudi Arabia, at 4.6% against 4.2% in South Korea as of 2025.
- What is the difference in insurance and financial services between South Korea and Saudi Arabia?
- 0.4%, with Saudi Arabia ahead.
- How many years of comparable data are there for South Korea and Saudi Arabia?
- 20 years are reported by both, from 2006 to 2025.
- How do South Korea and Saudi Arabia rank globally for insurance and financial services?
- South Korea ranks 76th and Saudi Arabia ranks 73rd 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.