Latin America & Caribbean (excluding high income) vs Singapore: Insurance and financial services
Insurance and financial services over time
- Latin America & Caribbean (excluding high income)
- Singapore
How they compare
Singapore currently reports 15.2% against 6.7% in Latin America & Caribbean (excluding high income), a difference of 8.5%.
That makes Singapore's figure about 2.3 times Latin America & Caribbean (excluding high income)'s.
The two have swapped places 3 times across 47 shared years of data; in 1979 it was Latin America & Caribbean (excluding high income) ahead.
Latin America & Caribbean (excluding high income) ranks 20th and Singapore ranks 21st of 45 groups.
Across the 6 decades both report, Latin America & Caribbean (excluding high income) averaged higher in 2 and Singapore in 4.
Head to head by decade
| Decade | Latin America & Caribbean (excluding high income) | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 6.3% | 1.2% | 5.2% | Latin America & Caribbean (excluding high income) |
| 1980s | 6.6% | 1.2% | 5.4% | Latin America & Caribbean (excluding high income) |
| 1990s | 5.5% | 8.1% | 2.6% | Singapore |
| 2000s | 7.1% | 12.3% | 5.2% | Singapore |
| 2010s | 7.0% | 16.3% | 9.3% | Singapore |
| 2020s | 7.0% | 15.8% | 8.8% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Latin America & Caribbean (excluding high income) or Singapore?
- Singapore, at 15.2% against 6.7% in Latin America & Caribbean (excluding high income) as of 2025.
- What is the difference in insurance and financial services between Latin America & Caribbean (excluding high income) and Singapore?
- 8.5%, with Singapore ahead.
- How many years of comparable data are there for Latin America & Caribbean (excluding high income) and Singapore?
- 47 years are reported by both, from 1979 to 2025.
- How do Latin America & Caribbean (excluding high income) and Singapore rank globally for insurance and financial services?
- Latin America & Caribbean (excluding high income) ranks 20th 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.
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.