Latin America & the Caribbean (IDA & IBRD countries) vs Singapore: Insurance and financial services
Insurance and financial services over time
- Latin America & the Caribbean (IDA & IBRD countries)
- Singapore
How they compare
Singapore currently reports 15.2% against 6.7% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 8.5%.
That makes Singapore's figure about 2.3 times Latin America & the Caribbean (IDA & IBRD countries)'s.
The two have swapped places 1 time across 47 shared years of data; in 1979 it was Latin America & the Caribbean (IDA & IBRD countries) ahead.
Latin America & the Caribbean (IDA & IBRD countries) ranks 18th and Singapore ranks 21st of 45 groups.
Across the 6 decades both report, Latin America & the Caribbean (IDA & IBRD countries) averaged higher in 2 and Singapore in 4.
Head to head by decade
| Decade | Latin America & the Caribbean (IDA & IBRD countries) | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 6.0% | 1.2% | 4.8% | Latin America & the Caribbean (IDA & IBRD countries) |
| 1980s | 6.3% | 1.2% | 5.1% | Latin America & the Caribbean (IDA & IBRD countries) |
| 1990s | 5.3% | 8.1% | 2.7% | Singapore |
| 2000s | 6.9% | 12.3% | 5.4% | Singapore |
| 2010s | 6.9% | 16.3% | 9.5% | Singapore |
| 2020s | 7.2% | 15.8% | 8.6% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Latin America & the Caribbean (IDA & IBRD countries) or Singapore?
- Singapore, at 15.2% against 6.7% in Latin America & the Caribbean (IDA & IBRD countries) as of 2025.
- What is the difference in insurance and financial services between Latin America & the Caribbean (IDA & IBRD countries) and Singapore?
- 8.5%, with Singapore ahead.
- How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Singapore?
- 47 years are reported by both, from 1979 to 2025.
- How do Latin America & the Caribbean (IDA & IBRD countries) and Singapore rank globally for insurance and financial services?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 18th 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.