Low income vs Singapore: Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- Low income
- Singapore
How they compare
Singapore currently reports 15.2% against 5.5% in Low income, a difference of 9.7%.
That makes Singapore's figure about 2.8 times Low income's.
Across all 20 years both countries report, Singapore has been ahead every year.
Low income ranks 25th and Singapore ranks 22nd of 45 groups.
Singapore has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Low income | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 6.2% | 13.9% | 7.7% | Singapore |
| 2010s | 6.8% | 16.3% | 9.5% | Singapore |
| 2020s | 5.4% | 15.9% | 10.6% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Low income or Singapore?
- Singapore, at 15.2% against 5.5% in Low income as of 2025.
- What is the difference in insurance and financial services between Low income and Singapore?
- 9.7%, with Singapore ahead.
- How many years of comparable data are there for Low income and Singapore?
- 20 years are reported by both, from 2005 to 2024.
- How do Low income and Singapore rank globally for insurance and financial services?
- Low income ranks 25th and Singapore ranks 22nd 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.