Mexico vs Panama: Insurance and financial services (% of commercial service exports)
Insurance and financial services (% of commercial service exports) over time
- Mexico
- Panama
How they compare
Mexico currently reports 10.1% against 9.9% in Panama, a difference of 0.2%.
The two have swapped places 16 times across 47 shared years of data; in 1979 it was Mexico ahead.
Mexico ranks 37th and Panama ranks 38th of 190 countries.
Across the 6 decades both report, Mexico averaged higher in 2 and Panama in 4.
Head to head by decade
| Decade | Mexico | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 6.3% | 0.1% | 6.2% | Mexico |
| 1980s | 7.2% | 7.8% | 0.7% | Panama |
| 1990s | 4.8% | 6.3% | 1.5% | Panama |
| 2000s | 9.9% | 11.2% | 1.3% | Panama |
| 2010s | 10.5% | 11.5% | 1.1% | Panama |
| 2020s | 10.2% | 9.9% | 0.4% | Mexico |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Mexico or Panama?
- Mexico, at 10.1% against 9.9% in Panama as of 2025.
- What is the difference in insurance and financial services between Mexico and Panama?
- 0.2%, with Mexico ahead.
- How many years of comparable data are there for Mexico and Panama?
- 47 years are reported by both, from 1979 to 2025.
- How do Mexico and Panama rank globally for insurance and financial services?
- Mexico ranks 37th and Panama ranks 38th 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.