Panama vs South Africa: Insurance and financial services
Insurance and financial services over time
- Panama
- South Africa
How they compare
Panama currently reports 9.9% against 9.8% in South Africa, a difference of 0.1%.
The two have swapped places 7 times across 49 shared years of data; in 1977 it was South Africa ahead.
Panama ranks 36th and South Africa ranks 37th of 190 countries.
Across the 6 decades both report, Panama averaged higher in 2 and South Africa in 4.
Head to head by decade
| Decade | Panama | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.1% | 11.7% | 11.6% | South Africa |
| 1980s | 7.8% | 8.9% | 1.1% | South Africa |
| 1990s | 6.3% | 8.7% | 2.4% | South Africa |
| 2000s | 11.2% | 6.3% | 4.9% | Panama |
| 2010s | 11.5% | 7.7% | 3.8% | Panama |
| 2020s | 9.9% | 10.8% | 1.0% | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Panama or South Africa?
- Panama, at 9.9% against 9.8% in South Africa as of 2025.
- What is the difference in insurance and financial services between Panama and South Africa?
- 0.1%, with Panama ahead.
- How many years of comparable data are there for Panama and South Africa?
- 49 years are reported by both, from 1977 to 2025.
- How do Panama and South Africa rank globally for insurance and financial services?
- Panama ranks 36th and South Africa ranks 37th 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.