Singapore vs Small states: Insurance and financial services
Insurance and financial services over time
- Singapore
- Small states
How they compare
Singapore currently reports 15.2% against 6.6% in Small states, a difference of 8.6%.
That makes Singapore's figure about 2.3 times Small states's.
Across all 23 years both countries report, Singapore has been ahead every year.
Singapore ranks 21st and Small states ranks 22nd of 190 countries.
Singapore has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Singapore | Small states | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 15.8% | 2.8% | 13.0% | Singapore |
| 2000s | 12.6% | 8.0% | 4.6% | Singapore |
| 2010s | 16.3% | 7.6% | 8.7% | Singapore |
| 2020s | 15.8% | 8.0% | 7.8% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Singapore or Small states?
- Singapore, at 15.2% against 6.6% in Small states as of 2025.
- What is the difference in insurance and financial services between Singapore and Small states?
- 8.6%, with Singapore ahead.
- How many years of comparable data are there for Singapore and Small states?
- 23 years are reported by both, from 1996 to 2025.
- How do Singapore and Small states rank globally for insurance and financial services?
- Singapore ranks 21st and Small states ranks 22nd 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.
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.