South Africa vs South Asia: Insurance and financial services
Insurance and financial services over time
- South Africa
- South Asia
How they compare
South Africa currently reports 9.8% against 2.8% in South Asia, a difference of 7.0%.
That makes South Africa's figure about 3.5 times South Asia's.
Across all 51 years both countries report, South Africa has been ahead every year.
South Africa ranks 37th and South Asia ranks 39th of 190 countries.
South Africa has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | South Africa | South Asia | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 11.7% | 2.2% | 9.5% | South Africa |
| 1980s | 8.9% | 1.5% | 7.4% | South Africa |
| 1990s | 8.7% | 2.5% | 6.2% | South Africa |
| 2000s | 6.3% | 4.5% | 1.9% | South Africa |
| 2010s | 7.7% | 4.9% | 2.8% | South Africa |
| 2020s | 10.8% | 3.3% | 7.5% | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, South Africa or South Asia?
- South Africa, at 9.8% against 2.8% in South Asia as of 2025.
- What is the difference in insurance and financial services between South Africa and South Asia?
- 7.0%, with South Africa ahead.
- How many years of comparable data are there for South Africa and South Asia?
- 51 years are reported by both, from 1975 to 2025.
- How do South Africa and South Asia rank globally for insurance and financial services?
- South Africa ranks 37th and South Asia ranks 39th 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.