Bahamas vs Dominican Republic: Insurance and financial services
Insurance and financial services over time
- Bahamas
- Dominican Republic
How they compare
Bahamas currently reports 12.7% against 12.3% in Dominican Republic, a difference of 0.4%.
The two have swapped places 9 times across 49 shared years of data; in 1976 it was Dominican Republic ahead.
Bahamas ranks 31st and Dominican Republic ranks 34th of 197 countries.
Dominican Republic has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Bahamas | Dominican Republic | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 1.5% | 3.8% | 2.3% | Dominican Republic |
| 1980s | 2.0% | 4.2% | 2.2% | Dominican Republic |
| 1990s | 8.4% | 9.6% | 1.3% | Dominican Republic |
| 2000s | 8.4% | 8.6% | 0.2% | Dominican Republic |
| 2010s | 10.7% | 17.0% | 6.3% | Dominican Republic |
| 2020s | 14.6% | 14.6% | 0.1% | Dominican Republic |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Bahamas or Dominican Republic?
- Bahamas, at 12.7% against 12.3% in Dominican Republic as of 2024.
- What is the difference in insurance and financial services between Bahamas and Dominican Republic?
- 0.4%, with Bahamas ahead.
- How many years of comparable data are there for Bahamas and Dominican Republic?
- 49 years are reported by both, from 1976 to 2024.
- How do Bahamas and Dominican Republic rank globally for insurance and financial services?
- Bahamas ranks 31st and Dominican Republic ranks 34th of 197 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 imports). 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 imports which are commercial services provided by non-residents to residents.