Bahamas vs Pacific island small states: Insurance and financial services
Insurance and financial services over time
- Bahamas
- Pacific island small states
How they compare
Bahamas currently reports 12.7% against 7.5% in Pacific island small states, a difference of 5.2%.
That makes Bahamas's figure about 1.7 times Pacific island small states's.
The two have swapped places 3 times across 46 shared years of data; in 1979 it was Pacific island small states ahead.
Bahamas ranks 31st and Pacific island small states ranks 30th of 197 countries.
Across the 6 decades both report, Bahamas averaged higher in 4 and Pacific island small states in 2.
Head to head by decade
| Decade | Bahamas | Pacific island small states | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 1.6% | 7.5% | 5.9% | Pacific island small states |
| 1980s | 2.0% | 7.7% | 5.7% | Pacific island small states |
| 1990s | 8.4% | 7.4% | 1.0% | Bahamas |
| 2000s | 8.4% | 6.2% | 2.3% | Bahamas |
| 2010s | 10.7% | 6.1% | 4.6% | Bahamas |
| 2020s | 14.6% | 7.4% | 7.1% | Bahamas |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Bahamas or Pacific island small states?
- Bahamas, at 12.7% against 7.5% in Pacific island small states as of 2024.
- What is the difference in insurance and financial services between Bahamas and Pacific island small states?
- 5.2%, with Bahamas ahead.
- How many years of comparable data are there for Bahamas and Pacific island small states?
- 46 years are reported by both, from 1979 to 2024.
- How do Bahamas and Pacific island small states rank globally for insurance and financial services?
- Bahamas ranks 31st and Pacific island small states ranks 30th 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.