Belize vs Nicaragua: Insurance and financial services
Insurance and financial services over time
- Belize
- Nicaragua
How they compare
Nicaragua currently reports 16.3% against 15.1% in Belize, a difference of 1.2%.
That makes Nicaragua's figure about 1.1 times Belize's.
The two have swapped places 2 times across 41 shared years of data; in 1984 it was Nicaragua ahead.
Belize ranks 19th and Nicaragua ranks 17th of 197 countries.
Across the 5 decades both report, Belize averaged higher in 3 and Nicaragua in 2.
Head to head by decade
| Decade | Belize | Nicaragua | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 4.9% | 6.2% | 1.2% | Nicaragua |
| 1990s | 7.2% | 4.5% | 2.8% | Belize |
| 2000s | 18.4% | 9.0% | 9.4% | Belize |
| 2010s | 17.5% | 10.4% | 7.1% | Belize |
| 2020s | 13.1% | 16.5% | 3.4% | Nicaragua |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Belize or Nicaragua?
- Nicaragua, at 16.3% against 15.1% in Belize as of 2024.
- What is the difference in insurance and financial services between Belize and Nicaragua?
- 1.2%, with Nicaragua ahead.
- How many years of comparable data are there for Belize and Nicaragua?
- 41 years are reported by both, from 1984 to 2024.
- How do Belize and Nicaragua rank globally for insurance and financial services?
- Belize ranks 19th and Nicaragua ranks 17th 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.