Bermuda vs Cyprus: Insurance and financial services
Insurance and financial services over time
- Bermuda
- Cyprus
How they compare
Bermuda currently reports 17.6% against 17.1% in Cyprus, a difference of 0.5%.
The two have swapped places 4 times across 18 shared years of data; in 2006 it was Bermuda ahead.
Bermuda ranks 14th and Cyprus ranks 15th of 197 countries.
Across the 3 decades both report, Bermuda averaged higher in 1 and Cyprus in 2.
Head to head by decade
| Decade | Bermuda | Cyprus | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 13.4% | 12.7% | 0.7% | Bermuda |
| 2010s | 16.0% | 24.4% | 8.4% | Cyprus |
| 2020s | 18.6% | 25.2% | 6.7% | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Bermuda or Cyprus?
- Bermuda, at 17.6% against 17.1% in Cyprus as of 2023.
- What is the difference in insurance and financial services between Bermuda and Cyprus?
- 0.5%, with Bermuda ahead.
- How many years of comparable data are there for Bermuda and Cyprus?
- 18 years are reported by both, from 2006 to 2023.
- How do Bermuda and Cyprus rank globally for insurance and financial services?
- Bermuda ranks 14th and Cyprus ranks 15th 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.