Bermuda vs Latin America & Caribbean (excluding high income): Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- Bermuda
- Latin America & Caribbean (excluding high income)
How they compare
Bermuda currently reports 19.7% against 10.9% in Latin America & Caribbean (excluding high income), a difference of 8.8%.
That makes Bermuda's figure about 1.8 times Latin America & Caribbean (excluding high income)'s.
Across all 20 years both countries report, Bermuda has been ahead every year.
Bermuda ranks 9th and Latin America & Caribbean (excluding high income) ranks 9th of 197 countries.
Bermuda has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Bermuda | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 13.4% | 11.4% | 1.9% | Bermuda |
| 2010s | 16.0% | 11.8% | 4.2% | Bermuda |
| 2020s | 18.6% | 12.4% | 6.2% | Bermuda |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Bermuda or Latin America & Caribbean (excluding high income)?
- Bermuda, at 19.7% against 10.9% in Latin America & Caribbean (excluding high income) as of 2025.
- What is the difference in insurance and financial services between Bermuda and Latin America & Caribbean (excluding high income)?
- 8.8%, with Bermuda ahead.
- How many years of comparable data are there for Bermuda and Latin America & Caribbean (excluding high income)?
- 20 years are reported by both, from 2006 to 2025.
- How do Bermuda and Latin America & Caribbean (excluding high income) rank globally for insurance and financial services?
- Bermuda ranks 9th and Latin America & Caribbean (excluding high income) ranks 9th 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.