Bermuda vs Panama: Insurance and financial services
Insurance and financial services over time
- Bermuda
- Panama
How they compare
Panama currently reports 17.8% against 17.6% in Bermuda, a difference of 0.2%.
The two have swapped places 3 times across 18 shared years of data; in 2006 it was Panama ahead.
Bermuda ranks 14th and Panama ranks 13th of 197 countries.
Across the 3 decades both report, Bermuda averaged higher in 2 and Panama in 1.
Head to head by decade
| Decade | Bermuda | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 13.4% | 16.5% | 3.2% | Panama |
| 2010s | 16.0% | 15.1% | 0.9% | Bermuda |
| 2020s | 18.6% | 13.0% | 5.6% | Bermuda |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Bermuda or Panama?
- Panama, at 17.8% against 17.6% in Bermuda as of 2025.
- What is the difference in insurance and financial services between Bermuda and Panama?
- 0.2%, with Panama ahead.
- How many years of comparable data are there for Bermuda and Panama?
- 18 years are reported by both, from 2006 to 2023.
- How do Bermuda and Panama rank globally for insurance and financial services?
- Bermuda ranks 14th and Panama ranks 13th 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.