Caribbean Small States vs Cayman Islands: Insurance and financial services
Insurance and financial services over time
- Caribbean Small States
- Cayman Islands
How they compare
Cayman Islands currently reports 30.3% against 14.7% in Caribbean Small States, a difference of 15.6%.
That makes Cayman Islands's figure about 2.1 times Caribbean Small States's.
Across all 9 years both countries report, Cayman Islands has been ahead every year.
Caribbean Small States ranks 2nd and Cayman Islands ranks 3rd of 47 groups.
Cayman Islands has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Caribbean Small States | Cayman Islands | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 10.6% | 37.6% | 26.9% | Cayman Islands |
| 2020s | 16.1% | 33.6% | 17.5% | Cayman Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Caribbean Small States or Cayman Islands?
- Cayman Islands, at 30.3% against 14.7% in Caribbean Small States as of 2024.
- What is the difference in insurance and financial services between Caribbean Small States and Cayman Islands?
- 15.6%, with Cayman Islands ahead.
- How many years of comparable data are there for Caribbean Small States and Cayman Islands?
- 9 years are reported by both, from 2016 to 2024.
- How do Caribbean Small States and Cayman Islands rank globally for insurance and financial services?
- Caribbean Small States ranks 2nd and Cayman Islands ranks 3rd of 47 groups.
- 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.
Individual pages
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.