Caribbean Small States vs Luxembourg: Insurance and financial services
Insurance and financial services over time
- Caribbean Small States
- Luxembourg
How they compare
Luxembourg currently reports 49.4% against 14.7% in Caribbean Small States, a difference of 34.7%.
That makes Luxembourg's figure about 3.4 times Caribbean Small States's.
Across all 27 years both countries report, Luxembourg has been ahead every year.
Caribbean Small States ranks 2nd and Luxembourg ranks 1st of 47 groups.
Luxembourg has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Caribbean Small States | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 5.0% | 58.7% | 53.8% | Luxembourg |
| 2000s | 5.7% | 64.9% | 59.2% | Luxembourg |
| 2010s | 10.9% | 55.6% | 44.7% | Luxembourg |
| 2020s | 15.9% | 47.3% | 31.4% | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Caribbean Small States or Luxembourg?
- Luxembourg, at 49.4% against 14.7% in Caribbean Small States as of 2025.
- What is the difference in insurance and financial services between Caribbean Small States and Luxembourg?
- 34.7%, with Luxembourg ahead.
- How many years of comparable data are there for Caribbean Small States and Luxembourg?
- 27 years are reported by both, from 1999 to 2025.
- How do Caribbean Small States and Luxembourg rank globally for insurance and financial services?
- Caribbean Small States ranks 2nd and Luxembourg ranks 1st 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.
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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.