Colombia vs Italy: Insurance and financial services
Insurance and financial services over time
- Colombia
- Italy
How they compare
Colombia currently reports 10.7% against 10.6% in Italy, a difference of 0.1%.
The two have swapped places 9 times across 56 shared years of data; in 1970 it was Italy ahead.
Colombia ranks 45th and Italy ranks 46th of 197 countries.
Across the 6 decades both report, Colombia averaged higher in 4 and Italy in 2.
Head to head by decade
| Decade | Colombia | Italy | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 8.7% | 14.5% | 5.8% | Italy |
| 1980s | 12.9% | 15.2% | 2.3% | Italy |
| 1990s | 12.5% | 10.8% | 1.6% | Colombia |
| 2000s | 13.0% | 9.3% | 3.6% | Colombia |
| 2010s | 13.6% | 11.1% | 2.6% | Colombia |
| 2020s | 14.4% | 11.9% | 2.4% | Colombia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Colombia or Italy?
- Colombia, at 10.7% against 10.6% in Italy as of 2025.
- What is the difference in insurance and financial services between Colombia and Italy?
- 0.1%, with Colombia ahead.
- How many years of comparable data are there for Colombia and Italy?
- 56 years are reported by both, from 1970 to 2025.
- How do Colombia and Italy rank globally for insurance and financial services?
- Colombia ranks 45th and Italy ranks 46th 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.