Colombia vs Philippines: Insurance and financial services
Insurance and financial services over time
- Colombia
- Philippines
How they compare
Philippines currently reports 10.7% against 10.7% in Colombia, a difference of 0.0%.
The two have swapped places 3 times across 49 shared years of data; in 1977 it was Colombia ahead.
Colombia ranks 45th and Philippines ranks 44th of 197 countries.
Colombia has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Colombia | Philippines | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 9.2% | 1.2% | 8.1% | Colombia |
| 1980s | 12.9% | 1.6% | 11.3% | Colombia |
| 1990s | 12.5% | 2.1% | 10.3% | Colombia |
| 2000s | 13.0% | 5.9% | 7.0% | Colombia |
| 2010s | 13.6% | 7.8% | 5.8% | Colombia |
| 2020s | 14.4% | 11.4% | 2.9% | Colombia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Colombia or Philippines?
- Philippines, at 10.7% against 10.7% in Colombia as of 2025.
- What is the difference in insurance and financial services between Colombia and Philippines?
- 0.0%, with Philippines ahead.
- How many years of comparable data are there for Colombia and Philippines?
- 49 years are reported by both, from 1977 to 2025.
- How do Colombia and Philippines rank globally for insurance and financial services?
- Colombia ranks 45th and Philippines ranks 44th 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.
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.