Cyprus vs Panama: Insurance and financial services
Insurance and financial services over time
- Cyprus
- Panama
How they compare
Panama currently reports 17.8% against 17.1% in Cyprus, a difference of 0.7%.
The two have swapped places 6 times across 49 shared years of data; in 1977 it was Panama ahead.
Cyprus ranks 15th and Panama ranks 13th of 197 countries.
Across the 6 decades both report, Cyprus averaged higher in 2 and Panama in 4.
Head to head by decade
| Decade | Cyprus | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 6.5% | 7.8% | 1.2% | Panama |
| 1980s | 3.1% | 10.5% | 7.4% | Panama |
| 1990s | 6.5% | 10.0% | 3.5% | Panama |
| 2000s | 8.8% | 15.6% | 6.8% | Panama |
| 2010s | 24.4% | 15.1% | 9.3% | Cyprus |
| 2020s | 22.6% | 14.6% | 7.9% | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Cyprus or Panama?
- Panama, at 17.8% against 17.1% in Cyprus as of 2025.
- What is the difference in insurance and financial services between Cyprus and Panama?
- 0.7%, with Panama ahead.
- How many years of comparable data are there for Cyprus and Panama?
- 49 years are reported by both, from 1977 to 2025.
- How do Cyprus and Panama rank globally for insurance and financial services?
- Cyprus ranks 15th 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.