Heavily indebted poor countries (HIPC) vs Panama: Insurance and financial services
Insurance and financial services over time
- Heavily indebted poor countries (HIPC)
- Panama
How they compare
Panama currently reports 17.8% against 9.3% in Heavily indebted poor countries (HIPC), a difference of 8.5%.
That makes Panama's figure about 1.9 times Heavily indebted poor countries (HIPC)'s.
The two have swapped places 4 times across 47 shared years of data; in 1978 it was Panama ahead.
Heavily indebted poor countries (HIPC) ranks 13th and Panama ranks 13th of 47 groups.
Panama has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Heavily indebted poor countries (HIPC) | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.5% | 8.4% | 2.9% | Panama |
| 1980s | 6.6% | 10.5% | 3.9% | Panama |
| 1990s | 5.3% | 10.0% | 4.7% | Panama |
| 2000s | 6.6% | 15.6% | 8.9% | Panama |
| 2010s | 6.4% | 15.1% | 8.8% | Panama |
| 2020s | 7.5% | 14.0% | 6.5% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Heavily indebted poor countries (HIPC) or Panama?
- Panama, at 17.8% against 9.3% in Heavily indebted poor countries (HIPC) as of 2025.
- What is the difference in insurance and financial services between Heavily indebted poor countries (HIPC) and Panama?
- 8.5%, with Panama ahead.
- How many years of comparable data are there for Heavily indebted poor countries (HIPC) and Panama?
- 47 years are reported by both, from 1978 to 2024.
- How do Heavily indebted poor countries (HIPC) and Panama rank globally for insurance and financial services?
- Heavily indebted poor countries (HIPC) ranks 13th and Panama ranks 13th 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.