Hong Kong vs Lower middle income: Insurance and financial services
Insurance and financial services over time
- Hong Kong
- Lower middle income
How they compare
Hong Kong currently reports 11.9% against 5.5% in Lower middle income, a difference of 6.4%.
That makes Hong Kong's figure about 2.2 times Lower middle income's.
The two have swapped places 1 time across 27 shared years of data; in 1998 it was Lower middle income ahead.
Hong Kong ranks 38th and Lower middle income ranks 40th of 197 countries.
Across the 4 decades both report, Hong Kong averaged higher in 2 and Lower middle income in 2.
Head to head by decade
| Decade | Hong Kong | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 4.2% | 4.9% | 0.8% | Lower middle income |
| 2000s | 4.5% | 7.4% | 2.9% | Lower middle income |
| 2010s | 8.1% | 7.0% | 1.1% | Hong Kong |
| 2020s | 14.1% | 6.3% | 7.8% | Hong Kong |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Hong Kong or Lower middle income?
- Hong Kong, at 11.9% against 5.5% in Lower middle income as of 2024.
- What is the difference in insurance and financial services between Hong Kong and Lower middle income?
- 6.4%, with Hong Kong ahead.
- How many years of comparable data are there for Hong Kong and Lower middle income?
- 27 years are reported by both, from 1998 to 2024.
- How do Hong Kong and Lower middle income rank globally for insurance and financial services?
- Hong Kong ranks 38th and Lower middle income ranks 40th 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.