Iraq vs Latin America & Caribbean: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- Iraq
- Latin America & Caribbean
How they compare
Iraq currently reports 21.4% against 11.1% in Latin America & Caribbean, a difference of 10.3%.
That makes Iraq's figure about 1.9 times Latin America & Caribbean's.
Across all 21 years both countries report, Iraq has been ahead every year.
Iraq ranks 7th and Latin America & Caribbean ranks 7th of 197 countries.
Iraq has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iraq | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 24.0% | 11.5% | 12.5% | Iraq |
| 2010s | 20.8% | 11.8% | 9.0% | Iraq |
| 2020s | 18.7% | 12.4% | 6.3% | Iraq |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Iraq or Latin America & Caribbean?
- Iraq, at 21.4% against 11.1% in Latin America & Caribbean as of 2025.
- What is the difference in insurance and financial services between Iraq and Latin America & Caribbean?
- 10.3%, with Iraq ahead.
- How many years of comparable data are there for Iraq and Latin America & Caribbean?
- 21 years are reported by both, from 2005 to 2025.
- How do Iraq and Latin America & Caribbean rank globally for insurance and financial services?
- Iraq ranks 7th and Latin America & Caribbean ranks 7th 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.