Japan vs Upper middle income: Insurance and financial services
Insurance and financial services over time
- Japan
- Upper middle income
How they compare
Japan currently reports 12.9% against 6.0% in Upper middle income, a difference of 6.9%.
That makes Japan's figure about 2.1 times Upper middle income's.
The two have swapped places 1 time across 30 shared years of data; in 1996 it was Upper middle income ahead.
Japan ranks 30th and Upper middle income ranks 33rd of 197 countries.
Across the 4 decades both report, Japan averaged higher in 1 and Upper middle income in 3.
Head to head by decade
| Decade | Japan | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 4.0% | 7.9% | 3.9% | Upper middle income |
| 2000s | 4.5% | 8.6% | 4.0% | Upper middle income |
| 2010s | 6.4% | 7.7% | 1.2% | Upper middle income |
| 2020s | 11.7% | 7.4% | 4.3% | Japan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Japan or Upper middle income?
- Japan, at 12.9% against 6.0% in Upper middle income as of 2025.
- What is the difference in insurance and financial services between Japan and Upper middle income?
- 6.9%, with Japan ahead.
- How many years of comparable data are there for Japan and Upper middle income?
- 30 years are reported by both, from 1996 to 2025.
- How do Japan and Upper middle income rank globally for insurance and financial services?
- Japan ranks 30th and Upper middle income ranks 33rd 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.