Latin America & the Caribbean (IDA & IBRD countries) vs Macao: Insurance and financial services
Insurance and financial services over time
- Latin America & the Caribbean (IDA & IBRD countries)
- Macao
How they compare
Macao currently reports 22.1% against 11.2% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 10.9%.
That makes Macao's figure about 2.0 times Latin America & the Caribbean (IDA & IBRD countries)'s.
The two have swapped places 2 times across 23 shared years of data; in 2002 it was Macao ahead.
Latin America & the Caribbean (IDA & IBRD countries) ranks 6th and Macao ranks 5th of 47 groups.
Macao has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Latin America & the Caribbean (IDA & IBRD countries) | Macao | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 11.7% | 14.3% | 2.5% | Macao |
| 2010s | 11.8% | 15.4% | 3.6% | Macao |
| 2020s | 12.8% | 29.2% | 16.4% | Macao |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Latin America & the Caribbean (IDA & IBRD countries) or Macao?
- Macao, at 22.1% against 11.2% in Latin America & the Caribbean (IDA & IBRD countries) as of 2024.
- What is the difference in insurance and financial services between Latin America & the Caribbean (IDA & IBRD countries) and Macao?
- 10.9%, with Macao ahead.
- How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Macao?
- 23 years are reported by both, from 2002 to 2024.
- How do Latin America & the Caribbean (IDA & IBRD countries) and Macao rank globally for insurance and financial services?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 6th and Macao ranks 5th 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.