Low income vs Nicaragua: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- Low income
- Nicaragua
How they compare
Nicaragua currently reports 16.3% against 8.9% in Low income, a difference of 7.4%.
That makes Nicaragua's figure about 1.8 times Low income's.
The two have swapped places 2 times across 20 shared years of data; in 2005 it was Nicaragua ahead.
Low income ranks 14th and Nicaragua ranks 16th of 47 groups.
Nicaragua has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Low income | Nicaragua | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 6.8% | 8.9% | 2.1% | Nicaragua |
| 2010s | 7.0% | 10.4% | 3.4% | Nicaragua |
| 2020s | 7.4% | 16.5% | 9.1% | Nicaragua |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Low income or Nicaragua?
- Nicaragua, at 16.3% against 8.9% in Low income as of 2024.
- What is the difference in insurance and financial services between Low income and Nicaragua?
- 7.4%, with Nicaragua ahead.
- How many years of comparable data are there for Low income and Nicaragua?
- 20 years are reported by both, from 2005 to 2024.
- How do Low income and Nicaragua rank globally for insurance and financial services?
- Low income ranks 14th and Nicaragua ranks 16th 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.