Nicaragua vs Small states: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- Nicaragua
- Small states
How they compare
Nicaragua currently reports 16.3% against 8.4% in Small states, a difference of 7.9%.
That makes Nicaragua's figure about 1.9 times Small states's.
The two have swapped places 5 times across 30 shared years of data; in 1992 it was Small states ahead.
Nicaragua ranks 16th and Small states ranks 19th of 197 countries.
Across the 4 decades both report, Nicaragua averaged higher in 3 and Small states in 1.
Head to head by decade
| Decade | Nicaragua | Small states | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.7% | 6.2% | 2.6% | Small states |
| 2000s | 8.8% | 7.5% | 1.4% | Nicaragua |
| 2010s | 10.4% | 9.5% | 0.9% | Nicaragua |
| 2020s | 16.5% | 8.9% | 7.6% | Nicaragua |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Nicaragua or Small states?
- Nicaragua, at 16.3% against 8.4% in Small states as of 2024.
- What is the difference in insurance and financial services between Nicaragua and Small states?
- 7.9%, with Nicaragua ahead.
- How many years of comparable data are there for Nicaragua and Small states?
- 30 years are reported by both, from 1992 to 2024.
- How do Nicaragua and Small states rank globally for insurance and financial services?
- Nicaragua ranks 16th and Small states ranks 19th 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.