South Africa vs Spain: Insurance and financial services
Insurance and financial services over time
- South Africa
- Spain
How they compare
Spain currently reports 6.0% against 5.7% in South Africa, a difference of 0.3%.
That makes Spain's figure about 1.1 times South Africa's.
The two have swapped places 5 times across 37 shared years of data; in 1975 it was South Africa ahead.
South Africa ranks 108th and Spain ranks 105th of 197 countries.
Across the 5 decades both report, South Africa averaged higher in 3 and Spain in 2.
Head to head by decade
| Decade | South Africa | Spain | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 13.6% | 6.3% | 7.3% | South Africa |
| 1980s | 12.1% | 5.7% | 6.4% | South Africa |
| 1990s | 9.5% | 6.7% | 2.8% | South Africa |
| 2010s | 3.9% | 7.9% | 4.0% | Spain |
| 2020s | 5.4% | 6.4% | 1.0% | Spain |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, South Africa or Spain?
- Spain, at 6.0% against 5.7% in South Africa as of 2025.
- What is the difference in insurance and financial services between South Africa and Spain?
- 0.3%, with Spain ahead.
- How many years of comparable data are there for South Africa and Spain?
- 37 years are reported by both, from 1975 to 2025.
- How do South Africa and Spain rank globally for insurance and financial services?
- South Africa ranks 108th and Spain ranks 105th 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.