Bermuda vs Small states: Insurance and financial services
Insurance and financial services over time
- Bermuda
- Small states
How they compare
Bermuda currently reports 19.3% against 11.3% in Small states, a difference of 8.0%.
That makes Bermuda's figure about 1.7 times Small states's.
The two have swapped places 4 times across 16 shared years of data; in 2008 it was Bermuda ahead.
Bermuda ranks 14th and Small states ranks 11th of 190 countries.
Across the 3 decades both report, Bermuda averaged higher in 2 and Small states in 1.
Head to head by decade
| Decade | Bermuda | Small states | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 17.8% | 17.8% | 0.0% | Small states |
| 2010s | 18.7% | 14.4% | 4.3% | Bermuda |
| 2020s | 23.6% | 11.7% | 11.9% | Bermuda |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Bermuda or Small states?
- Bermuda, at 19.3% against 11.3% in Small states as of 2023.
- What is the difference in insurance and financial services between Bermuda and Small states?
- 8.0%, with Bermuda ahead.
- How many years of comparable data are there for Bermuda and Small states?
- 16 years are reported by both, from 2008 to 2023.
- How do Bermuda and Small states rank globally for insurance and financial services?
- Bermuda ranks 14th and Small states ranks 11th of 190 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 service exports, BoP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.