Canada vs Lower middle income: Insurance and financial services
Insurance and financial services over time
- Canada
- Lower middle income
How they compare
Canada currently reports 9.7% against 3.0% in Lower middle income, a difference of 6.7%.
That makes Canada's figure about 3.3 times Lower middle income's.
Across all 45 years both countries report, Canada has been ahead every year.
Canada ranks 33rd and Lower middle income ranks 32nd of 190 countries.
Canada has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Canada | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 10.5% | 2.1% | 8.4% | Canada |
| 1990s | 8.4% | 1.6% | 6.7% | Canada |
| 2000s | 7.1% | 2.9% | 4.2% | Canada |
| 2010s | 10.2% | 4.5% | 5.7% | Canada |
| 2020s | 10.3% | 3.6% | 6.7% | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Canada or Lower middle income?
- Canada, at 9.7% against 3.0% in Lower middle income as of 2025.
- What is the difference in insurance and financial services between Canada and Lower middle income?
- 6.7%, with Canada ahead.
- How many years of comparable data are there for Canada and Lower middle income?
- 45 years are reported by both, from 1981 to 2025.
- How do Canada and Lower middle income rank globally for insurance and financial services?
- Canada ranks 33rd and Lower middle income ranks 32nd 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.