Germany vs Singapore: Insurance and financial services
Insurance and financial services over time
- Germany
- Singapore
How they compare
Singapore currently reports 15.2% against 14.0% in Germany, a difference of 1.2%.
That makes Singapore's figure about 1.1 times Germany's.
The two have swapped places 11 times across 42 shared years of data; in 1976 it was Germany ahead.
Germany ranks 19th and Singapore ranks 17th of 190 countries.
Across the 6 decades both report, Germany averaged higher in 4 and Singapore in 2.
Head to head by decade
| Decade | Germany | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 1.0% | 0.9% | 0.1% | Germany |
| 1980s | 1.6% | 1.2% | 0.5% | Germany |
| 1990s | 6.6% | 6.4% | 0.2% | Germany |
| 2000s | 13.4% | 12.3% | 1.1% | Germany |
| 2010s | 12.2% | 16.3% | 4.1% | Singapore |
| 2020s | 13.1% | 15.8% | 2.7% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Germany or Singapore?
- Singapore, at 15.2% against 14.0% in Germany as of 2025.
- What is the difference in insurance and financial services between Germany and Singapore?
- 1.2%, with Singapore ahead.
- How many years of comparable data are there for Germany and Singapore?
- 42 years are reported by both, from 1976 to 2025.
- How do Germany and Singapore rank globally for insurance and financial services?
- Germany ranks 19th and Singapore ranks 17th 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.