Grenada vs Latvia: Insurance and financial services

Grenada
2.0%
in 2025
Latvia
2.1%
in 2025
Grenada rank
107th
Latvia rank
105th

Insurance and financial services over time

  • Grenada
  • Latvia
051015198620052025

How they compare

Latvia currently reports 2.1% against 2.0% in Grenada, a difference of 0.1%.

That makes Latvia's figure about 1.1 times Grenada's.

The two have swapped places 1 time across 26 shared years of data; in 1992 it was Grenada ahead.

Grenada ranks 107th and Latvia ranks 105th of 190 countries.

Latvia has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Grenada Latvia Difference Ahead
1990s 1.2% 2.1% 0.9% Latvia
2000s 3.7% 15.9% 12.2% Latvia
2010s 1.7% 9.0% 7.3% Latvia
2020s 1.9% 2.7% 0.8% Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance and financial services, Grenada or Latvia?
Latvia, at 2.1% against 2.0% in Grenada as of 2025.
What is the difference in insurance and financial services between Grenada and Latvia?
0.1%, with Latvia ahead.
How many years of comparable data are there for Grenada and Latvia?
26 years are reported by both, from 1992 to 2025.
How do Grenada and Latvia rank globally for insurance and financial services?
Grenada ranks 107th and Latvia ranks 105th 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.

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Grenada vs Latvia: Insurance and financial services. Statizoid, drawing on Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 17 September 2026, from https://economy.statizoid.com/compare/insurance-and-financial-services-percent-of-service-exports-bop/grenada/latvia/

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About this data

Indicator
Insurance and financial services (% of service exports, BoP)
Unit
% of service exports, BoP
Source
Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
235 places, 8,390 data points, 1960–2025
Last refreshed

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.