Iceland vs South Korea: Insurance and financial services
Insurance and financial services over time
- Iceland
- South Korea
How they compare
Iceland currently reports 4.4% against 4.2% in South Korea, a difference of 0.2%.
That makes Iceland's figure about 1.1 times South Korea's.
The two have swapped places 5 times across 36 shared years of data; in 1976 it was South Korea ahead.
Iceland ranks 70th and South Korea ranks 73rd of 190 countries.
Across the 6 decades both report, Iceland averaged higher in 4 and South Korea in 2.
Head to head by decade
| Decade | Iceland | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.6% | 4.4% | 3.7% | South Korea |
| 1980s | 0.6% | 0.0% | 0.6% | Iceland |
| 1990s | 1.5% | 0.4% | 1.1% | Iceland |
| 2000s | 7.9% | 2.6% | 5.3% | Iceland |
| 2010s | 5.3% | 2.7% | 2.6% | Iceland |
| 2020s | 4.3% | 4.4% | 0.1% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Iceland or South Korea?
- Iceland, at 4.4% against 4.2% in South Korea as of 2025.
- What is the difference in insurance and financial services between Iceland and South Korea?
- 0.2%, with Iceland ahead.
- How many years of comparable data are there for Iceland and South Korea?
- 36 years are reported by both, from 1976 to 2025.
- How do Iceland and South Korea rank globally for insurance and financial services?
- Iceland ranks 70th and South Korea ranks 73rd 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.