Indonesia vs South Korea: Insurance and financial services
Insurance and financial services over time
- Indonesia
- South Korea
How they compare
South Korea currently reports 4.2% against 3.9% in Indonesia, a difference of 0.3%.
That makes South Korea's figure about 1.1 times Indonesia's.
The two have swapped places 4 times across 24 shared years of data; in 2002 it was South Korea ahead.
Indonesia ranks 76th and South Korea ranks 73rd of 190 countries.
Across the 3 decades both report, Indonesia averaged higher in 1 and South Korea in 2.
Head to head by decade
| Decade | Indonesia | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.8% | 2.1% | 0.3% | South Korea |
| 2010s | 1.9% | 2.7% | 0.9% | South Korea |
| 2020s | 5.6% | 4.4% | 1.2% | Indonesia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Indonesia or South Korea?
- South Korea, at 4.2% against 3.9% in Indonesia as of 2025.
- What is the difference in insurance and financial services between Indonesia and South Korea?
- 0.3%, with South Korea ahead.
- How many years of comparable data are there for Indonesia and South Korea?
- 24 years are reported by both, from 2002 to 2025.
- How do Indonesia and South Korea rank globally for insurance and financial services?
- Indonesia ranks 76th 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.