Latin America & Caribbean vs Singapore: Insurance and financial services
Insurance and financial services over time
- Latin America & Caribbean
- Singapore
How they compare
Singapore currently reports 15.2% against 5.5% in Latin America & Caribbean, a difference of 9.7%.
That makes Singapore's figure about 2.8 times Latin America & Caribbean's.
The two have swapped places 1 time across 47 shared years of data; in 1979 it was Latin America & Caribbean ahead.
Latin America & Caribbean ranks 20th and Singapore ranks 17th of 45 groups.
Across the 6 decades both report, Latin America & Caribbean averaged higher in 2 and Singapore in 4.
Head to head by decade
| Decade | Latin America & Caribbean | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.2% | 1.1% | 4.1% | Latin America & Caribbean |
| 1980s | 5.5% | 1.2% | 4.4% | Latin America & Caribbean |
| 1990s | 4.3% | 8.0% | 3.8% | Singapore |
| 2000s | 5.3% | 12.3% | 7.0% | Singapore |
| 2010s | 5.6% | 16.3% | 10.7% | Singapore |
| 2020s | 6.6% | 15.8% | 9.2% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Latin America & Caribbean or Singapore?
- Singapore, at 15.2% against 5.5% in Latin America & Caribbean as of 2025.
- What is the difference in insurance and financial services between Latin America & Caribbean and Singapore?
- 9.7%, with Singapore ahead.
- How many years of comparable data are there for Latin America & Caribbean and Singapore?
- 47 years are reported by both, from 1979 to 2025.
- How do Latin America & Caribbean and Singapore rank globally for insurance and financial services?
- Latin America & Caribbean ranks 20th and Singapore ranks 17th of 45 groups.
- 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.