Lower middle income vs South Africa: Insurance and financial services
Insurance and financial services over time
- Lower middle income
- South Africa
How they compare
South Africa currently reports 9.7% against 3.0% in Lower middle income, a difference of 6.7%.
That makes South Africa's figure about 3.2 times Lower middle income's.
Across all 49 years both countries report, South Africa has been ahead every year.
Lower middle income ranks 32nd and South Africa ranks 34th of 45 groups.
South Africa has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Lower middle income | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.7% | 11.7% | 9.0% | South Africa |
| 1980s | 2.2% | 8.8% | 6.6% | South Africa |
| 1990s | 1.6% | 8.3% | 6.7% | South Africa |
| 2000s | 2.9% | 6.2% | 3.3% | South Africa |
| 2010s | 4.5% | 7.5% | 3.0% | South Africa |
| 2020s | 3.6% | 10.6% | 7.0% | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Lower middle income or South Africa?
- South Africa, at 9.7% against 3.0% in Lower middle income as of 2025.
- What is the difference in insurance and financial services between Lower middle income and South Africa?
- 6.7%, with South Africa ahead.
- How many years of comparable data are there for Lower middle income and South Africa?
- 49 years are reported by both, from 1977 to 2025.
- How do Lower middle income and South Africa rank globally for insurance and financial services?
- Lower middle income ranks 32nd and South Africa ranks 34th 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.