Middle East, North Africa, Afghanistan & Pakistan (excluding high income) vs Panama: Insurance and financial services

Middle East, North Africa, Afghanistan & Pakistan (excluding high income)
3.0%
in 2023
Panama
9.8%
in 2025
Middle East, North Africa, Afghanistan & Pakistan (excluding high income) rank
31st
Panama rank
31st

Insurance and financial services over time

  • Middle East, North Africa, Afghanistan & Pakistan (excluding high income)
  • Panama
051015197720012025

How they compare

Panama currently reports 9.8% against 3.0% in Middle East, North Africa, Afghanistan & Pakistan (excluding high income), a difference of 6.8%.

That makes Panama's figure about 3.3 times Middle East, North Africa, Afghanistan & Pakistan (excluding high income)'s.

Across all 26 years both countries report, Panama has been ahead every year.

Middle East, North Africa, Afghanistan & Pakistan (excluding high income) ranks 31st and Panama ranks 31st of 45 groups.

Panama has averaged higher in every one of the 5 decades both report.

Head to head by decade

Decade Middle East, North Africa, Afghanistan & Pakistan (excluding high income) Panama Difference Ahead
1980s 2.8% 6.4% 3.6% Panama
1990s 1.9% 3.9% 2.0% Panama
2000s 2.3% 11.0% 8.7% Panama
2010s 4.4% 11.1% 6.6% Panama
2020s 2.9% 9.6% 6.7% Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance and financial services, Middle East, North Africa, Afghanistan & Pakistan (excluding high income) or Panama?
Panama, at 9.8% against 3.0% in Middle East, North Africa, Afghanistan & Pakistan (excluding high income) as of 2025.
What is the difference in insurance and financial services between Middle East, North Africa, Afghanistan & Pakistan (excluding high income) and Panama?
6.8%, with Panama ahead.
How many years of comparable data are there for Middle East, North Africa, Afghanistan & Pakistan (excluding high income) and Panama?
26 years are reported by both, from 1983 to 2023.
How do Middle East, North Africa, Afghanistan & Pakistan (excluding high income) and Panama rank globally for insurance and financial services?
Middle East, North Africa, Afghanistan & Pakistan (excluding high income) ranks 31st and Panama ranks 31st 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.

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Middle East, North Africa, Afghanistan & Pakistan (excluding high income) vs Panama: Insurance and financial services. Statizoid, drawing on Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 19 September 2026, from https://economy.statizoid.com/compare/insurance-and-financial-services-percent-of-service-exports-bop/middle-east-north-africa-afghanistan-and-pakistan-excluding-high-income/panama/

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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.