South Africa vs Upper middle income: Insurance and financial services
Insurance and financial services over time
- South Africa
- Upper middle income
How they compare
South Africa currently reports 9.7% against 2.8% in Upper middle income, a difference of 6.9%.
That makes South Africa's figure about 3.4 times Upper middle income's.
Across all 44 years both countries report, South Africa has been ahead every year.
South Africa ranks 34th and Upper middle income ranks 36th of 190 countries.
South Africa has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | South Africa | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 8.2% | 4.7% | 3.4% | South Africa |
| 1990s | 8.3% | 3.0% | 5.4% | South Africa |
| 2000s | 6.2% | 2.4% | 3.8% | South Africa |
| 2010s | 7.5% | 3.1% | 4.4% | South Africa |
| 2020s | 10.6% | 3.4% | 7.3% | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, South Africa or Upper middle income?
- South Africa, at 9.7% against 2.8% in Upper middle income as of 2025.
- What is the difference in insurance and financial services between South Africa and Upper middle income?
- 6.9%, with South Africa ahead.
- How many years of comparable data are there for South Africa and Upper middle income?
- 44 years are reported by both, from 1982 to 2025.
- How do South Africa and Upper middle income rank globally for insurance and financial services?
- South Africa ranks 34th and Upper middle income ranks 36th 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.