Bermuda vs Latin America & Caribbean: Insurance and financial services
Insurance and financial services over time
- Bermuda
- Latin America & Caribbean
How they compare
Bermuda currently reports 17.6% against 8.7% in Latin America & Caribbean, a difference of 8.9%.
That makes Bermuda's figure about 2.0 times Latin America & Caribbean's.
Across all 18 years both countries report, Bermuda has been ahead every year.
Bermuda ranks 13th and Latin America & Caribbean ranks 15th of 197 countries.
Bermuda has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Bermuda | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 13.1% | 9.6% | 3.5% | Bermuda |
| 2010s | 15.9% | 8.7% | 7.2% | Bermuda |
| 2020s | 18.6% | 10.8% | 7.8% | Bermuda |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Bermuda or Latin America & Caribbean?
- Bermuda, at 17.6% against 8.7% in Latin America & Caribbean as of 2023.
- What is the difference in insurance and financial services between Bermuda and Latin America & Caribbean?
- 8.9%, with Bermuda ahead.
- How many years of comparable data are there for Bermuda and Latin America & Caribbean?
- 18 years are reported by both, from 2006 to 2023.
- How do Bermuda and Latin America & Caribbean rank globally for insurance and financial services?
- Bermuda ranks 13th and Latin America & Caribbean ranks 15th of 197 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 imports, 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 imports which are services provided by non-residents to residents.