Colombia vs Europe & Central Asia (IDA & IBRD countries): Insurance and financial services
Insurance and financial services over time
- Colombia
- Europe & Central Asia (IDA & IBRD countries)
How they compare
Colombia currently reports 10.6% against 4.6% in Europe & Central Asia (IDA & IBRD countries), a difference of 6.0%.
That makes Colombia's figure about 2.3 times Europe & Central Asia (IDA & IBRD countries)'s.
Across all 31 years both countries report, Colombia has been ahead every year.
Colombia ranks 43rd and Europe & Central Asia (IDA & IBRD countries) ranks 42nd of 197 countries.
Colombia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Colombia | Europe & Central Asia (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 11.8% | 5.4% | 6.4% | Colombia |
| 2000s | 12.8% | 6.1% | 6.7% | Colombia |
| 2010s | 13.5% | 5.5% | 8.0% | Colombia |
| 2020s | 15.0% | 5.0% | 9.9% | Colombia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Colombia or Europe & Central Asia (IDA & IBRD countries)?
- Colombia, at 10.6% against 4.6% in Europe & Central Asia (IDA & IBRD countries) as of 2025.
- What is the difference in insurance and financial services between Colombia and Europe & Central Asia (IDA & IBRD countries)?
- 6.0%, with Colombia ahead.
- How many years of comparable data are there for Colombia and Europe & Central Asia (IDA & IBRD countries)?
- 31 years are reported by both, from 1994 to 2024.
- How do Colombia and Europe & Central Asia (IDA & IBRD countries) rank globally for insurance and financial services?
- Colombia ranks 43rd and Europe & Central Asia (IDA & IBRD countries) ranks 42nd 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.