Heavily indebted poor countries (HIPC) vs Panama: Insurance and financial services

Heavily indebted poor countries (HIPC)
9.3%
in 2024
Panama
17.5%
in 2025
Heavily indebted poor countries (HIPC) rank
12th
Panama rank
14th

Insurance and financial services over time

  • Heavily indebted poor countries (HIPC)
  • Panama
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How they compare

Panama currently reports 17.5% against 9.3% in Heavily indebted poor countries (HIPC), a difference of 8.2%.

That makes Panama's figure about 1.9 times Heavily indebted poor countries (HIPC)'s.

Across all 47 years both countries report, Panama has been ahead every year.

Heavily indebted poor countries (HIPC) ranks 12th and Panama ranks 14th of 47 groups.

Panama has averaged higher in every one of the 6 decades both report.

Head to head by decade

Decade Heavily indebted poor countries (HIPC) Panama Difference Ahead
1970s 5.6% 7.3% 1.7% Panama
1980s 5.5% 10.0% 4.5% Panama
1990s 4.5% 9.7% 5.2% Panama
2000s 6.0% 15.0% 9.1% Panama
2010s 5.7% 14.8% 9.1% Panama
2020s 7.2% 13.8% 6.6% Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance and financial services, Heavily indebted poor countries (HIPC) or Panama?
Panama, at 17.5% against 9.3% in Heavily indebted poor countries (HIPC) as of 2025.
What is the difference in insurance and financial services between Heavily indebted poor countries (HIPC) and Panama?
8.2%, with Panama ahead.
How many years of comparable data are there for Heavily indebted poor countries (HIPC) and Panama?
47 years are reported by both, from 1978 to 2024.
How do Heavily indebted poor countries (HIPC) and Panama rank globally for insurance and financial services?
Heavily indebted poor countries (HIPC) ranks 12th and Panama ranks 14th of 47 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 imports, BoP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Heavily indebted poor countries (HIPC) vs Panama: Insurance and financial services. Statizoid, drawing on Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 17 September 2026, from https://economy.statizoid.com/compare/insurance-and-financial-services-percent-of-service-imports-bop/heavily-indebted-poor-countries-hipc/panama/

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About this data

Indicator
Insurance and financial services (% of service imports, BoP)
Unit
% of service imports, BoP
Source
Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
244 places, 9,395 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 imports which are services provided by non-residents to residents.