Hong Kong vs Low & middle income: Insurance and financial services
Insurance and financial services over time
- Hong Kong
- Low & middle income
How they compare
Hong Kong currently reports 11.9% against 5.2% in Low & middle income, a difference of 6.7%.
That makes Hong Kong's figure about 2.3 times Low & middle income's.
The two have swapped places 1 time across 27 shared years of data; in 1998 it was Low & middle income ahead.
Hong Kong ranks 33rd and Low & middle income ranks 35th of 197 countries.
Across the 4 decades both report, Hong Kong averaged higher in 2 and Low & middle income in 2.
Head to head by decade
| Decade | Hong Kong | Low & middle income | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 4.2% | 5.9% | 1.7% | Low & middle income |
| 2000s | 4.5% | 7.2% | 2.7% | Low & middle income |
| 2010s | 8.0% | 6.5% | 1.5% | Hong Kong |
| 2020s | 14.1% | 6.7% | 7.4% | Hong Kong |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Hong Kong or Low & middle income?
- Hong Kong, at 11.9% against 5.2% in Low & middle income as of 2024.
- What is the difference in insurance and financial services between Hong Kong and Low & middle income?
- 6.7%, with Hong Kong ahead.
- How many years of comparable data are there for Hong Kong and Low & middle income?
- 27 years are reported by both, from 1998 to 2024.
- How do Hong Kong and Low & middle income rank globally for insurance and financial services?
- Hong Kong ranks 33rd and Low & middle income ranks 35th 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.