Latin America & Caribbean vs Mexico: Insurance and financial services
Insurance and financial services over time
- Latin America & Caribbean
- Mexico
How they compare
Mexico currently reports 15.6% against 8.7% in Latin America & Caribbean, a difference of 6.9%.
That makes Mexico's figure about 1.8 times Latin America & Caribbean's.
Across all 47 years both countries report, Mexico has been ahead every year.
Latin America & Caribbean ranks 15th and Mexico ranks 18th of 47 groups.
Mexico has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Mexico | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.6% | 8.5% | 2.9% | Mexico |
| 1980s | 6.6% | 8.5% | 1.9% | Mexico |
| 1990s | 7.7% | 14.6% | 6.9% | Mexico |
| 2000s | 9.8% | 15.2% | 5.4% | Mexico |
| 2010s | 8.7% | 16.9% | 8.2% | Mexico |
| 2020s | 10.3% | 17.7% | 7.4% | Mexico |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Latin America & Caribbean or Mexico?
- Mexico, at 15.6% against 8.7% in Latin America & Caribbean as of 2025.
- What is the difference in insurance and financial services between Latin America & Caribbean and Mexico?
- 6.9%, with Mexico ahead.
- How many years of comparable data are there for Latin America & Caribbean and Mexico?
- 47 years are reported by both, from 1979 to 2025.
- How do Latin America & Caribbean and Mexico rank globally for insurance and financial services?
- Latin America & Caribbean ranks 15th and Mexico ranks 18th 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.
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.