Latin America & the Caribbean (IDA & IBRD countries) vs Panama: Insurance and financial services
Insurance and financial services over time
- Latin America & the Caribbean (IDA & IBRD countries)
- Panama
How they compare
Panama currently reports 17.5% against 8.7% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 8.8%.
That makes Panama's figure about 2.0 times Latin America & the Caribbean (IDA & IBRD countries)'s.
The two have swapped places 6 times across 47 shared years of data; in 1979 it was Panama ahead.
Latin America & the Caribbean (IDA & IBRD countries) ranks 15th 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 | Latin America & the Caribbean (IDA & IBRD countries) | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.7% | 7.0% | 1.3% | Panama |
| 1980s | 6.7% | 10.0% | 3.3% | Panama |
| 1990s | 7.8% | 9.7% | 1.9% | Panama |
| 2000s | 9.8% | 15.0% | 5.2% | Panama |
| 2010s | 8.7% | 14.8% | 6.2% | Panama |
| 2020s | 10.1% | 14.4% | 4.2% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Latin America & the Caribbean (IDA & IBRD countries) or Panama?
- Panama, at 17.5% against 8.7% in Latin America & the Caribbean (IDA & IBRD countries) as of 2025.
- What is the difference in insurance and financial services between Latin America & the Caribbean (IDA & IBRD countries) and Panama?
- 8.8%, with Panama ahead.
- How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Panama?
- 47 years are reported by both, from 1979 to 2025.
- How do Latin America & the Caribbean (IDA & IBRD countries) and Panama rank globally for insurance and financial services?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 15th 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.
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.