Lower middle income vs Philippines: Insurance and financial services
Insurance and financial services over time
- Lower middle income
- Philippines
How they compare
Philippines currently reports 10.6% against 5.1% in Lower middle income, a difference of 5.5%.
That makes Philippines's figure about 2.1 times Lower middle income's.
The two have swapped places 3 times across 49 shared years of data; in 1977 it was Lower middle income ahead.
Lower middle income ranks 39th and Philippines ranks 42nd of 47 groups.
Across the 6 decades both report, Lower middle income averaged higher in 4 and Philippines in 2.
Head to head by decade
| Decade | Lower middle income | Philippines | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.4% | 1.1% | 3.4% | Lower middle income |
| 1980s | 4.5% | 1.5% | 2.9% | Lower middle income |
| 1990s | 4.5% | 2.1% | 2.3% | Lower middle income |
| 2000s | 6.7% | 5.8% | 0.9% | Lower middle income |
| 2010s | 6.6% | 7.7% | 1.1% | Philippines |
| 2020s | 5.8% | 11.3% | 5.5% | Philippines |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Lower middle income or Philippines?
- Philippines, at 10.6% against 5.1% in Lower middle income as of 2025.
- What is the difference in insurance and financial services between Lower middle income and Philippines?
- 5.5%, with Philippines ahead.
- How many years of comparable data are there for Lower middle income and Philippines?
- 49 years are reported by both, from 1977 to 2025.
- How do Lower middle income and Philippines rank globally for insurance and financial services?
- Lower middle income ranks 39th and Philippines ranks 42nd 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.