Saudi Arabia vs Singapore: Insurance and financial services
Insurance and financial services over time
- Saudi Arabia
- Singapore
How they compare
Saudi Arabia currently reports 6.5% against 6.4% in Singapore, a difference of 0.1%.
The two have swapped places 11 times across 54 shared years of data; in 1972 it was Singapore ahead.
Saudi Arabia ranks 89th and Singapore ranks 92nd of 197 countries.
Across the 6 decades both report, Saudi Arabia averaged higher in 2 and Singapore in 4.
Head to head by decade
| Decade | Saudi Arabia | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.2% | 4.4% | 2.2% | Singapore |
| 1980s | 1.4% | 5.6% | 4.3% | Singapore |
| 1990s | 1.1% | 7.9% | 6.8% | Singapore |
| 2000s | 3.2% | 4.7% | 1.4% | Singapore |
| 2010s | 5.3% | 5.1% | 0.1% | Saudi Arabia |
| 2020s | 6.9% | 6.8% | 0.2% | Saudi Arabia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Saudi Arabia or Singapore?
- Saudi Arabia, at 6.5% against 6.4% in Singapore as of 2025.
- What is the difference in insurance and financial services between Saudi Arabia and Singapore?
- 0.1%, with Saudi Arabia ahead.
- How many years of comparable data are there for Saudi Arabia and Singapore?
- 54 years are reported by both, from 1972 to 2025.
- How do Saudi Arabia and Singapore rank globally for insurance and financial services?
- Saudi Arabia ranks 89th and Singapore ranks 92nd 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.