Insurance and financial services in Fiji
Fiji: Insurance and financial services was 0.3% in 2024. ◆ Volatile
Insurance and financial services in Fiji, 1979–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2024, insurance and financial services in Fiji stood at 0.3%.
Compared with earlier readings it is up 32.4% on the previous year and down 35.5% over ten years.
Over the whole period, insurance and financial services in Fiji peaked at 16.6% in 1985 and was at its lowest, 0.0%, in 2008.
Fiji ranks 171st of 190 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Fiji, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1979 | 2.7% | — |
| 1980 | 0.8% | -69.7% |
| 1981 | 1.2% | +54.3% |
| 1982 | 0.9% | -24.7% |
| 1983 | 15.4% | +1543.0% |
| 1984 | 2.3% | -85.2% |
| 1985 | 16.6% | +631.2% |
| 1986 | 5.6% | -66.2% |
| 1987 | 2.3% | -59.4% |
| 1988 | 0.9% | -61.7% |
| 1989 | 0.9% | -0.4% |
| 1990 | 1.1% | +24.0% |
| 1991 | 0.9% | -12.7% |
| 1992 | 1.4% | +54.2% |
| 1993 | 3.5% | +141.1% |
| 1994 | 3.2% | -8.3% |
| 1995 | 1.3% | -59.3% |
| 1996 | 1.0% | -26.5% |
| 1997 | 2.0% | +104.6% |
| 1998 | 3.5% | +79.9% |
| 1999 | 1.0% | -72.8% |
| 2000 | 0.3% | -63.6% |
| 2001 | 0.4% | +11.2% |
| 2002 | 0.3% | -27.8% |
| 2003 | 0.3% | +11.3% |
| 2004 | 0.3% | -18.2% |
| 2005 | 0.2% | -36.3% |
| 2006 | 0.2% | +8.4% |
| 2007 | 0.1% | -45.1% |
| 2008 | 0.0% | -57.6% |
| 2009 | 0.1% | +27.6% |
| 2010 | 0.1% | +7.4% |
| 2011 | 0.2% | +204.5% |
| 2012 | 0.3% | +96.8% |
| 2013 | 0.4% | +18.3% |
| 2014 | 0.5% | +27.3% |
| 2015 | 0.4% | -21.3% |
| 2016 | 0.4% | -1.9% |
| 2017 | 1.0% | +162.6% |
| 2018 | 0.3% | -67.0% |
| 2019 | 0.3% | -8.3% |
| 2020 | 0.6% | +90.9% |
| 2021 | 0.5% | -10.4% |
| 2022 | 0.2% | -63.0% |
| 2023 | 0.2% | +25.3% |
| 2024 | 0.3% | +32.4% |
Fiji compared with similar countries
- Fiji's 0.3% is below the median for upper middle income countries, which is 1.9%, 17% of the median. (53 countries reporting)
- Fiji's 0.3% is below the median for East Asia & Pacific, which is 1.4%, 23% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Fiji changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1983 | +1543.0% | 0.9% | 15.4% |
| 1985 | +631.2% | 2.3% | 16.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.7% | 2.7% | 2.7% | 1 |
| 1980s | 4.7% | 0.8% | 16.6% | 10 |
| 1990s | 1.9% | 0.9% | 3.5% | 10 |
| 2000s | 0.2% | 0.0% | 0.4% | 10 |
| 2010s | 0.4% | 0.1% | 1.0% | 10 |
| 2020s | 0.4% | 0.2% | 0.6% | 5 |
Countries ranked near Fiji
More private sector data for Fiji
- Merchandise trade 70.6% (2025)
- Food imports 19.0% (2024)
- Manufactures imports 56.5% (2024)
- Merchandise imports 3.25 billion current US$ (2025)
- Food exports 64.3% (2024)
- Manufactures exports 15.5% (2024)
- Merchandise exports 1.13 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,207 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1817 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -0.6178 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Fiji?
- Insurance and financial services in Fiji was 0.3% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Fiji?
- The highest recorded value was 16.6% in 1985.
- What is the lowest insurance and financial services recorded in Fiji?
- The lowest recorded value was 0.0% in 2008.
- How does Fiji rank for insurance and financial services?
- Fiji ranks 171st out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Fiji?
- Over the last ten years it is down 35.5%. The long-run trend across the full record is volatile.
- Where does this Fiji data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.