Insurance and financial services in Kiribati
Kiribati: Insurance and financial services was 15.5% in 2025. ◆ Volatile
Insurance and financial services in Kiribati, 1979–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2025, insurance and financial services in Kiribati stood at 15.5%.
That represents a change of up 309.6% on the previous year and down 23.6% over ten years.
Over the whole period, insurance and financial services in Kiribati peaked at 43.0% in 2020 and was at its lowest, 0.4%, in 1985.
That places Kiribati 20th out of 190 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Kiribati, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1979 | 1.0% | — |
| 1980 | 0.6% | -36.0% |
| 1981 | 0.7% | +9.6% |
| 1982 | 1.1% | +59.2% |
| 1983 | 1.1% | -6.8% |
| 1984 | 0.8% | -25.5% |
| 1985 | 0.4% | -45.2% |
| 1986 | 1.4% | +216.3% |
| 1987 | 1.7% | +21.6% |
| 1988 | 2.3% | +37.9% |
| 1989 | 2.1% | -9.0% |
| 1990 | 1.6% | -20.7% |
| 1991 | 1.1% | -33.9% |
| 1992 | 1.0% | -4.2% |
| 1993 | 1.5% | +43.8% |
| 1994 | 1.3% | -16.1% |
| 2006 | 38.9% | +2997.8% |
| 2007 | 32.7% | -16.1% |
| 2008 | 40.4% | +23.7% |
| 2009 | 32.8% | -18.8% |
| 2010 | 29.5% | -10.1% |
| 2011 | 23.6% | -20.1% |
| 2012 | 25.8% | +9.5% |
| 2013 | 12.8% | -50.4% |
| 2014 | 12.5% | -2.3% |
| 2015 | 20.2% | +62.1% |
| 2016 | 13.3% | -34.5% |
| 2017 | 12.9% | -2.6% |
| 2018 | 3.2% | -74.9% |
| 2019 | 22.0% | +576.7% |
| 2020 | 43.0% | +95.8% |
| 2021 | 30.9% | -28.1% |
| 2022 | 7.8% | -74.6% |
| 2023 | 6.5% | -17.3% |
| 2024 | 3.8% | -41.8% |
| 2025 | 15.5% | +309.6% |
Kiribati compared with similar countries
- Kiribati's 15.5% is above the median for lower middle income countries, which is 1.8%, 8.8× the median. (46 countries reporting)
- Kiribati's 15.5% is above the median for East Asia & Pacific, which is 1.4%, 10.8× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Kiribati 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 |
|---|---|---|---|
| 2006 | +2997.8% | 1.3% | 38.9% |
| 2019 | +576.7% | 3.2% | 22.0% |
| 2025 | +309.6% | 3.8% | 15.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.0% | 1.0% | 1.0% | 1 |
| 1980s | 1.2% | 0.4% | 2.3% | 10 |
| 1990s | 1.3% | 1.0% | 1.6% | 5 |
| 2000s | 36.2% | 32.7% | 40.4% | 4 |
| 2010s | 17.6% | 3.2% | 29.5% | 10 |
| 2020s | 17.9% | 3.8% | 43.0% | 6 |
Countries ranked near Kiribati
More private sector data for Kiribati
- Merchandise trade 147.8% (2025)
- Food imports 41.4% (2021)
- Manufactures imports 43.0% (2021)
- Merchandise imports 496.00 million current US$ (2025)
- Food exports 97.2% (2021)
- Manufactures exports 2.1% (2021)
- Merchandise exports 20.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 146.53 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0573 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -16.67 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Kiribati?
- Insurance and financial services in Kiribati was 15.5% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Kiribati?
- The highest recorded value was 43.0% in 2020.
- What is the lowest insurance and financial services recorded in Kiribati?
- The lowest recorded value was 0.4% in 1985.
- How does Kiribati rank for insurance and financial services?
- Kiribati ranks 20th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Kiribati?
- Over the last ten years it is down 23.6%. The long-run trend across the full record is volatile.
- Where does this Kiribati 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
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.