Insurance and financial services in Vanuatu
Vanuatu: Insurance and financial services was 1.4% in 2022. ◆ Volatile
Insurance and financial services in Vanuatu, 1998–2022
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2022, insurance and financial services in Vanuatu stood at 1.4%.
Compared with earlier readings it is down 76.2% on the previous year and down 70.9% over ten years.
Over the whole period, insurance and financial services in Vanuatu peaked at 10.8% in 2006 and was at its lowest, 0.6%, in 2019.
Vanuatu ranks 127th of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Vanuatu, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1998 | 4.5% | — |
| 1999 | 6.9% | +53.1% |
| 2000 | 6.7% | -3.1% |
| 2001 | 7.1% | +5.4% |
| 2002 | 7.6% | +7.1% |
| 2003 | 8.1% | +6.7% |
| 2004 | 10.0% | +23.7% |
| 2005 | 10.6% | +5.9% |
| 2006 | 10.8% | +1.8% |
| 2007 | 9.7% | -10.1% |
| 2008 | 8.4% | -13.4% |
| 2009 | 5.3% | -37.6% |
| 2010 | 3.9% | -26.5% |
| 2011 | 4.5% | +15.2% |
| 2012 | 4.9% | +10.4% |
| 2013 | 3.2% | -35.2% |
| 2014 | 2.5% | -22.1% |
| 2015 | 1.8% | -28.7% |
| 2016 | 1.1% | -38.2% |
| 2017 | 1.0% | -10.1% |
| 2018 | 1.3% | +29.8% |
| 2019 | 0.6% | -56.8% |
| 2020 | 1.6% | +198.6% |
| 2021 | 6.0% | +264.5% |
| 2022 | 1.4% | -76.2% |
Vanuatu compared with similar countries
- Vanuatu's 1.4% is below the median for lower middle income countries, which is 1.8%, 82% of the median. (46 countries reporting)
- Vanuatu's 1.4% is above the median for East Asia & Pacific, which is 1.4%, 1.0× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Vanuatu 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 |
|---|---|---|---|
| 2021 | +264.5% | 1.6% | 6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.7% | 4.5% | 6.9% | 2 |
| 2000s | 8.4% | 5.3% | 10.8% | 10 |
| 2010s | 2.5% | 0.6% | 4.9% | 10 |
| 2020s | 3.0% | 1.4% | 6.0% | 3 |
Countries ranked near Vanuatu
More private sector data for Vanuatu
- Merchandise trade 43.8% (2025)
- Food imports 25.0% (2011)
- Manufactures imports 52.3% (2011)
- Merchandise imports 515.00 million current US$ (2025)
- Food exports 85.3% (2011)
- Manufactures exports 8.2% (2011)
- Merchandise exports 78.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 232.72 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0576 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 4 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Vanuatu?
- Insurance and financial services in Vanuatu was 1.4% in 2022, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Vanuatu?
- The highest recorded value was 10.8% in 2006.
- What is the lowest insurance and financial services recorded in Vanuatu?
- The lowest recorded value was 0.6% in 2019.
- How does Vanuatu rank for insurance and financial services?
- Vanuatu ranks 127th out of 190 countries with data for 2022.
- Is insurance and financial services rising or falling in Vanuatu?
- Over the last ten years it is down 70.9%. The long-run trend across the full record is volatile.
- Where does this Vanuatu 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 — 25 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.