Insurance and financial services in Fiji
Fiji: Insurance and financial services was 7.9% in 2024. ▼ Falling
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 imports.
Analysis
In 2024, insurance and financial services in Fiji stood at 7.9%.
The figure is up 4.0% on the previous year and up 6.8% over ten years.
Over the whole period, insurance and financial services in Fiji peaked at 12.5% in 1986 and was at its lowest, 5.6%, in 2000.
Fiji ranks 77th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 46 years of available data.
Insurance and financial services in Fiji, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1979 | 8.1% | — |
| 1980 | 9.8% | +21.1% |
| 1981 | 7.0% | -28.4% |
| 1982 | 7.8% | +11.2% |
| 1983 | 8.4% | +7.9% |
| 1984 | 8.3% | -1.3% |
| 1985 | 9.5% | +15.2% |
| 1986 | 12.5% | +31.2% |
| 1987 | 10.9% | -12.9% |
| 1988 | 12.2% | +12.1% |
| 1989 | 10.2% | -16.8% |
| 1990 | 10.2% | +0.1% |
| 1991 | 8.6% | -15.7% |
| 1992 | 9.5% | +11.0% |
| 1993 | 10.1% | +5.6% |
| 1994 | 10.2% | +1.7% |
| 1995 | 8.8% | -14.2% |
| 1996 | 9.3% | +5.4% |
| 1997 | 8.1% | -12.3% |
| 1998 | 7.4% | -8.5% |
| 1999 | 7.5% | +0.9% |
| 2000 | 5.6% | -25.8% |
| 2001 | 5.8% | +3.6% |
| 2002 | 6.7% | +16.9% |
| 2003 | 6.2% | -7.6% |
| 2004 | 5.7% | -8.8% |
| 2005 | 5.8% | +2.0% |
| 2006 | 5.8% | +0.4% |
| 2007 | 6.0% | +2.9% |
| 2008 | 8.3% | +38.4% |
| 2009 | 5.9% | -28.6% |
| 2010 | 6.8% | +14.9% |
| 2011 | 6.5% | -4.2% |
| 2012 | 7.1% | +8.7% |
| 2013 | 7.5% | +6.0% |
| 2014 | 7.4% | -1.5% |
| 2015 | 7.3% | -1.0% |
| 2016 | 7.0% | -4.7% |
| 2017 | 6.7% | -3.0% |
| 2018 | 7.2% | +6.2% |
| 2019 | 7.2% | +0.1% |
| 2020 | 10.3% | +43.0% |
| 2021 | 10.3% | +0.2% |
| 2022 | 7.8% | -24.0% |
| 2023 | 7.6% | -3.0% |
| 2024 | 7.9% | +4.0% |
Fiji compared with similar countries
- Fiji's 7.9% is above the median for upper middle income countries, which is 6.3%, 1.3× the median. (55 countries reporting)
- Fiji's 7.9% is above the median for East Asia & Pacific, which is 5.2%, 1.5× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.1% | 8.1% | 8.1% | 1 |
| 1980s | 9.7% | 7.0% | 12.5% | 10 |
| 1990s | 9.0% | 7.4% | 10.2% | 10 |
| 2000s | 6.2% | 5.6% | 8.3% | 10 |
| 2010s | 7.1% | 6.5% | 7.5% | 10 |
| 2020s | 8.8% | 7.6% | 10.3% | 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 7.9% 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 12.5% in 1986.
- What is the lowest insurance and financial services recorded in Fiji?
- The lowest recorded value was 5.6% in 2000.
- How does Fiji rank for insurance and financial services?
- Fiji ranks 77th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Fiji?
- Over the last ten years it is up 6.8%. The long-run trend across the full record is falling.
- 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 imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 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 imports which are commercial services provided by non-residents to residents.