Insurance and financial services in Kiribati
Kiribati: Insurance and financial services was 2.6% in 2025. ▼ Falling
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 imports.
Analysis
The most recent figure for insurance and financial services in Kiribati is 2.6%, measured in 2025.
Compared with earlier readings it is up 34.0% on the previous year and down 8.7% over ten years.
Over the whole period, insurance and financial services in Kiribati peaked at 9.5% in 1994 and was at its lowest, 1.1%, in 2022.
That places Kiribati 164th out of 197 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 36 years of available data.
Insurance and financial services in Kiribati, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1979 | 6.8% | — |
| 1980 | 5.5% | -18.4% |
| 1981 | 5.7% | +3.0% |
| 1982 | 5.3% | -6.6% |
| 1983 | 5.0% | -6.8% |
| 1984 | 4.8% | -2.6% |
| 1985 | 3.7% | -24.4% |
| 1986 | 4.5% | +22.4% |
| 1987 | 6.6% | +48.8% |
| 1988 | 6.3% | -5.9% |
| 1989 | 3.8% | -40.0% |
| 1990 | 6.6% | +74.7% |
| 1991 | 8.3% | +26.2% |
| 1992 | 5.1% | -38.5% |
| 1993 | 8.7% | +71.5% |
| 1994 | 9.5% | +8.8% |
| 2006 | 9.3% | -2.4% |
| 2007 | 8.7% | -6.3% |
| 2008 | 6.3% | -27.7% |
| 2009 | 4.9% | -21.3% |
| 2010 | 6.1% | +23.5% |
| 2011 | 5.9% | -3.8% |
| 2012 | 4.5% | -22.6% |
| 2013 | 3.4% | -24.2% |
| 2014 | 3.2% | -7.9% |
| 2015 | 2.9% | -9.8% |
| 2016 | 2.8% | -3.2% |
| 2017 | 4.0% | +45.0% |
| 2018 | 6.3% | +57.9% |
| 2019 | 3.2% | -49.9% |
| 2020 | 3.1% | -3.0% |
| 2021 | 3.1% | -0.5% |
| 2022 | 1.1% | -65.0% |
| 2023 | 1.5% | +39.4% |
| 2024 | 1.9% | +30.0% |
| 2025 | 2.6% | +34.0% |
Kiribati compared with similar countries
- Kiribati's 2.6% is below the median for lower middle income countries, which is 6.5%, 40% of the median. (47 countries reporting)
- Kiribati's 2.6% is below the median for East Asia & Pacific, which is 5.2%, 50% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.8% | 6.8% | 6.8% | 1 |
| 1980s | 5.1% | 3.7% | 6.6% | 10 |
| 1990s | 7.6% | 5.1% | 9.5% | 5 |
| 2000s | 7.3% | 4.9% | 9.3% | 4 |
| 2010s | 4.2% | 2.8% | 6.3% | 10 |
| 2020s | 2.2% | 1.1% | 3.1% | 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 2.6% 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 9.5% in 1994.
- What is the lowest insurance and financial services recorded in Kiribati?
- The lowest recorded value was 1.1% in 2022.
- How does Kiribati rank for insurance and financial services?
- Kiribati ranks 164th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Kiribati?
- Over the last ten years it is down 8.7%. The long-run trend across the full record is falling.
- 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 imports). Statizoid updates them automatically from the source API.
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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 imports which are commercial services provided by non-residents to residents.