Insurance and financial services in Marshall Islands
Marshall Islands: Insurance and financial services was 0.3% in 2021. ◆ Volatile
Insurance and financial services in Marshall Islands, 2005–2021
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Marshall Islands recorded 0.3% for insurance and financial services in 2021.
Compared with earlier readings it is up 132.0% on the previous year and down 86.7% over ten years.
Over the whole period, insurance and financial services in Marshall Islands peaked at 6.5% in 2017 and was at its lowest, 0.1%, in 2019.
That places Marshall Islands 196th out of 197 countries with data for 2021, putting it 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 Marshall Islands, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2005 | 3.0% | — |
| 2006 | 3.0% | +0.2% |
| 2007 | 2.5% | -16.8% |
| 2008 | 2.6% | +4.6% |
| 2009 | 1.8% | -32.6% |
| 2010 | 2.3% | +29.5% |
| 2011 | 2.1% | -6.8% |
| 2012 | 2.0% | -4.5% |
| 2013 | 4.8% | +132.0% |
| 2014 | 4.3% | -9.3% |
| 2015 | 5.4% | +24.4% |
| 2016 | 4.9% | -9.2% |
| 2017 | 6.5% | +33.0% |
| 2018 | 6.1% | -6.4% |
| 2019 | 0.1% | -98.2% |
| 2020 | 0.1% | +11.7% |
| 2021 | 0.3% | +132.0% |
Marshall Islands compared with similar countries
- Marshall Islands's 0.3% is below the median for upper middle income countries, which is 6.3%, 5% of the median. (55 countries reporting)
- Marshall Islands's 0.3% is below the median for East Asia & Pacific, which is 5.2%, 6% of the median. (32 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Marshall Islands 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 |
|---|---|---|---|
| 2013 | +132.0% | 2.0% | 4.8% |
| 2021 | +132.0% | 0.1% | 0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.6% | 1.8% | 3.0% | 5 |
| 2010s | 3.8% | 0.1% | 6.5% | 10 |
| 2020s | 0.2% | 0.1% | 0.3% | 2 |
Countries ranked near Marshall Islands
- 193 North Macedonia 1.2% compare
- 194 Niger 1.0% compare
- 195 Faroe Islands 0.8% compare
- 197 Mauritania 0.0% compare
More private sector data for Marshall Islands
- Merchandise trade 59.4% (2025)
- Merchandise imports 111.00 million current US$ (2025)
- Merchandise exports 72.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,984 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2338 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.46 % change on previous year (2025)
- Merchandise imports (current US$), per capita 3,059 current US$ per person (2025)
- Merchandise imports (current US$), per unit of GDP 0.3604 current US$ per US$ of GDP (2025)
- Merchandise imports (current US$), annual growth rate 11 % change on previous year (2025)
- Commercial service exports (current US$), per capita 516.22 current US$ per person (2024)
Frequently asked questions
- What is insurance and financial services in Marshall Islands?
- Insurance and financial services in Marshall Islands was 0.3% in 2021, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Marshall Islands?
- The highest recorded value was 6.5% in 2017.
- What is the lowest insurance and financial services recorded in Marshall Islands?
- The lowest recorded value was 0.1% in 2019.
- How does Marshall Islands rank for insurance and financial services?
- Marshall Islands ranks 196th out of 197 countries with data for 2021.
- Is insurance and financial services rising or falling in Marshall Islands?
- Over the last ten years it is down 86.7%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands 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.