Insurance and financial services (% of commercial service imports) in Micronesia (country)
Micronesia (country): Insurance and financial services (% of commercial service imports) was 2.8% in 2014. ▲ Rising
Insurance and financial services in Micronesia (country), 2009–2014
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
In 2014, insurance and financial services in Micronesia (country) stood at 2.8%.
The figure is up 6.3% on the previous year and up 22.6% over ten years.
That places Micronesia (country) 156th out of 197 countries with data for 2014, putting it in the bottom quarter.
Insurance and financial services (% of commercial service imports) in Micronesia (country), year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2009 | 2.3% | — |
| 2010 | 2.8% | +24.8% |
| 2011 | 2.6% | -7.1% |
| 2012 | 3.1% | +16.0% |
| 2013 | 2.6% | -14.1% |
| 2014 | 2.8% | +6.3% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 2.8% is below the median for upper middle income countries, which is 6.4%, 44% of the median. (55 countries reporting)
- Micronesia (country)'s 2.8% is below the median for East Asia & Pacific, which is 5.2%, 54% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.3% | 2.3% | 2.3% | 1 |
| 2010s | 2.8% | 2.6% | 3.1% | 5 |
Countries ranked near Micronesia (country)
More private sector data for Micronesia (country)
- Merchandise trade 83.5% (2025)
- Food imports 27.8% (2013)
- Manufactures imports 36.1% (2013)
- Merchandise imports 310.00 million current US$ (2025)
- Commercial service imports 73.61 million current US$ (2014)
- Food exports 99.2% (2013)
- Manufactures exports 0.5% (2013)
- Merchandise exports 109.00 million current US$ (2025)
- Commercial service exports 33.42 million current US$ (2014)
- Merchandise exports (current US$), per capita 958.81 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Micronesia (country)?
- Insurance and financial services in Micronesia (country) was 2.8% in 2014, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Micronesia (country)?
- The highest recorded value was 3.1% in 2012.
- What is the lowest insurance and financial services recorded in Micronesia (country)?
- The lowest recorded value was 2.3% in 2009.
- How does Micronesia (country) rank for insurance and financial services?
- Micronesia (country) ranks 156th out of 197 countries with data for 2014.
- Is insurance and financial services rising or falling in Micronesia (country)?
- Over the last ten years it is up 22.6%. The long-run trend across the full record is rising.
- Where does this Micronesia (country) 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.