Insurance and financial services in Micronesia, Federated States of
Micronesia, Federated States of: Insurance and financial services was 2.8% in 2014. ▲ Rising
Insurance and financial services in Micronesia, Federated States of, 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, Federated States of stood at 2.8%.
The figure is up 6.3% on the previous year and up 22.6% over ten years.
That places Micronesia, Federated States of 160th out of 197 countries with data for 2014, putting it in the bottom quarter.
Insurance and financial services in Micronesia, Federated States of, 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, Federated States of compared with similar countries
- Micronesia, Federated States of's 2.8% is below the median for upper middle income countries, which is 6.3%, 44% of the median. (55 countries reporting)
- Micronesia, Federated States of'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, Federated States of
More private sector data for Micronesia, Federated States of
- Merchandise trade 83.5% (2025)
- Food imports 27.8% (2013)
- Manufactures imports 36.1% (2013)
- Merchandise imports 310.00 million current US$ (2025)
- Food exports 99.2% (2013)
- Manufactures exports 0.5% (2013)
- Merchandise exports 109.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 958.81 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2172 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -41.08 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Micronesia, Federated States of?
- Insurance and financial services in Micronesia, Federated States of 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, Federated States of?
- The highest recorded value was 3.1% in 2012.
- What is the lowest insurance and financial services recorded in Micronesia, Federated States of?
- The lowest recorded value was 2.3% in 2009.
- How does Micronesia, Federated States of rank for insurance and financial services?
- Micronesia, Federated States of ranks 160th out of 197 countries with data for 2014.
- Is insurance and financial services rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 22.6%. The long-run trend across the full record is rising.
- Where does this Micronesia, Federated States of 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.