Insurance and financial services (% of commercial service imports) in Nauru
Nauru: Insurance and financial services (% of commercial service imports) was 2.2% in 2024. ◆ Volatile
Insurance and financial services in Nauru, 2008–2024
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 Nauru stood at 2.2%.
Compared with earlier readings it is down 41.1% on the previous year and up 213.6% over ten years.
Over the whole period, insurance and financial services in Nauru peaked at 3.8% in 2022 and was at its lowest, 0.7%, in 2016.
Nauru ranks 170th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services (% of commercial service imports) in Nauru, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2008 | 2.4% | — |
| 2009 | 1.8% | -25.5% |
| 2010 | 1.8% | +3.7% |
| 2011 | 1.2% | -34.7% |
| 2012 | 1.2% | +5.1% |
| 2013 | 1.0% | -20.0% |
| 2014 | 0.7% | -30.0% |
| 2015 | 0.9% | +31.1% |
| 2016 | 0.7% | -27.7% |
| 2017 | 0.7% | +9.2% |
| 2018 | 2.2% | +203.7% |
| 2019 | 3.4% | +52.8% |
| 2020 | 3.7% | +8.9% |
| 2021 | 3.7% | +2.3% |
| 2022 | 3.8% | +2.4% |
| 2023 | 3.7% | -2.7% |
| 2024 | 2.2% | -41.1% |
Nauru compared with similar countries
- Nauru's 2.2% is below the median for high income countries, which is 6.4%, 34% of the median. (72 countries reporting)
- Nauru's 2.2% is below the median for East Asia & Pacific, which is 5.2%, 42% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.1% | 1.8% | 2.4% | 2 |
| 2010s | 1.4% | 0.7% | 3.4% | 10 |
| 2020s | 3.4% | 2.2% | 3.8% | 5 |
Countries ranked near Nauru
More private sector data for Nauru
- Merchandise trade 55.7% (2025)
- Merchandise imports 67.00 million current US$ (2025)
- Commercial service imports 81.58 million current US$ (2024)
- Merchandise exports 31.00 million current US$ (2025)
- Commercial service exports 16.32 million current US$ (2024)
- Merchandise exports (current US$), per capita 2,578 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1761 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -8.82 % change on previous year (2025)
- Merchandise imports (current US$), per capita 5,572 current US$ per person (2025)
- Merchandise imports (current US$), per unit of GDP 0.3806 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is insurance and financial services in Nauru?
- Insurance and financial services in Nauru was 2.2% 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 Nauru?
- The highest recorded value was 3.8% in 2022.
- What is the lowest insurance and financial services recorded in Nauru?
- The lowest recorded value was 0.7% in 2016.
- How does Nauru rank for insurance and financial services?
- Nauru ranks 170th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Nauru?
- Over the last ten years it is up 213.6%. The long-run trend across the full record is volatile.
- Where does this Nauru 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.