Insurance and financial services in Tuvalu
Tuvalu: Insurance and financial services was 5.2% in 2023. ◆ Volatile
Insurance and financial services in Tuvalu, 2001–2023
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 Tuvalu is 5.2%, measured in 2023.
That represents a change of up 22.2% on the previous year and down 7.0% over ten years.
Over the whole period, insurance and financial services in Tuvalu peaked at 6.1% in 2021 and was at its lowest, 0.5%, in 2004.
That places Tuvalu 115th out of 197 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Tuvalu, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2001 | 1.5% | — |
| 2002 | 1.1% | -22.5% |
| 2003 | 1.1% | -7.4% |
| 2004 | 0.5% | -48.7% |
| 2005 | 1.0% | +83.6% |
| 2006 | 1.2% | +19.6% |
| 2007 | 0.8% | -32.8% |
| 2008 | 0.6% | -20.5% |
| 2009 | 0.7% | +12.2% |
| 2010 | 0.7% | -5.3% |
| 2011 | 0.6% | -10.6% |
| 2012 | 0.6% | -8.9% |
| 2013 | 5.6% | +911.0% |
| 2014 | 4.7% | -15.3% |
| 2015 | 5.1% | +7.9% |
| 2016 | 3.5% | -31.7% |
| 2017 | 3.7% | +5.1% |
| 2018 | 3.4% | -8.2% |
| 2019 | 3.2% | -5.9% |
| 2020 | 5.1% | +59.4% |
| 2021 | 6.1% | +20.6% |
| 2022 | 4.3% | -30.2% |
| 2023 | 5.2% | +22.2% |
Tuvalu compared with similar countries
- Tuvalu's 5.2% is below the median for upper middle income countries, which is 6.3%, 83% of the median. (55 countries reporting)
- Tuvalu's 5.2% is above the median for East Asia & Pacific, which is 5.2%, 1.0× the median. (32 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Tuvalu 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 | +911.0% | 0.6% | 5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.0% | 0.5% | 1.5% | 9 |
| 2010s | 3.1% | 0.6% | 5.6% | 10 |
| 2020s | 5.2% | 4.3% | 6.1% | 4 |
Countries ranked near Tuvalu
More private sector data for Tuvalu
- Merchandise trade 47.1% (2025)
- Food imports 21.5% (2008)
- Manufactures imports 15.5% (2008)
- Merchandise imports 27.00 million current US$ (2025)
- Food exports 3.2% (2004)
- Manufactures exports 39.6% (2005)
- Merchandise exports 0 current US$ (2025)
- Merchandise exports (current US$), per capita 0 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0 current US$ per US$ of GDP (2025)
- Merchandise imports (current US$), per capita 2,844 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Tuvalu?
- Insurance and financial services in Tuvalu was 5.2% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Tuvalu?
- The highest recorded value was 6.1% in 2021.
- What is the lowest insurance and financial services recorded in Tuvalu?
- The lowest recorded value was 0.5% in 2004.
- How does Tuvalu rank for insurance and financial services?
- Tuvalu ranks 115th out of 197 countries with data for 2023.
- Is insurance and financial services rising or falling in Tuvalu?
- Over the last ten years it is down 7.0%. The long-run trend across the full record is volatile.
- Where does this Tuvalu 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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CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.