Insurance and financial services in Vanuatu
Vanuatu: Insurance and financial services was 4.8% in 2022. ▬ Flat
Insurance and financial services in Vanuatu, 1982–2022
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Vanuatu recorded 4.8% for insurance and financial services in 2022.
That represents a change of up 3.3% on the previous year and down 54.3% over ten years.
Over the whole period, insurance and financial services in Vanuatu peaked at 12.2% in 2001 and was at its lowest, 2.9%, in 2002.
Vanuatu ranks 119th of 197 countries on this measure, in the middle of the range.
Insurance and financial services in Vanuatu, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1982 | 6.0% | — |
| 1983 | 5.4% | -9.5% |
| 1984 | 5.1% | -5.7% |
| 1985 | 5.1% | -0.2% |
| 1986 | 5.9% | +15.7% |
| 1987 | 7.3% | +23.6% |
| 1988 | 6.5% | -10.5% |
| 1989 | 6.0% | -7.1% |
| 1990 | 6.6% | +9.5% |
| 1991 | 5.5% | -17.4% |
| 1992 | 5.0% | -9.0% |
| 1993 | 4.4% | -10.8% |
| 1994 | 4.9% | +10.2% |
| 1995 | 4.8% | -1.5% |
| 1996 | 4.4% | -7.4% |
| 1997 | 3.8% | -14.8% |
| 1998 | 10.4% | +174.4% |
| 1999 | 7.0% | -32.5% |
| 2000 | 11.9% | +70.2% |
| 2001 | 12.2% | +1.7% |
| 2002 | 2.9% | -76.0% |
| 2003 | 3.3% | +13.8% |
| 2004 | 3.9% | +17.4% |
| 2005 | 5.3% | +35.1% |
| 2006 | 5.8% | +10.2% |
| 2007 | 7.0% | +21.3% |
| 2008 | 5.2% | -26.3% |
| 2009 | 7.8% | +50.9% |
| 2010 | 6.6% | -16.1% |
| 2011 | 9.0% | +36.9% |
| 2012 | 10.5% | +16.3% |
| 2013 | 10.3% | -1.3% |
| 2014 | 5.5% | -47.1% |
| 2015 | 3.4% | -38.4% |
| 2016 | 3.0% | -9.4% |
| 2017 | 6.4% | +110.2% |
| 2018 | 5.9% | -7.2% |
| 2019 | 3.7% | -37.1% |
| 2020 | 4.2% | +12.6% |
| 2021 | 4.6% | +9.9% |
| 2022 | 4.8% | +3.3% |
Vanuatu compared with similar countries
- Vanuatu's 4.8% is below the median for lower middle income countries, which is 6.5%, 73% of the median. (47 countries reporting)
- Vanuatu's 4.8% is below the median for East Asia & Pacific, which is 5.2%, 92% of the median. (32 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Vanuatu 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 |
|---|---|---|---|
| 1998 | +174.4% | 3.8% | 10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.9% | 5.1% | 7.3% | 8 |
| 1990s | 5.7% | 3.8% | 10.4% | 10 |
| 2000s | 6.5% | 2.9% | 12.2% | 10 |
| 2010s | 6.4% | 3.0% | 10.5% | 10 |
| 2020s | 4.5% | 4.2% | 4.8% | 3 |
Countries ranked near Vanuatu
- 116 French Polynesia 5.2% compare
- 117 Poland 5.2% compare
- 118 Bosnia and Herzegovina 4.8% compare
- 120 Switzerland 4.8% compare
- 121 Hungary 4.6% compare
- 122 New Caledonia 4.5% compare
More private sector data for Vanuatu
- Merchandise trade 43.8% (2025)
- Food imports 25.0% (2011)
- Manufactures imports 52.3% (2011)
- Merchandise imports 515.00 million current US$ (2025)
- Food exports 85.3% (2011)
- Manufactures exports 8.2% (2011)
- Merchandise exports 78.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 232.72 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0576 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 4 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Vanuatu?
- Insurance and financial services in Vanuatu was 4.8% in 2022, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Vanuatu?
- The highest recorded value was 12.2% in 2001.
- What is the lowest insurance and financial services recorded in Vanuatu?
- The lowest recorded value was 2.9% in 2002.
- How does Vanuatu rank for insurance and financial services?
- Vanuatu ranks 119th out of 197 countries with data for 2022.
- Is insurance and financial services rising or falling in Vanuatu?
- Over the last ten years it is down 54.3%. The long-run trend across the full record is flat.
- Where does this Vanuatu 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.