Insurance and financial services in Fiji
Fiji: Insurance and financial services was 0.3% in 2024. ◆ Volatile
Insurance and financial services in Fiji, 1979–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2024, insurance and financial services in Fiji stood at 0.3%.
That represents a change of up 33.7% on the previous year and down 32.0% over ten years.
Over the whole period, insurance and financial services in Fiji peaked at 14.0% in 1985 and was at its lowest, 0.0%, in 2008.
That places Fiji 171st out of 190 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Fiji, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1979 | 2.4% | — |
| 1980 | 0.7% | -69.9% |
| 1981 | 1.1% | +49.1% |
| 1982 | 0.8% | -23.7% |
| 1983 | 13.4% | +1544.4% |
| 1984 | 1.9% | -85.6% |
| 1985 | 14.0% | +626.7% |
| 1986 | 4.7% | -66.3% |
| 1987 | 1.8% | -61.2% |
| 1988 | 0.7% | -61.0% |
| 1989 | 0.8% | +8.6% |
| 1990 | 1.0% | +25.3% |
| 1991 | 0.8% | -13.6% |
| 1992 | 1.3% | +57.3% |
| 1993 | 3.2% | +140.8% |
| 1994 | 2.9% | -8.0% |
| 1995 | 1.2% | -58.6% |
| 1996 | 0.9% | -26.9% |
| 1997 | 1.8% | +104.1% |
| 1998 | 3.3% | +82.9% |
| 1999 | 0.9% | -72.2% |
| 2000 | 0.3% | -64.4% |
| 2001 | 0.4% | +13.6% |
| 2002 | 0.3% | -28.3% |
| 2003 | 0.3% | +11.6% |
| 2004 | 0.2% | -16.6% |
| 2005 | 0.2% | -35.9% |
| 2006 | 0.2% | +6.5% |
| 2007 | 0.1% | -44.5% |
| 2008 | 0.0% | -57.1% |
| 2009 | 0.1% | +26.6% |
| 2010 | 0.1% | +2.8% |
| 2011 | 0.2% | +200.7% |
| 2012 | 0.3% | +94.4% |
| 2013 | 0.4% | +16.2% |
| 2014 | 0.5% | +29.8% |
| 2015 | 0.4% | -19.1% |
| 2016 | 0.4% | -2.0% |
| 2017 | 1.0% | +163.6% |
| 2018 | 0.3% | -67.3% |
| 2019 | 0.3% | -7.3% |
| 2020 | 0.5% | +75.2% |
| 2021 | 0.4% | -17.6% |
| 2022 | 0.2% | -56.3% |
| 2023 | 0.2% | +27.6% |
| 2024 | 0.3% | +33.7% |
Fiji compared with similar countries
- Fiji's 0.3% is below the median for upper middle income countries, which is 1.8%, 18% of the median. (53 countries reporting)
- Fiji's 0.3% is below the median for East Asia & Pacific, which is 1.3%, 23% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Fiji 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 |
|---|---|---|---|
| 1983 | +1544.4% | 0.8% | 13.4% |
| 1985 | +626.7% | 1.9% | 14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.4% | 2.4% | 2.4% | 1 |
| 1980s | 4.0% | 0.7% | 14.0% | 10 |
| 1990s | 1.7% | 0.8% | 3.3% | 10 |
| 2000s | 0.2% | 0.0% | 0.4% | 10 |
| 2010s | 0.4% | 0.1% | 1.0% | 10 |
| 2020s | 0.3% | 0.2% | 0.5% | 5 |
Countries ranked near Fiji
More economy & growth data for Fiji
- Foreign direct investment, net outflows (BoP, current US$), gaps 25.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0043 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 27.54 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 203.61 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 124.81 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0341 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 219.22 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 3.71 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.2677 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 1,778 includes gold, current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Fiji?
- Insurance and financial services in Fiji was 0.3% 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 Fiji?
- The highest recorded value was 14.0% in 1985.
- What is the lowest insurance and financial services recorded in Fiji?
- The lowest recorded value was 0.0% in 2008.
- How does Fiji rank for insurance and financial services?
- Fiji ranks 171st out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Fiji?
- Over the last ten years it is down 32.0%. The long-run trend across the full record is volatile.
- Where does this Fiji 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 service exports, BoP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.