Insurance and financial services in Kiribati
Kiribati: Insurance and financial services was 10.9% in 2025. ◆ Volatile
Insurance and financial services in Kiribati, 1979–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Kiribati recorded 10.9% for insurance and financial services in 2025.
Compared with earlier readings it is up 290.2% on the previous year and up 2.5% over ten years.
Over the whole period, insurance and financial services in Kiribati peaked at 37.1% in 2008 and was at its lowest, 0.4%, in 1985.
That places Kiribati 25th out of 190 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Kiribati, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1979 | 0.9% | — |
| 1980 | 0.6% | -35.8% |
| 1981 | 0.7% | +12.2% |
| 1982 | 1.1% | +59.3% |
| 1983 | 1.0% | -4.4% |
| 1984 | 0.7% | -26.1% |
| 1985 | 0.4% | -44.6% |
| 1986 | 1.3% | +222.2% |
| 1987 | 1.6% | +17.1% |
| 1988 | 2.1% | +37.3% |
| 1989 | 1.9% | -9.4% |
| 1990 | 1.6% | -17.8% |
| 1991 | 1.1% | -33.1% |
| 1992 | 1.0% | -4.1% |
| 1993 | 1.5% | +45.6% |
| 1994 | 1.2% | -16.0% |
| 2006 | 34.3% | +2648.3% |
| 2007 | 29.8% | -13.1% |
| 2008 | 37.1% | +24.3% |
| 2009 | 26.5% | -28.4% |
| 2010 | 25.0% | -5.9% |
| 2011 | 19.8% | -20.9% |
| 2012 | 21.8% | +10.1% |
| 2013 | 11.6% | -46.5% |
| 2014 | 10.9% | -6.0% |
| 2015 | 10.6% | -3.2% |
| 2016 | 6.3% | -40.9% |
| 2017 | 10.2% | +62.4% |
| 2018 | 2.4% | -76.8% |
| 2019 | 10.7% | +352.3% |
| 2020 | 5.0% | -53.0% |
| 2021 | 30.8% | +514.6% |
| 2022 | 3.4% | -89.1% |
| 2023 | 4.0% | +19.0% |
| 2024 | 2.8% | -30.6% |
| 2025 | 10.9% | +290.2% |
Kiribati compared with similar countries
- Kiribati's 10.9% is above the median for lower middle income countries, which is 1.6%, 6.6× the median. (46 countries reporting)
- Kiribati's 10.9% is above the median for East Asia & Pacific, which is 1.3%, 8.0× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Kiribati 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 |
|---|---|---|---|
| 2006 | +2648.3% | 1.2% | 34.3% |
| 2021 | +514.6% | 5.0% | 30.8% |
| 2019 | +352.3% | 2.4% | 10.7% |
| 2025 | +290.2% | 2.8% | 10.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.9% | 0.9% | 0.9% | 1 |
| 1980s | 1.1% | 0.4% | 2.1% | 10 |
| 1990s | 1.3% | 1.0% | 1.6% | 5 |
| 2000s | 32.0% | 26.5% | 37.1% | 4 |
| 2010s | 12.9% | 2.4% | 25.0% | 10 |
| 2020s | 9.5% | 2.8% | 30.8% | 6 |
Countries ranked near Kiribati
More economy & growth data for Kiribati
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6343 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.11 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 16,114 BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.1181 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.16 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -48.46 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0119 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 30.49 BoP, current US$ per person (2025)
- General government final consumption expenditure (current US$) 8.03 % change on previous year (2024)
Frequently asked questions
- What is insurance and financial services in Kiribati?
- Insurance and financial services in Kiribati was 10.9% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Kiribati?
- The highest recorded value was 37.1% in 2008.
- What is the lowest insurance and financial services recorded in Kiribati?
- The lowest recorded value was 0.4% in 1985.
- How does Kiribati rank for insurance and financial services?
- Kiribati ranks 25th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Kiribati?
- Over the last ten years it is up 2.5%. The long-run trend across the full record is volatile.
- Where does this Kiribati 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.