Insurance and financial services in Fiji
Fiji: Insurance and financial services was 7.8% in 2024. ▼ Falling
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 imports, BoP.
Analysis
In 2024, insurance and financial services in Fiji stood at 7.8%.
That represents a change of up 3.7% on the previous year and up 7.7% over ten years.
Over the whole period, insurance and financial services in Fiji peaked at 11.2% in 1986 and was at its lowest, 5.5%, in 2000.
That places Fiji 77th out of 197 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 46 years of available data.
Insurance and financial services in Fiji, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1979 | 7.6% | — |
| 1980 | 8.9% | +16.8% |
| 1981 | 5.8% | -34.7% |
| 1982 | 6.4% | +10.0% |
| 1983 | 7.2% | +12.4% |
| 1984 | 7.1% | -1.8% |
| 1985 | 8.4% | +18.7% |
| 1986 | 11.2% | +33.1% |
| 1987 | 10.2% | -9.2% |
| 1988 | 11.2% | +9.9% |
| 1989 | 9.3% | -17.2% |
| 1990 | 9.5% | +2.3% |
| 1991 | 7.7% | -18.3% |
| 1992 | 8.7% | +12.8% |
| 1993 | 9.3% | +6.3% |
| 1994 | 9.6% | +3.7% |
| 1995 | 8.2% | -15.0% |
| 1996 | 8.7% | +6.3% |
| 1997 | 7.6% | -12.1% |
| 1998 | 7.0% | -8.6% |
| 1999 | 7.0% | +0.4% |
| 2000 | 5.5% | -22.1% |
| 2001 | 5.7% | +3.7% |
| 2002 | 6.7% | +17.6% |
| 2003 | 6.2% | -7.1% |
| 2004 | 5.6% | -8.7% |
| 2005 | 5.8% | +2.0% |
| 2006 | 5.7% | -0.3% |
| 2007 | 5.9% | +3.3% |
| 2008 | 8.2% | +38.7% |
| 2009 | 5.9% | -28.8% |
| 2010 | 6.7% | +14.5% |
| 2011 | 6.4% | -4.1% |
| 2012 | 6.9% | +7.4% |
| 2013 | 7.3% | +5.9% |
| 2014 | 7.2% | -1.7% |
| 2015 | 7.0% | -2.6% |
| 2016 | 6.8% | -3.5% |
| 2017 | 6.6% | -2.5% |
| 2018 | 7.0% | +6.5% |
| 2019 | 7.0% | +0.1% |
| 2020 | 10.0% | +41.7% |
| 2021 | 10.1% | +1.0% |
| 2022 | 7.7% | -23.4% |
| 2023 | 7.5% | -3.1% |
| 2024 | 7.8% | +3.7% |
Fiji compared with similar countries
- Fiji's 7.8% is above the median for upper middle income countries, which is 6.2%, 1.3× the median. (55 countries reporting)
- Fiji's 7.8% is above the median for East Asia & Pacific, which is 4.9%, 1.6× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.6% | 7.6% | 7.6% | 1 |
| 1980s | 8.6% | 5.8% | 11.2% | 10 |
| 1990s | 8.3% | 7.0% | 9.6% | 10 |
| 2000s | 6.1% | 5.5% | 8.2% | 10 |
| 2010s | 6.9% | 6.4% | 7.3% | 10 |
| 2020s | 8.6% | 7.5% | 10.1% | 5 |
Countries ranked near Fiji
- 74 Central African Republic 7.9% compare
- 75 Tanzania, United Republic of 7.8% compare
- 76 Zambia 7.8% compare
- 78 Georgia 7.7% compare
- 79 Saint Lucia 7.4% compare
- 80 Thailand 7.1% compare
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 7.8% 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 11.2% in 1986.
- What is the lowest insurance and financial services recorded in Fiji?
- The lowest recorded value was 5.5% in 2000.
- How does Fiji rank for insurance and financial services?
- Fiji ranks 77th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Fiji?
- Over the last ten years it is up 7.7%. The long-run trend across the full record is falling.
- 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 imports, BoP). Statizoid updates them automatically from the source API.
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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 imports which are services provided by non-residents to residents.