Insurance and financial services in Kiribati
Kiribati: Insurance and financial services was 2.1% in 2025. ▼ Falling
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 imports, BoP.
Analysis
Kiribati recorded 2.1% for insurance and financial services in 2025.
The figure is up 36.4% on the previous year and down 12.1% over ten years.
Over the whole period, insurance and financial services in Kiribati peaked at 8.7% in 1994 and was at its lowest, 0.7%, in 2022.
That places Kiribati 172nd out of 197 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 36 years of available data.
Insurance and financial services in Kiribati, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1979 | 6.8% | — |
| 1980 | 5.5% | -18.4% |
| 1981 | 5.7% | +3.0% |
| 1982 | 5.3% | -6.6% |
| 1983 | 5.0% | -6.8% |
| 1984 | 4.8% | -2.6% |
| 1985 | 3.3% | -31.5% |
| 1986 | 3.9% | +19.0% |
| 1987 | 6.0% | +51.1% |
| 1988 | 5.3% | -11.4% |
| 1989 | 3.0% | -42.5% |
| 1990 | 5.8% | +89.9% |
| 1991 | 6.5% | +12.4% |
| 1992 | 4.3% | -33.3% |
| 1993 | 7.2% | +67.0% |
| 1994 | 8.7% | +20.8% |
| 2006 | 7.1% | -18.5% |
| 2007 | 6.9% | -2.6% |
| 2008 | 5.1% | -26.1% |
| 2009 | 4.0% | -21.0% |
| 2010 | 5.0% | +23.3% |
| 2011 | 4.7% | -6.6% |
| 2012 | 3.5% | -25.6% |
| 2013 | 3.1% | -11.2% |
| 2014 | 2.9% | -7.1% |
| 2015 | 2.4% | -16.3% |
| 2016 | 2.3% | -5.3% |
| 2017 | 3.0% | +34.1% |
| 2018 | 5.0% | +66.1% |
| 2019 | 2.5% | -50.8% |
| 2020 | 2.1% | -16.9% |
| 2021 | 2.0% | -4.4% |
| 2022 | 0.7% | -62.2% |
| 2023 | 1.1% | +48.5% |
| 2024 | 1.5% | +39.3% |
| 2025 | 2.1% | +36.4% |
Kiribati compared with similar countries
- Kiribati's 2.1% is below the median for lower middle income countries, which is 6.5%, 33% of the median. (47 countries reporting)
- Kiribati's 2.1% is below the median for East Asia & Pacific, which is 4.9%, 43% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.8% | 6.8% | 6.8% | 1 |
| 1980s | 4.8% | 3.0% | 6.0% | 10 |
| 1990s | 6.5% | 4.3% | 8.7% | 5 |
| 2000s | 5.8% | 4.0% | 7.1% | 4 |
| 2010s | 3.4% | 2.3% | 5.0% | 10 |
| 2020s | 1.6% | 0.7% | 2.1% | 6 |
Countries ranked near Kiribati
- 169 Brunei Darussalam 2.3% compare
- 170 Suriname 2.2% compare
- 171 Estonia 2.2% compare
- 173 Papua New Guinea 2.1% compare
- 174 Lao People's Democratic Republic 2.1% compare
- 175 Botswana 2.1% compare
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 2.1% 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 8.7% in 1994.
- What is the lowest insurance and financial services recorded in Kiribati?
- The lowest recorded value was 0.7% in 2022.
- How does Kiribati rank for insurance and financial services?
- Kiribati ranks 172nd out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Kiribati?
- Over the last ten years it is down 12.1%. The long-run trend across the full record is falling.
- 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 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.