Insurance and financial services in Micronesia, Federated States of
Micronesia, Federated States of: Insurance and financial services was 2.7% in 2014. ▲ Rising
Insurance and financial services in Micronesia, Federated States of, 2009–2014
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
The most recent figure for insurance and financial services in Micronesia, Federated States of is 2.7%, measured in 2014.
That represents a change of up 5.8% on the previous year and up 22.3% over ten years.
That places Micronesia, Federated States of 161st out of 197 countries with data for 2014, putting it in the bottom quarter.
Insurance and financial services in Micronesia, Federated States of, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2009 | 2.2% | — |
| 2010 | 2.7% | +24.1% |
| 2011 | 2.5% | -6.7% |
| 2012 | 2.9% | +16.2% |
| 2013 | 2.5% | -14.1% |
| 2014 | 2.7% | +5.8% |
Micronesia, Federated States of compared with similar countries
- Micronesia, Federated States of's 2.7% is below the median for upper middle income countries, which is 6.2%, 43% of the median. (55 countries reporting)
- Micronesia, Federated States of's 2.7% is below the median for East Asia & Pacific, which is 4.9%, 54% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.2% | 2.2% | 2.2% | 1 |
| 2010s | 2.7% | 2.5% | 2.9% | 5 |
Countries ranked near Micronesia, Federated States of
More economy & growth data for Micronesia, Federated States of
- Manufacturing, value added (constant 2015 US$), per capita 17.31 constant 2015 US$ per person (2025)
- Industry (including construction), value added (current LCU), per 232.87 current LCU per person (2025)
- Industry (including construction), value added (current LCU), per 0.0528 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), annual 12.46 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 232.87 current US$ per person (2025)
- Industry (including construction), value added (current US$), per 0.0528 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), annual 12.46 % change on previous year (2025)
- Manufacturing, value added (constant LCU), per capita 11.8 constant LCU per person (2025)
- Manufacturing, value added (current US$), per unit of GDP 0.0048 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 21.22 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Micronesia, Federated States of?
- Insurance and financial services in Micronesia, Federated States of was 2.7% in 2014, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Micronesia, Federated States of?
- The highest recorded value was 2.9% in 2012.
- What is the lowest insurance and financial services recorded in Micronesia, Federated States of?
- The lowest recorded value was 2.2% in 2009.
- How does Micronesia, Federated States of rank for insurance and financial services?
- Micronesia, Federated States of ranks 161st out of 197 countries with data for 2014.
- Is insurance and financial services rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 22.3%. The long-run trend across the full record is rising.
- Where does this Micronesia, Federated States of 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.