Marshall Islands's insurance and financial services (% of service imports, BoP) was 0.26% in 2021, the latest year in the World Bank's World Development Indicators. That is down 1.85 percentage points from 2.11% in 2011.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 0.26% | 2021 |
| Five years earlier | 4.72% | 2016 |
| Ten years earlier | 2.11% | 2011 |
| Highest | 6.11% | 2017 |
| Lowest | 0.1% | 2019 |
| Average since 2012 | 3.31% | 2012–2021 |
| First recorded | 2.95% | 2005 |
What the numbers say
In 2021, Marshall Islands' insurance and financial services (% of service imports, BoP) rose 0.15 percentage points on 2020 (from 0.11% to 0.26%).
Across the 15 yearly changes before that (2006 to 2020), the average change was −0.19 percentage points and a typical year strayed about 1.73 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 2.66 percentage points in 2013 and the biggest yearly fall was 5.53 percentage points in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 there is no clear straight-line trend: a straight line explains 25% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Marshall Islands | 0.26% | 2021 |
| World | 9.53% | 2025 |
| East Asia & Pacific | 6.33% | 2025 |
| Upper middle income | 5.81% | 2025 |
Closest to Marshall Islands in the 2021 ranking
- Belarus — 1st of 3: 3.82%
- Congo, Rep. — 2nd of 3: 2.05%
What this measures
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.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 17 values
| Year | Insurance and financial services (% of service imports, BoP) |
|---|---|
| 2021 | 0.2586 |
| 2020 | 0.1115 |
| 2019 | 0.1011 |
| 2018 | 5.63 |
| 2017 | 6.11 |
| 2016 | 4.72 |
| 2015 | 5.27 |
| 2014 | 4.24 |
| 2013 | 4.68 |
| 2012 | 2.01 |
| 2011 |
Insurance and financial services (% of service imports, BoP) in nearby economies
- Australia — 2.42% (2025)
- Brunei Darussalam — 2.28% (2025)
- Cambodia — 8.84% (2025)
- China — 3.04% (2025)
- Fiji — 7.75% (2024)
- French Polynesia — 5.18% (2016)
- Hong Kong SAR, China — 12.62% (2025)
- Indonesia — 9.51% (2025)
- Japan — 12.71% (2025)
More economic policy & debt data for Marshall Islands
- GDP (current US$) — US$308 million (2025)
- GDP (current LCU) — 308 million (2025)
- GDP (constant 2015 US$) — US$224 million (2025)
- GDP (constant LCU) — 224 million (2025)
- GDP per capita (current US$) — US$8,489 (2025)
- GDP per capita (current LCU) — 8,489 (2025)
- GDP per capita (constant 2015 US$) — US$6,174 (2025)
- GDP per capita (constant LCU) — 6,174 (2025)
- GNI (current US$) — US$364 million (2025)
- GNI (current LCU) — 364 million (2025)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Marshall Islands's insurance and financial services (% of service imports, BoP)?
- 0.26% in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is down 2.69 percentage points from 2.95% in 2005. The highest value was 6.11% in 2017 and the lowest 0.1% in 2019.
- Is the latest change in insurance and financial services (% of service imports, BoP) unusual for Marshall Islands?
- In 2021, Marshall Islands' insurance and financial services (% of service imports, BoP) rose 0.15 percentage points on 2020 (from 0.11% to 0.26%). Across the 15 yearly changes before that (2006 to 2020), the average change was −0.19 percentage points and a typical year strayed about 1.73 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BM.GSR.INSF.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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