Insurance and financial services in Albania
Albania: Insurance and financial services was 3.2% in 2025. ◆ Volatile
Insurance and financial services in Albania, 1980–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2025, insurance and financial services in Albania stood at 3.2%.
The figure is down 8.6% on the previous year and up 2.4% over ten years.
Over the whole period, insurance and financial services in Albania peaked at 20.3% in 1998 and was at its lowest, 1.5%, in 2014.
That places Albania 150th out of 197 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Albania, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1980 | 4.9% | — |
| 1981 | 4.5% | -6.6% |
| 1982 | 4.9% | +7.7% |
| 1983 | 4.8% | -0.9% |
| 1984 | 4.0% | -17.8% |
| 1985 | 3.1% | -22.8% |
| 1986 | 3.7% | +20.6% |
| 1987 | 3.0% | -20.4% |
| 1988 | 3.9% | +30.7% |
| 1989 | 3.7% | -5.2% |
| 1990 | 2.9% | -20.1% |
| 1991 | 1.7% | -42.6% |
| 1992 | 4.2% | +153.0% |
| 1993 | 2.7% | -35.8% |
| 1994 | 3.3% | +19.7% |
| 1995 | 13.9% | +325.3% |
| 1996 | 15.9% | +15.0% |
| 1997 | 18.5% | +15.9% |
| 1998 | 20.3% | +9.6% |
| 1999 | 18.6% | -8.0% |
| 2000 | 7.9% | -57.4% |
| 2001 | 9.7% | +22.5% |
| 2002 | 8.5% | -12.2% |
| 2003 | 3.3% | -61.5% |
| 2004 | 3.0% | -9.3% |
| 2005 | 3.5% | +16.2% |
| 2006 | 3.6% | +2.8% |
| 2007 | 4.7% | +32.0% |
| 2008 | 6.3% | +34.3% |
| 2009 | 4.8% | -23.6% |
| 2010 | 4.6% | -5.1% |
| 2011 | 4.7% | +3.0% |
| 2012 | 5.4% | +13.6% |
| 2013 | 1.5% | -71.2% |
| 2014 | 1.5% | -1.7% |
| 2015 | 3.2% | +108.5% |
| 2016 | 2.1% | -32.3% |
| 2017 | 2.4% | +10.8% |
| 2018 | 2.6% | +10.5% |
| 2019 | 2.3% | -12.8% |
| 2020 | 3.1% | +36.7% |
| 2021 | 3.5% | +11.1% |
| 2022 | 3.3% | -6.1% |
| 2023 | 4.2% | +30.3% |
| 2024 | 3.5% | -16.5% |
| 2025 | 3.2% | -8.6% |
Albania compared with similar countries
- Albania's 3.2% is below the median for upper middle income countries, which is 6.2%, 52% of the median. (55 countries reporting)
- Albania's 3.2% is below the median for Europe & Central Asia, which is 5.2%, 63% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Albania 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 |
|---|---|---|---|
| 1995 | +325.3% | 3.3% | 13.9% |
| 1992 | +153.0% | 1.7% | 4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.0% | 3.0% | 4.9% | 10 |
| 1990s | 10.2% | 1.7% | 20.3% | 10 |
| 2000s | 5.5% | 3.0% | 9.7% | 10 |
| 2010s | 3.0% | 1.5% | 5.4% | 10 |
| 2020s | 3.5% | 3.1% | 4.2% | 6 |
Countries ranked near Albania
More economy & growth data for Albania
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.74 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.47 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 341.64 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0112 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 145.41 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.85 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 8.27 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0606 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 788.1 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 32.02 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Albania?
- Insurance and financial services in Albania was 3.2% 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 Albania?
- The highest recorded value was 20.3% in 1998.
- What is the lowest insurance and financial services recorded in Albania?
- The lowest recorded value was 1.5% in 2014.
- How does Albania rank for insurance and financial services?
- Albania ranks 150th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Albania?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is volatile.
- Where does this Albania 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.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.