Insurance and financial services in Andorra
Andorra: Insurance and financial services was 6.5% in 2024. ▲ Rising
Insurance and financial services in Andorra, 2019–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Andorra recorded 6.5% for insurance and financial services in 2024.
Compared with earlier readings it is down 2.7% on the previous year and up 126.8% over ten years.
Andorra ranks 91st of 197 countries on this measure, in the middle of the range.
Insurance and financial services in Andorra, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2019 | 2.8% | — |
| 2020 | 5.8% | +104.1% |
| 2021 | 7.2% | +23.2% |
| 2022 | 7.1% | -0.2% |
| 2023 | 6.6% | -7.1% |
| 2024 | 6.5% | -2.7% |
Andorra compared with similar countries
- Andorra's 6.5% is above the median for high income countries, which is 6.2%, 1.0× the median. (72 countries reporting)
- Andorra's 6.5% is above the median for Europe & Central Asia, which is 5.2%, 1.2× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.8% | 2.8% | 2.8% | 1 |
| 2020s | 6.6% | 5.8% | 7.2% | 5 |
Countries ranked near Andorra
More economy & growth data for Andorra
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.28 Percent per annum (2029)
- GNI (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- Net primary income (Net income from abroad) (current LCU), annual 20.84 % change on previous year (2025)
- GNI (current US$), per capita 55,234 current US$ per person (2025)
- GNI (current LCU), annual growth rate 6.82 % change on previous year (2025)
- Net primary income (Net income from abroad) (current US$), annual 26.16 % change on previous year (2025)
- GDP (constant 2015 US$), per capita 42,320 constant 2015 US$ per person (2025)
- GNI (current LCU), per unit of GDP 0.9003 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 48,881 current LCU per person (2025)
Frequently asked questions
- What is insurance and financial services in Andorra?
- Insurance and financial services in Andorra was 6.5% 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 Andorra?
- The highest recorded value was 7.2% in 2021.
- What is the lowest insurance and financial services recorded in Andorra?
- The lowest recorded value was 2.8% in 2019.
- How does Andorra rank for insurance and financial services?
- Andorra ranks 91st out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Andorra?
- Over the last ten years it is up 126.8%. The long-run trend across the full record is rising.
- Where does this Andorra 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 — 6 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.