Insurance and financial services in Montenegro
Montenegro: Insurance and financial services was 1.6% in 2025. ◆ Volatile
Insurance and financial services in Montenegro, 2007–2025
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 Montenegro is 1.6%, measured in 2025.
That represents a change of down 11.4% on the previous year and down 9.6% over ten years.
Over the whole period, insurance and financial services in Montenegro peaked at 7.3% in 2007 and was at its lowest, 1.2%, in 2017.
Montenegro ranks 184th of 197 countries on this measure, 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 Montenegro, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2007 | 7.3% | — |
| 2008 | 4.0% | -46.0% |
| 2009 | 5.2% | +31.9% |
| 2010 | 1.4% | -73.5% |
| 2011 | 1.8% | +29.8% |
| 2012 | 1.4% | -22.6% |
| 2013 | 1.3% | -6.8% |
| 2014 | 1.5% | +12.5% |
| 2015 | 1.7% | +20.0% |
| 2016 | 1.3% | -28.2% |
| 2017 | 1.2% | -5.6% |
| 2018 | 1.5% | +24.4% |
| 2019 | 2.5% | +72.1% |
| 2020 | 3.6% | +43.2% |
| 2021 | 2.5% | -29.9% |
| 2022 | 1.6% | -36.2% |
| 2023 | 1.2% | -26.3% |
| 2024 | 1.8% | +49.2% |
| 2025 | 1.6% | -11.4% |
Montenegro compared with similar countries
- Montenegro's 1.6% is below the median for upper middle income countries, which is 6.2%, 26% of the median. (55 countries reporting)
- Montenegro's 1.6% is below the median for Europe & Central Asia, which is 5.2%, 31% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.5% | 4.0% | 7.3% | 3 |
| 2010s | 1.6% | 1.2% | 2.5% | 10 |
| 2020s | 2.1% | 1.2% | 3.6% | 6 |
Countries ranked near Montenegro
More economy & growth data for Montenegro
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 75.12 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0081 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 120.56 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 676.19 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 12.81 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0732 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,085 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 26.12 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Montenegro?
- Insurance and financial services in Montenegro was 1.6% 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 Montenegro?
- The highest recorded value was 7.3% in 2007.
- What is the lowest insurance and financial services recorded in Montenegro?
- The lowest recorded value was 1.2% in 2017.
- How does Montenegro rank for insurance and financial services?
- Montenegro ranks 184th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Montenegro?
- Over the last ten years it is down 9.6%. The long-run trend across the full record is volatile.
- Where does this Montenegro 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.