Insurance and financial services in Algeria
Algeria: Insurance and financial services was 10.8% in 2024. ▲ Rising
Insurance and financial services in Algeria, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Algeria recorded 10.8% for insurance and financial services in 2024.
Compared with earlier readings it is up 2.7% on the previous year and up 15.4% over ten years.
Over the whole period, insurance and financial services in Algeria peaked at 21.4% in 2005 and was at its lowest, 4.4%, in 2006.
Algeria ranks 31st of 190 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Insurance and financial services in Algeria, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1977 | 4.6% | — |
| 1978 | 5.5% | +18.8% |
| 1979 | 5.4% | -1.5% |
| 1980 | 5.8% | +7.0% |
| 1981 | 5.9% | +1.5% |
| 1982 | 6.4% | +9.2% |
| 1983 | 7.6% | +18.6% |
| 1984 | 7.7% | +1.8% |
| 1985 | 8.3% | +7.7% |
| 1986 | 9.7% | +16.5% |
| 1987 | 8.2% | -15.2% |
| 1988 | 8.6% | +4.7% |
| 1989 | 7.2% | -16.7% |
| 1990 | 5.9% | -17.3% |
| 1991 | 5.7% | -4.0% |
| 2005 | 21.4% | +275.4% |
| 2006 | 4.4% | -79.5% |
| 2007 | 5.7% | +30.4% |
| 2008 | 8.3% | +44.9% |
| 2009 | 9.1% | +9.7% |
| 2010 | 8.6% | -5.1% |
| 2011 | 8.4% | -1.9% |
| 2012 | 9.2% | +8.4% |
| 2013 | 8.1% | -11.9% |
| 2014 | 9.3% | +15.7% |
| 2015 | 12.4% | +33.0% |
| 2016 | 11.9% | -4.1% |
| 2017 | 10.6% | -10.5% |
| 2018 | 9.7% | -9.2% |
| 2019 | 12.5% | +28.9% |
| 2020 | 8.2% | -34.4% |
| 2021 | 10.7% | +31.2% |
| 2022 | 10.7% | -0.2% |
| 2023 | 10.5% | -2.1% |
| 2024 | 10.8% | +2.7% |
Algeria compared with similar countries
- Algeria's 10.8% is above the median for upper middle income countries, which is 1.9%, 5.8× the median. (53 countries reporting)
- Algeria's 10.8% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.6%, 4.2× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Algeria 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 |
|---|---|---|---|
| 2005 | +275.4% | 5.7% | 21.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.2% | 4.6% | 5.5% | 3 |
| 1980s | 7.5% | 5.8% | 9.7% | 10 |
| 1990s | 5.8% | 5.7% | 5.9% | 2 |
| 2000s | 9.8% | 4.4% | 21.4% | 5 |
| 2010s | 10.1% | 8.1% | 12.5% | 10 |
| 2020s | 10.2% | 8.2% | 10.8% | 5 |
Countries ranked near Algeria
More private sector data for Algeria
- Merchandise trade 33.3% (2025)
- Food imports 20.2% (2017)
- Manufactures imports 73.0% (2017)
- Merchandise imports 50.10 billion current US$ (2025)
- Food exports 1.0% (2017)
- Manufactures exports 2.7% (2017)
- Merchandise exports 45.40 billion current US$ (2025)
- Merchandise exports (current US$), per capita 957.09 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1582 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -7.47 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Algeria?
- Insurance and financial services in Algeria was 10.8% 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 Algeria?
- The highest recorded value was 21.4% in 2005.
- What is the lowest insurance and financial services recorded in Algeria?
- The lowest recorded value was 4.4% in 2006.
- How does Algeria rank for insurance and financial services?
- Algeria ranks 31st out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Algeria?
- Over the last ten years it is up 15.4%. The long-run trend across the full record is rising.
- Where does this Algeria 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 commercial service exports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.