Insurance and financial services in Andorra
Andorra: Insurance and financial services was 5.7% 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 commercial service exports.
Analysis
The most recent figure for insurance and financial services in Andorra is 5.7%, measured in 2024. That is the highest value across all 6 years on record.
That represents a change of up 52.1% on the previous year and up 80.7% over ten years.
That places Andorra 62nd out of 190 countries with data for 2024, putting it in the middle of the range.
Insurance and financial services in Andorra, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 2019 | 3.1% | — |
| 2020 | 4.6% | +46.6% |
| 2021 | 3.3% | -29.4% |
| 2022 | 2.4% | -25.7% |
| 2023 | 3.7% | +54.4% |
| 2024 | 5.7% | +52.1% |
Andorra compared with similar countries
- Andorra's 5.7% is above the median for high income countries, which is 5.3%, 1.1× the median. (69 countries reporting)
- Andorra's 5.7% is above the median for Europe & Central Asia, which is 3.6%, 1.6× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.1% | 3.1% | 3.1% | 1 |
| 2020s | 3.9% | 2.4% | 5.7% | 5 |
Countries ranked near Andorra
More private sector data for Andorra
- Merchandise trade 54.7% (2025)
- Food imports 21.4% (2023)
- Manufactures imports 68.4% (2023)
- Merchandise imports 2.18 billion current US$ (2025)
- Food exports 1.1% (2023)
- Manufactures exports 95.0% (2023)
- Merchandise exports 277.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 3,341 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0615 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.95 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Andorra?
- Insurance and financial services in Andorra was 5.7% 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 5.7% in 2024.
- What is the lowest insurance and financial services recorded in Andorra?
- The lowest recorded value was 2.4% in 2022.
- How does Andorra rank for insurance and financial services?
- Andorra ranks 62nd out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Andorra?
- Over the last ten years it is up 80.7%. 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 commercial service exports). 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
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.