Insurance and financial services in Albania
Albania: Insurance and financial services was 3.3% 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 commercial service imports.
Analysis
Albania recorded 3.3% for insurance and financial services in 2025.
The figure is down 9.2% on the previous year and up 2.1% over ten years.
Over the whole period, insurance and financial services in Albania peaked at 23.0% in 1997 and was at its lowest, 1.5%, in 2014.
That places Albania 151st 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 commercial service imports | 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 | 4.4% | +160.3% |
| 1993 | 2.8% | -36.2% |
| 1994 | 3.4% | +21.0% |
| 1995 | 22.1% | +555.8% |
| 1996 | 22.5% | +1.8% |
| 1997 | 23.0% | +2.3% |
| 1998 | 22.0% | -4.5% |
| 1999 | 20.0% | -9.0% |
| 2000 | 8.3% | -58.7% |
| 2001 | 10.2% | +24.1% |
| 2002 | 9.0% | -12.3% |
| 2003 | 3.6% | -60.0% |
| 2004 | 3.2% | -11.7% |
| 2005 | 3.6% | +14.7% |
| 2006 | 3.6% | +0.1% |
| 2007 | 4.8% | +31.5% |
| 2008 | 6.4% | +33.1% |
| 2009 | 4.9% | -23.6% |
| 2010 | 4.6% | -4.9% |
| 2011 | 4.8% | +2.6% |
| 2012 | 5.4% | +13.6% |
| 2013 | 1.6% | -70.5% |
| 2014 | 1.5% | -2.8% |
| 2015 | 3.2% | +107.4% |
| 2016 | 2.2% | -30.9% |
| 2017 | 2.5% | +13.7% |
| 2018 | 2.8% | +9.5% |
| 2019 | 2.4% | -13.9% |
| 2020 | 3.3% | +40.8% |
| 2021 | 3.6% | +8.0% |
| 2022 | 3.3% | -8.1% |
| 2023 | 4.3% | +29.4% |
| 2024 | 3.6% | -16.1% |
| 2025 | 3.3% | -9.2% |
Albania compared with similar countries
- Albania's 3.3% is below the median for upper middle income countries, which is 6.3%, 52% of the median. (55 countries reporting)
- Albania's 3.3% 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 | +555.8% | 3.4% | 22.1% |
| 1992 | +160.3% | 1.7% | 4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.0% | 3.0% | 4.9% | 10 |
| 1990s | 12.5% | 1.7% | 23.0% | 10 |
| 2000s | 5.8% | 3.2% | 10.2% | 10 |
| 2010s | 3.1% | 1.5% | 5.4% | 10 |
| 2020s | 3.6% | 3.3% | 4.3% | 6 |
Countries ranked near Albania
- 148 Uzbekistan 3.5% compare
- 149 Uganda 3.5% compare
- 150 Argentina 3.4% compare
- 152 Brazil 3.2% compare
- 153 San Marino 3.2% compare
- 154 Seychelles 3.1% compare
More private sector data for Albania
- Merchandise trade 47.9% (2025)
- Food imports 16.6% (2024)
- Manufactures imports 63.2% (2024)
- Merchandise imports 10.28 billion current US$ (2025)
- Food exports 13.4% (2024)
- Manufactures exports 54.1% (2024)
- Merchandise exports 4.35 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,850 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1423 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 8.68 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Albania?
- Insurance and financial services in Albania was 3.3% 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 23.0% in 1997.
- 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 151st 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 2.1%. 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 commercial service imports). 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 imports which are commercial services provided by non-residents to residents.