Insurance and financial services in Algeria
Algeria: Insurance and financial services was 3.0% in 2024. ▼ Falling
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 imports.
Analysis
In 2024, insurance and financial services in Algeria stood at 3.0%.
The figure is down 9.6% on the previous year and up 22.9% over ten years.
Over the whole period, insurance and financial services in Algeria peaked at 9.8% in 1991 and was at its lowest, 1.9%, in 2011.
Algeria ranks 157th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 35 years of available data.
Insurance and financial services in Algeria, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1977 | 7.2% | — |
| 1978 | 6.6% | -7.7% |
| 1979 | 6.4% | -3.8% |
| 1980 | 7.1% | +10.9% |
| 1981 | 5.7% | -19.3% |
| 1982 | 6.4% | +11.8% |
| 1983 | 5.3% | -17.4% |
| 1984 | 5.2% | -0.8% |
| 1985 | 3.8% | -26.6% |
| 1986 | 6.3% | +65.4% |
| 1987 | 6.8% | +7.2% |
| 1988 | 7.9% | +15.9% |
| 1989 | 7.7% | -2.2% |
| 1990 | 9.7% | +25.8% |
| 1991 | 9.8% | +0.9% |
| 2005 | 3.7% | -62.4% |
| 2006 | 3.6% | -2.8% |
| 2007 | 3.9% | +9.7% |
| 2008 | 3.7% | -4.5% |
| 2009 | 2.2% | -40.4% |
| 2010 | 2.4% | +8.3% |
| 2011 | 1.9% | -21.4% |
| 2012 | 2.2% | +16.0% |
| 2013 | 2.5% | +14.8% |
| 2014 | 2.4% | -4.5% |
| 2015 | 2.5% | +5.1% |
| 2016 | 2.3% | -11.2% |
| 2017 | 2.8% | +26.2% |
| 2018 | 2.6% | -8.9% |
| 2019 | 2.1% | -17.5% |
| 2020 | 2.7% | +26.9% |
| 2021 | 3.2% | +19.8% |
| 2022 | 3.4% | +4.6% |
| 2023 | 3.3% | -3.2% |
| 2024 | 3.0% | -9.6% |
Algeria compared with similar countries
- Algeria's 3.0% is below the median for upper middle income countries, which is 6.3%, 47% of the median. (55 countries reporting)
- Algeria's 3.0% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.7%, 44% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.7% | 6.4% | 7.2% | 3 |
| 1980s | 6.2% | 3.8% | 7.9% | 10 |
| 1990s | 9.7% | 9.7% | 9.8% | 2 |
| 2000s | 3.4% | 2.2% | 3.9% | 5 |
| 2010s | 2.4% | 1.9% | 2.8% | 10 |
| 2020s | 3.1% | 2.7% | 3.4% | 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 3.0% 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 9.8% in 1991.
- What is the lowest insurance and financial services recorded in Algeria?
- The lowest recorded value was 1.9% in 2011.
- How does Algeria rank for insurance and financial services?
- Algeria ranks 157th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Algeria?
- Over the last ten years it is up 22.9%. The long-run trend across the full record is falling.
- 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 imports). Statizoid updates them automatically from the source API.
Download this data
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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.