Insurance and financial services (% of commercial service imports) in Andorra
Andorra: Insurance and financial services (% of commercial service imports) was 8.5% in 2025. ▲ Rising
Insurance and financial services in Andorra, 2019–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
In 2025, insurance and financial services in Andorra stood at 8.5%. That is the highest value across all 7 years on record.
That represents a change of up 31.6% on the previous year and up 198.7% over ten years.
Andorra ranks 69th of 197 countries on this measure, in the middle of the range.
Insurance and financial services (% of commercial service imports) in Andorra, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2019 | 2.9% | — |
| 2020 | 5.8% | +104.4% |
| 2021 | 7.2% | +22.9% |
| 2022 | 7.2% | +0.3% |
| 2023 | 6.7% | -7.5% |
| 2024 | 6.5% | -2.7% |
| 2025 | 8.5% | +31.6% |
Andorra compared with similar countries
- Andorra's 8.5% is above the median for high income countries, which is 6.4%, 1.3× the median. (72 countries reporting)
- Andorra's 8.5% is above the median for Europe & Central Asia, which is 5.2%, 1.6× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.9% | 2.9% | 2.9% | 1 |
| 2020s | 7.0% | 5.8% | 8.5% | 6 |
Countries ranked near Andorra
More private sector data for Andorra
- Merchandise trade 54.7% (2025)
- Food imports 21.7% (2025)
- Manufactures imports 69.6% (2025)
- Merchandise imports 2.18 billion current US$ (2025)
- Commercial service imports 995.77 million current US$ (2025)
- Food exports 1.3% (2025)
- Manufactures exports 91.5% (2025)
- Merchandise exports 277.00 million current US$ (2025)
- Commercial service exports 3.91 billion current US$ (2025)
- Merchandise exports (current US$), per capita 3,341 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Andorra?
- Insurance and financial services in Andorra was 8.5% 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 Andorra?
- The highest recorded value was 8.5% in 2025.
- What is the lowest insurance and financial services recorded in Andorra?
- The lowest recorded value was 2.9% in 2019.
- How does Andorra rank for insurance and financial services?
- Andorra ranks 69th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Andorra?
- Over the last ten years it is up 198.7%. 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 imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 7 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 imports which are commercial services provided by non-residents to residents.