Insurance and financial services (% of commercial service imports) in Montenegro
Montenegro: Insurance and financial services (% of commercial service imports) was 1.6% in 2025. ◆ Volatile
Insurance and financial services in Montenegro, 2007–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
The most recent figure for insurance and financial services in Montenegro is 1.6%, measured in 2025.
That represents a change of down 10.5% on the previous year and down 9.5% over ten years.
Over the whole period, insurance and financial services in Montenegro peaked at 7.5% in 2007 and was at its lowest, 1.2%, in 2017.
Montenegro ranks 183rd of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services (% of commercial service imports) in Montenegro, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2007 | 7.5% | — |
| 2008 | 4.0% | -45.9% |
| 2009 | 5.4% | +33.4% |
| 2010 | 1.4% | -73.6% |
| 2011 | 1.9% | +30.2% |
| 2012 | 1.4% | -23.0% |
| 2013 | 1.3% | -6.8% |
| 2014 | 1.5% | +12.9% |
| 2015 | 1.8% | +19.4% |
| 2016 | 1.3% | -28.3% |
| 2017 | 1.2% | -5.8% |
| 2018 | 1.5% | +24.1% |
| 2019 | 2.6% | +71.9% |
| 2020 | 3.7% | +44.1% |
| 2021 | 2.6% | -30.5% |
| 2022 | 1.6% | -36.5% |
| 2023 | 1.2% | -26.3% |
| 2024 | 1.8% | +49.4% |
| 2025 | 1.6% | -10.5% |
Montenegro compared with similar countries
- Montenegro's 1.6% is below the median for upper middle income countries, which is 6.4%, 25% of the median. (55 countries reporting)
- Montenegro's 1.6% is below the median for Europe & Central Asia, which is 5.2%, 31% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.6% | 4.0% | 7.5% | 3 |
| 2010s | 1.6% | 1.2% | 2.6% | 10 |
| 2020s | 2.1% | 1.2% | 3.7% | 6 |
Countries ranked near Montenegro
More private sector data for Montenegro
- Merchandise trade 61.8% (2025)
- Food imports 23.6% (2025)
- Manufactures imports 63.8% (2025)
- Merchandise imports 5.06 billion current US$ (2025)
- Commercial service imports 1.21 billion current US$ (2025)
- Food exports 18.6% (2025)
- Manufactures exports 36.9% (2025)
- Merchandise exports 646.00 million current US$ (2025)
- Commercial service exports 3.07 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,037 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Montenegro?
- Insurance and financial services in Montenegro was 1.6% 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 Montenegro?
- The highest recorded value was 7.5% in 2007.
- What is the lowest insurance and financial services recorded in Montenegro?
- The lowest recorded value was 1.2% in 2017.
- How does Montenegro rank for insurance and financial services?
- Montenegro ranks 183rd out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Montenegro?
- Over the last ten years it is down 9.5%. The long-run trend across the full record is volatile.
- Where does this Montenegro 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.