Insurance and Financial Services (As % of Service Imports, BoP) in Albania

Insurance and financial services as a percentage of service imports from the balance of payment reached 2.37 % in 2017 in Albania, according to the National Central Bank / OECD. This is 10.8 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Albania reached an all time high of 20.3 % in 1998 and an all time low of 1.52 % in 2014. When compared to Albania's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Greece amounted to 8.16 %, 8.83 % in Kosovo, 3.39 % in Macedonia and 1.19 % in Montenegro in 2017.

Albania has been ranked 135th within the group of 155 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 35 places behind the position seen 10 years ago.

Insurance and financial services (% of service imports, BoP) cover various types of insurance provided to residents by non-resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and non-residents.

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