Life insurance premium volume to GDP (%) in Albania
Albania: Life insurance premium volume to GDP (%) was 0.1% in 2020. ◆ Volatile
Life insurance premium volume to GDP in Albania, 1997–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, life insurance premium volume to gdp in Albania stood at 0.1%.
The figure is up 2.0% on the previous year and up 9.0% over ten years.
Over the whole period, life insurance premium volume to gdp in Albania peaked at 0.1% in 2011 and was at its lowest, 0.0%, in 1997.
Albania ranks 140th of 162 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Life insurance premium volume to GDP (%) in Albania, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 0.0% | — |
| 1998 | 0.0% | +74.1% |
| 1999 | 0.0% | +19.0% |
| 2000 | 0.0% | +84.8% |
| 2001 | 0.0% | +1705.8% |
| 2002 | 0.0% | +50.0% |
| 2003 | 0.0% | -72.6% |
| 2004 | 0.0% | +20.1% |
| 2005 | 0.0% | +92.0% |
| 2006 | 0.0% | +17.2% |
| 2007 | 0.0% | +17.5% |
| 2008 | 0.0% | +12.0% |
| 2009 | 0.1% | +34.4% |
| 2010 | 0.1% | +8.4% |
| 2011 | 0.1% | +19.7% |
| 2012 | 0.1% | -18.4% |
| 2013 | 0.1% | +7.9% |
| 2014 | 0.1% | +3.0% |
| 2015 | 0.1% | -3.3% |
| 2016 | 0.1% | -7.5% |
| 2017 | 0.1% | +17.3% |
| 2018 | 0.1% | -10.2% |
| 2019 | 0.1% | +4.5% |
| 2020 | 0.1% | +2.0% |
Albania compared with similar countries
- Albania's 0.1% is below the median for upper middle income countries, which is 0.5%, 15% of the median. (46 countries reporting)
- Albania's 0.1% is below the median for Europe & Central Asia, which is 0.8%, 9% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) 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 |
|---|---|---|---|
| 2001 | +1705.8% | 0.0% | 0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.0% | 3 |
| 2000s | 0.0% | 0.0% | 0.1% | 10 |
| 2010s | 0.1% | 0.1% | 0.1% | 10 |
| 2020s | 0.1% | 0.1% | 0.1% | 1 |
Countries ranked near Albania
More financial sector data for Albania
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 15.16 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 11.07 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 15.16 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Albania?
- Life insurance premium volume to gdp in Albania was 0.1% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Albania?
- The highest recorded value was 0.1% in 2011.
- What is the lowest life insurance premium volume to gdp recorded in Albania?
- The lowest recorded value was 0.0% in 1997.
- How does Albania rank for life insurance premium volume to gdp?
- Albania ranks 140th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Albania?
- Over the last ten years it is up 9.0%. The long-run trend across the full record is volatile.
- Where does this Albania data come from?
- The figures come from Sigma Reports, Swiss Re, published as part of Life insurance premium volume to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Premium data is taken from various issues of Sigma reports (Swiss Re). Data on GDP in US dollars is from the electronic version of the World Development Indicators.