Non-life insurance premium volume to GDP in Albania
Albania: Non-life insurance premium volume to GDP was 0.9% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in Albania, 1994–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Albania recorded 0.9% for non-life insurance premium volume to gdp in 2020.
The figure is down 0.1% on the previous year and up 62.0% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Albania peaked at 0.9% in 2019 and was at its lowest, 0.4%, in 1997.
That places Albania 90th out of 167 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Non-life insurance premium volume to GDP in Albania, year by year
| Year | % | Change |
|---|---|---|
| 1994 | 0.5% | — |
| 1995 | 0.5% | -1.4% |
| 1996 | 0.4% | -10.5% |
| 1997 | 0.4% | -19.3% |
| 1998 | 0.4% | +8.5% |
| 1999 | 0.4% | +5.3% |
| 2000 | 0.4% | -6.1% |
| 2001 | 0.5% | +27.6% |
| 2002 | 0.6% | +16.0% |
| 2003 | 0.5% | -6.5% |
| 2004 | 0.5% | +0.1% |
| 2005 | 0.5% | -13.8% |
| 2006 | 0.5% | +2.1% |
| 2007 | 0.6% | +19.5% |
| 2008 | 0.6% | +4.6% |
| 2009 | 0.6% | +1.9% |
| 2010 | 0.6% | -6.0% |
| 2011 | 0.5% | -11.2% |
| 2012 | 0.6% | +13.6% |
| 2013 | 0.5% | -8.8% |
| 2014 | 0.7% | +37.9% |
| 2015 | 0.8% | +18.9% |
| 2016 | 0.9% | +7.5% |
| 2017 | 0.9% | -1.0% |
| 2018 | 0.9% | +0.8% |
| 2019 | 0.9% | +0.5% |
| 2020 | 0.9% | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4% | 0.4% | 0.5% | 6 |
| 2000s | 0.5% | 0.4% | 0.6% | 10 |
| 2010s | 0.7% | 0.5% | 0.9% | 10 |
| 2020s | 0.9% | 0.9% | 0.9% | 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 non-life insurance premium volume to gdp in Albania?
- Non-life insurance premium volume to gdp in Albania was 0.9% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Albania?
- The highest recorded value was 0.9% in 2019.
- What is the lowest non-life insurance premium volume to gdp recorded in Albania?
- The lowest recorded value was 0.4% in 1997.
- How does Albania rank for non-life insurance premium volume to gdp?
- Albania ranks 90th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Albania?
- Over the last ten years it is up 62.0%. The long-run trend across the full record is rising.
- Where does this Albania data come from?
- The figures come from Sigma Reports, Swiss Re, published as part of Non-life insurance premium volume to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.