Montenegro's insurance and financial services (% of service imports, BoP) was 1.58% in 2025, the latest year in the World Bank's World Development Indicators. That is down 0.17 percentage points from 1.75% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.58% | 2025 |
| Five years earlier | 3.63% | 2020 |
| Ten years earlier | 1.75% | 2015 |
| Highest | 7.33% | 2007 |
| Lowest | 1.18% | 2017 |
| Average since 2016 | 1.88% | 2016–2025 |
| First recorded | 7.33% | 2007 |
What the numbers say
In 2025, Montenegro's insurance and financial services (% of service imports, BoP) fell 0.2 percentage points on 2024 (from 1.78% to 1.58%).
Across the 17 yearly changes before that (2008 to 2024), the average change was −0.33 percentage points and a typical year strayed about 1.4 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 1.26 percentage points in 2009 and the biggest yearly fall was 3.84 percentage points in 2010. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Montenegro had the 129th highest value of the 134 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Montenegro | 1.58% | 2025 |
| World | 9.53% | 2025 |
| Europe & Central Asia | 8.75% | 2025 |
| Upper middle income | 5.81% | 2025 |
Closest to Montenegro in the 2025 ranking
- Moldova — 125th of 134: 1.89%
- São Tomé and Principe — 126th of 134: 1.76%
- Serbia — 127th of 134: 1.64%
- Russian Federation — 129th of 134: 1.57%
- Lao PDR — 130th of 134: 1.52%
- Israel — 131st of 134: 1.32%
What this measures
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 19 values
| Year | Insurance and financial services (% of service imports, BoP) |
|---|---|
| 2025 | 1.58 |
| 2024 | 1.78 |
| 2023 | 1.2 |
| 2022 | 1.62 |
| 2021 | 2.54 |
| 2020 | 3.63 |
| 2019 | 2.53 |
| 2018 | 1.47 |
| 2017 | 1.18 |
| 2016 | 1.25 |
| 2015 |
Insurance and financial services (% of service imports, BoP) in nearby economies
- Albania — 3.24% (2025)
- Armenia — 8.84% (2025)
- Austria — 4.27% (2025)
- Azerbaijan — 2.69% (2025)
- Belarus — 3.82% (2021)
- Belgium — 9.02% (2025)
- Bosnia and Herzegovina — 4.53% (2025)
- Bulgaria — 6.31% (2025)
- Croatia — 5.15% (2025)
More economic policy & debt data for Montenegro
- Adjusted savings, mineral depletion (current US$) — US$651,532 (2021)
- Medium and high-tech manufacturing value added (% manufacturing value added) — 14.86% (2024)
- Adjusted savings, carbon dioxide damage (current US$) — US$105.26 million (2021)
- GDP (current US$) — US$9.23 billion (2025)
- GDP (current LCU) — 8.17 billion (2025)
- GDP, linked series (current LCU) — 8.17 billion (2025)
- GDP (constant 2015 US$) — US$5.47 billion (2025)
- GDP (constant LCU) — 4.66 billion (2025)
- GDP, PPP (current international $) — 22.07 billion (2025)
- GDP, PPP (constant 2021 international $)
Reading data like this
Questions people ask
- What is Montenegro's insurance and financial services (% of service imports, BoP)?
- 1.58% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is down 5.75 percentage points from 7.33% in 2007. The highest value was 7.33% in 2007 and the lowest 1.18% in 2017.
- How does Montenegro rank?
- 129th highest of 134 economies with data for 2025.
- Is the latest change in insurance and financial services (% of service imports, BoP) unusual for Montenegro?
- In 2025, Montenegro's insurance and financial services (% of service imports, BoP) fell 0.2 percentage points on 2024 (from 1.78% to 1.58%). Across the 17 yearly changes before that (2008 to 2024), the average change was −0.33 percentage points and a typical year strayed about 1.4 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BM.GSR.INSF.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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