Albania

Flag



Location map
author: OCHA/ ReliefWeb


Location:
- Southeastern Europe, bordering the Adriatic Sea and Ionian Sea;
- Neighbours: Greece, Montenegro, Kosovo, Serbia, Macedonia.

Climate:
- mild temperate; - cool, cloudy, wet winters;
- hot, clear, dry summers;
- interior is cooler and wetter.

Natural hazards:
- destructive earthquakes;
- tsunamis occur along southwestern coast;
- floods;
- drought.

Macro indicators
* 2018 estimates
Surface:28,748km2
Population*:2.9million
Pop. density*:99.8people/km2
GDP*:13.4EUR billion
GDP/capita*:4,648.9EUR

European Union:
Official candidate

Currency: Lek
Code: ALL
Since: 1926


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:6.8%
TOTAL NON-LIFE*:83.2%
Overall Property*:12.4%
Overall Motor*:68.4%
MTPL*:63.6%


Sources:


 


Statistics

Abania 1Q2019 Market Portfolio

Albania 1Q19 Insurance Companies Ranking


See all statistics

Latest news




ALBANIA: AFSA introduces MTPL Bonus-Malus system

The Albanian Financial Supervisory Authority (AFSA) has approved sets of instructions for Bonus-Malus system implementation. The Bonus-Malus system will begin to function in Albania starting April 1, 2019.













ALBANIAN economy grows 3.36 pct in Q4 2017

The Albanian economy grew by 3.36 percent in the fourth quarter of 2017 according to the figures from the Albanian National Institute of Statistics (INSTAT) released on Tuesday.