Insurance company assets to GDP (%) in North Macedonia
North Macedonia: Insurance company assets to GDP (%) was 3.9% in 2020. ▲ Rising
Insurance company assets to GDP in North Macedonia, 2008–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
In 2020, insurance company assets to gdp in North Macedonia stood at 3.9%. That is the highest value across all 13 years on record.
Compared with earlier readings it is up 11.5% on the previous year and up 41.1% over ten years.
Over the whole period, insurance company assets to gdp in North Macedonia peaked at 3.9% in 2020 and was at its lowest, 2.7%, in 2010.
North Macedonia ranks 93rd of 138 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Insurance company assets to GDP (%) in North Macedonia, year by year
| Year | % | Change |
|---|---|---|
| 2008 | 3.1% | — |
| 2009 | 2.9% | -4.8% |
| 2010 | 2.7% | -6.9% |
| 2011 | 2.8% | +1.7% |
| 2012 | 2.8% | +0.5% |
| 2013 | 2.8% | -1.2% |
| 2014 | 3.1% | +12.1% |
| 2015 | 3.1% | +1.3% |
| 2016 | 3.1% | -1.1% |
| 2017 | 3.2% | +4.3% |
| 2018 | 3.3% | +1.0% |
| 2019 | 3.5% | +6.0% |
| 2020 | 3.9% | +11.5% |
North Macedonia compared with similar countries
- North Macedonia's 3.9% is below the median for upper middle income countries, which is 4.9%, 78% of the median. (40 countries reporting)
- North Macedonia's 3.9% is below the median for Europe & Central Asia, which is 8.7%, 45% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.0% | 2.9% | 3.1% | 2 |
| 2010s | 3.0% | 2.7% | 3.5% | 10 |
| 2020s | 3.9% | 3.9% | 3.9% | 1 |
Countries ranked near North Macedonia
More financial sector data for North Macedonia
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is insurance company assets to gdp in North Macedonia?
- Insurance company assets to gdp in North Macedonia was 3.9% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in North Macedonia?
- The highest recorded value was 3.9% in 2020.
- What is the lowest insurance company assets to gdp recorded in North Macedonia?
- The lowest recorded value was 2.7% in 2010.
- How does North Macedonia rank for insurance company assets to gdp?
- North Macedonia ranks 93rd out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in North Macedonia?
- Over the last ten years it is up 41.1%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from Nonbanking financial database, World Bank, published as part of Insurance company assets to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Data taken from a variety of sources such as AXCO and national sources.