Life insurance premium volume to GDP (%) in North Macedonia
North Macedonia: Life insurance premium volume to GDP (%) was 0.3% in 2020. ◆ Volatile
Life insurance premium volume to GDP in North Macedonia, 1996–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in North Macedonia is 0.3%, measured in 2020.
That represents a change of down 1.3% on the previous year and up 223.2% over ten years.
Over the whole period, life insurance premium volume to gdp in North Macedonia peaked at 0.3% in 2019 and was at its lowest, 0.0%, in 1996.
North Macedonia ranks 112th of 162 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Life insurance premium volume to GDP (%) in North Macedonia, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 0.0% | — |
| 1997 | 0.0% | +145.3% |
| 1998 | 0.0% | +33.6% |
| 1999 | 0.0% | +14.1% |
| 2000 | 0.0% | -4.8% |
| 2001 | 0.0% | +2.5% |
| 2002 | 0.0% | +16.3% |
| 2003 | 0.0% | -7.3% |
| 2004 | 0.0% | -4.0% |
| 2005 | 0.0% | -5.4% |
| 2006 | 0.0% | -3.1% |
| 2007 | 0.0% | +33.0% |
| 2008 | 0.1% | +39.9% |
| 2009 | 0.1% | +12.8% |
| 2010 | 0.1% | +11.8% |
| 2011 | 0.1% | +32.0% |
| 2012 | 0.1% | +19.7% |
| 2013 | 0.1% | +13.4% |
| 2014 | 0.2% | +15.9% |
| 2015 | 0.2% | +17.0% |
| 2016 | 0.2% | +10.3% |
| 2017 | 0.2% | +7.7% |
| 2018 | 0.3% | +8.0% |
| 2019 | 0.3% | +5.1% |
| 2020 | 0.3% | -1.3% |
North Macedonia compared with similar countries
- North Macedonia's 0.3% is below the median for upper middle income countries, which is 0.5%, 55% of the median. (46 countries reporting)
- North Macedonia's 0.3% is below the median for Europe & Central Asia, which is 0.8%, 32% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) in North Macedonia 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 |
|---|---|---|---|
| 1997 | +145.3% | 0.0% | 0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.0% | 4 |
| 2000s | 0.0% | 0.0% | 0.1% | 10 |
| 2010s | 0.2% | 0.1% | 0.3% | 10 |
| 2020s | 0.3% | 0.3% | 0.3% | 1 |
Countries ranked near North Macedonia
- 109 Estonia 0.3% compare
- 110 Burundi 0.3% compare
- 111 Azerbaijan 0.3% compare
- 113 Kazakhstan 0.2% compare
- 114 Mozambique 0.2% compare
- 115 Uganda 0.2% compare
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 life insurance premium volume to gdp in North Macedonia?
- Life insurance premium volume to gdp in North Macedonia was 0.3% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in North Macedonia?
- The highest recorded value was 0.3% in 2019.
- What is the lowest life insurance premium volume to gdp recorded in North Macedonia?
- The lowest recorded value was 0.0% in 1996.
- How does North Macedonia rank for life insurance premium volume to gdp?
- North Macedonia ranks 112th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in North Macedonia?
- Over the last ten years it is up 223.2%. The long-run trend across the full record is volatile.
- Where does this North Macedonia 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.