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% |
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
- Net domestic credit (current LCU), per capita 360,001 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 34.32 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 17.39 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 7.76 million SDR (2025)
- Gold reserves at market value 706.83 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.53 billion SDR (2025)
- Reserves excluding gold 3.53 billion SDR (2025)
- Total reserves (gold at market value) 4.24 billion SDR (2025)
- Total reserves (gold at national valuation) 4.23 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,322 SDR per person (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.