Non-life insurance premium volume to GDP in North Macedonia
North Macedonia: Non-life insurance premium volume to GDP was 1.1% in 2020. ▼ Falling
Non-life insurance premium volume to GDP in North Macedonia, 1993–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for non-life insurance premium volume to gdp in North Macedonia is 1.1%, measured in 2020.
The figure is down 1.9% on the previous year and down 11.9% over ten years.
Over the whole period, non-life insurance premium volume to gdp in North Macedonia peaked at 4.2% in 1993 and was at its lowest, 1.1%, in 2017.
North Macedonia ranks 77th of 167 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Non-life insurance premium volume to GDP in North Macedonia, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 4.2% | — |
| 1994 | 3.0% | -28.7% |
| 1995 | 3.0% | +0.9% |
| 1996 | 2.8% | -8.0% |
| 1997 | 2.5% | -8.7% |
| 1998 | 2.8% | +13.1% |
| 1999 | 2.8% | -0.9% |
| 2000 | 2.3% | -18.1% |
| 2001 | 2.0% | -11.4% |
| 2002 | 1.8% | -12.6% |
| 2003 | 1.6% | -10.0% |
| 2004 | 1.6% | -2.7% |
| 2005 | 1.4% | -8.0% |
| 2006 | 1.4% | -1.6% |
| 2007 | 1.4% | -0.8% |
| 2008 | 1.3% | -7.2% |
| 2009 | 1.2% | -5.2% |
| 2010 | 1.2% | -0.3% |
| 2011 | 1.2% | -2.0% |
| 2012 | 1.2% | +1.8% |
| 2013 | 1.1% | -6.7% |
| 2014 | 1.1% | -1.2% |
| 2015 | 1.1% | +0.7% |
| 2016 | 1.1% | -3.9% |
| 2017 | 1.1% | -2.5% |
| 2018 | 1.1% | +2.3% |
| 2019 | 1.1% | +1.3% |
| 2020 | 1.1% | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.0% | 2.5% | 4.2% | 7 |
| 2000s | 1.6% | 1.2% | 2.3% | 10 |
| 2010s | 1.1% | 1.1% | 1.2% | 10 |
| 2020s | 1.1% | 1.1% | 1.1% | 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 non-life insurance premium volume to gdp in North Macedonia?
- Non-life insurance premium volume to gdp in North Macedonia was 1.1% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in North Macedonia?
- The highest recorded value was 4.2% in 1993.
- What is the lowest non-life insurance premium volume to gdp recorded in North Macedonia?
- The lowest recorded value was 1.1% in 2017.
- How does North Macedonia rank for non-life insurance premium volume to gdp?
- North Macedonia ranks 77th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in North Macedonia?
- Over the last ten years it is down 11.9%. The long-run trend across the full record is falling.
- Where does this North Macedonia data come from?
- The figures come from Sigma Reports, Swiss Re, published as part of Non-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.