Insurance and financial services in North Macedonia
North Macedonia: Insurance and financial services was 0.1% in 2025. ◆ Volatile
Insurance and financial services in North Macedonia, 1996–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
The most recent figure for insurance and financial services in North Macedonia is 0.1%, measured in 2025. That is the lowest value across all 30 years on record.
Compared with earlier readings it is down 5.0% on the previous year and down 19.6% over ten years.
Over the whole period, insurance and financial services in North Macedonia peaked at 2.1% in 1996 and was at its lowest, 0.1%, in 2025.
North Macedonia ranks 179th of 190 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in North Macedonia, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1996 | 2.1% | — |
| 1997 | 1.6% | -24.2% |
| 1998 | 1.7% | +6.8% |
| 1999 | 1.1% | -35.7% |
| 2000 | 1.1% | +0.8% |
| 2001 | 1.0% | -11.9% |
| 2002 | 1.3% | +39.3% |
| 2003 | 0.7% | -45.9% |
| 2004 | 0.7% | -7.1% |
| 2005 | 0.7% | +3.9% |
| 2006 | 1.0% | +44.7% |
| 2007 | 1.2% | +20.0% |
| 2008 | 0.9% | -27.3% |
| 2009 | 0.3% | -69.0% |
| 2010 | 0.4% | +36.4% |
| 2011 | 0.2% | -44.6% |
| 2012 | 0.2% | -7.3% |
| 2013 | 0.2% | +22.5% |
| 2014 | 0.3% | +8.2% |
| 2015 | 0.2% | -33.1% |
| 2016 | 0.2% | +10.3% |
| 2017 | 0.2% | +26.2% |
| 2018 | 0.3% | +8.9% |
| 2019 | 0.3% | +18.7% |
| 2020 | 0.3% | -14.0% |
| 2021 | 0.2% | -21.7% |
| 2022 | 0.1% | -33.5% |
| 2023 | 0.2% | +49.2% |
| 2024 | 0.1% | -29.7% |
| 2025 | 0.1% | -5.0% |
North Macedonia compared with similar countries
- North Macedonia's 0.1% is below the median for upper middle income countries, which is 1.9%, 7% of the median. (53 countries reporting)
- North Macedonia's 0.1% is below the median for Europe & Central Asia, which is 3.6%, 4% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.6% | 1.1% | 2.1% | 4 |
| 2000s | 0.9% | 0.3% | 1.3% | 10 |
| 2010s | 0.2% | 0.2% | 0.4% | 10 |
| 2020s | 0.2% | 0.1% | 0.3% | 6 |
Countries ranked near North Macedonia
More private sector data for North Macedonia
- Merchandise trade 115.8% (2025)
- Food imports 11.7% (2024)
- Manufactures imports 64.5% (2024)
- Merchandise imports 13.06 billion current US$ (2025)
- Food exports 10.6% (2024)
- Manufactures exports 80.6% (2024)
- Merchandise exports 9.06 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,973 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.4741 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.53 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in North Macedonia?
- Insurance and financial services in North Macedonia was 0.1% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in North Macedonia?
- The highest recorded value was 2.1% in 1996.
- What is the lowest insurance and financial services recorded in North Macedonia?
- The lowest recorded value was 0.1% in 2025.
- How does North Macedonia rank for insurance and financial services?
- North Macedonia ranks 179th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in North Macedonia?
- Over the last ten years it is down 19.6%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.