Insurance and financial services (% of commercial service imports) in North Macedonia
North Macedonia: Insurance and financial services (% of commercial service imports) was 1.2% 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 imports.
Analysis
North Macedonia recorded 1.2% for insurance and financial services in 2025. That is the lowest value across all 30 years on record.
The figure is down 8.2% on the previous year and down 67.3% over ten years.
Over the whole period, insurance and financial services in North Macedonia peaked at 20.7% in 1996 and was at its lowest, 1.2%, in 2025.
North Macedonia ranks 192nd of 197 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 (% of commercial service imports) in North Macedonia, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1996 | 20.7% | — |
| 1997 | 16.3% | -21.3% |
| 1998 | 3.6% | -78.1% |
| 1999 | 3.5% | -0.5% |
| 2000 | 3.1% | -13.0% |
| 2001 | 4.9% | +60.0% |
| 2002 | 3.3% | -32.2% |
| 2003 | 2.6% | -21.5% |
| 2004 | 2.0% | -23.9% |
| 2005 | 2.7% | +37.5% |
| 2006 | 2.8% | +1.2% |
| 2007 | 1.6% | -44.2% |
| 2008 | 1.5% | -3.5% |
| 2009 | 3.2% | +116.5% |
| 2010 | 3.3% | +3.0% |
| 2011 | 2.7% | -19.1% |
| 2012 | 3.4% | +25.9% |
| 2013 | 4.0% | +18.2% |
| 2014 | 4.0% | -0.2% |
| 2015 | 3.6% | -11.3% |
| 2016 | 3.7% | +4.1% |
| 2017 | 3.5% | -6.7% |
| 2018 | 2.7% | -22.4% |
| 2019 | 2.6% | -4.7% |
| 2020 | 2.8% | +9.7% |
| 2021 | 2.8% | -1.0% |
| 2022 | 2.7% | -4.4% |
| 2023 | 1.5% | -42.2% |
| 2024 | 1.3% | -17.5% |
| 2025 | 1.2% | -8.2% |
North Macedonia compared with similar countries
- North Macedonia's 1.2% is below the median for upper middle income countries, which is 6.4%, 18% of the median. (55 countries reporting)
- North Macedonia's 1.2% is below the median for Europe & Central Asia, which is 5.2%, 22% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.0% | 3.5% | 20.7% | 4 |
| 2000s | 2.8% | 1.5% | 4.9% | 10 |
| 2010s | 3.3% | 2.6% | 4.0% | 10 |
| 2020s | 2.0% | 1.2% | 2.8% | 6 |
Countries ranked near North Macedonia
More private sector data for North Macedonia
- Merchandise trade 115.8% (2025)
- Food imports 12.0% (2025)
- Manufactures imports 63.4% (2025)
- Merchandise imports 13.06 billion current US$ (2025)
- Commercial service imports 2.31 billion current US$ (2025)
- Food exports 11.8% (2025)
- Manufactures exports 80.3% (2025)
- Merchandise exports 9.06 billion current US$ (2025)
- Commercial service exports 3.55 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,973 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in North Macedonia?
- Insurance and financial services in North Macedonia was 1.2% 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 20.7% in 1996.
- What is the lowest insurance and financial services recorded in North Macedonia?
- The lowest recorded value was 1.2% in 2025.
- How does North Macedonia rank for insurance and financial services?
- North Macedonia ranks 192nd out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in North Macedonia?
- Over the last ten years it is down 67.3%. 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 imports). Statizoid updates them automatically from the source API.
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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 imports which are commercial services provided by non-residents to residents.