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 service exports, BoP.
Analysis
North Macedonia recorded 0.1% for insurance and financial services in 2025. That is the lowest value across all 30 years on record.
That represents a change of down 4.9% on the previous year and down 19.5% 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.
That places North Macedonia 178th out of 190 countries with data for 2025, putting it 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 service exports, BoP | Change |
|---|---|---|
| 1996 | 2.1% | — |
| 1997 | 1.6% | -24.1% |
| 1998 | 1.7% | +7.4% |
| 1999 | 1.0% | -39.3% |
| 2000 | 1.0% | +0.9% |
| 2001 | 0.9% | -17.0% |
| 2002 | 1.2% | +43.9% |
| 2003 | 0.7% | -43.2% |
| 2004 | 0.7% | -7.1% |
| 2005 | 0.7% | +3.9% |
| 2006 | 1.0% | +46.5% |
| 2007 | 1.2% | +21.0% |
| 2008 | 0.9% | -27.1% |
| 2009 | 0.3% | -69.0% |
| 2010 | 0.4% | +36.6% |
| 2011 | 0.2% | -44.2% |
| 2012 | 0.2% | -6.9% |
| 2013 | 0.2% | +22.5% |
| 2014 | 0.3% | +8.3% |
| 2015 | 0.2% | -33.1% |
| 2016 | 0.2% | +10.3% |
| 2017 | 0.2% | +26.2% |
| 2018 | 0.3% | +8.7% |
| 2019 | 0.3% | +18.6% |
| 2020 | 0.3% | -13.7% |
| 2021 | 0.2% | -21.7% |
| 2022 | 0.1% | -33.5% |
| 2023 | 0.2% | +49.3% |
| 2024 | 0.1% | -29.6% |
| 2025 | 0.1% | -4.9% |
North Macedonia compared with similar countries
- North Macedonia's 0.1% is below the median for upper middle income countries, which is 1.8%, 8% of the median. (53 countries reporting)
- North Macedonia's 0.1% is below the median for Europe & Central Asia, which is 3.5%, 4% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.6% | 1.0% | 2.1% | 4 |
| 2000s | 0.8% | 0.3% | 1.2% | 10 |
| 2010s | 0.2% | 0.2% | 0.4% | 10 |
| 2020s | 0.2% | 0.1% | 0.3% | 6 |
Countries ranked near North Macedonia
More economy & growth data for North Macedonia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 400.07 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0209 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 219.71 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 675.78 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -36.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0354 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 371.12 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.51 % 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 178th 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 19.5%. 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 service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.