Macedonia: Non-life insurance premium volume, percent of GDP
For that indicator, Swiss Re provides data for Macedonia from 1993 to 2016. The average value for Macedonia during that period was 1.93 percent with a minumum of 1.14 percent in 2014 and a maximum of 4.16 percent in 1993.
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Definition: Ratio of non-life insurance premium volume to GDP. Premium volume is the insurer's direct premiums earned (if Property/Casualty) or received (if Life/Health) during the previous calendar year. Premium data are 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.