Iceland vs North Macedonia: Credit to government and state-owned enterprises to GDP

Iceland
11.2%
in 2020
North Macedonia
11.1%
in 2020
Iceland rank
92nd
North Macedonia rank
93rd

Credit to government and state-owned enterprises to GDP over time

  • Iceland
  • North Macedonia
0102030198020002020

How they compare

Iceland currently reports 11.2% against 11.1% in North Macedonia, a difference of 0.1%.

The two have swapped places 5 times across 27 shared years of data; in 1994 it was North Macedonia ahead.

Iceland ranks 92nd and North Macedonia ranks 93rd of 178 countries.

Across the 4 decades both report, Iceland averaged higher in 3 and North Macedonia in 1.

Head to head by decade

Decade Iceland North Macedonia Difference Ahead
1990s 2.3% 6.9% 4.6% North Macedonia
2000s 3.9% 3.2% 0.7% Iceland
2010s 11.1% 6.1% 4.9% Iceland
2020s 11.2% 11.1% 0.0% Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher credit to government and state-owned enterprises to gdp, Iceland or North Macedonia?
Iceland, at 11.2% against 11.1% in North Macedonia as of 2020.
What is the difference in credit to government and state-owned enterprises to gdp between Iceland and North Macedonia?
0.1%, with Iceland ahead.
How many years of comparable data are there for Iceland and North Macedonia?
27 years are reported by both, from 1994 to 2020.
How do Iceland and North Macedonia rank globally for credit to government and state-owned enterprises to gdp?
Iceland ranks 92nd and North Macedonia ranks 93rd of 178 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Credit to government and state-owned enterprises to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs North Macedonia: Credit to government and state-owned enterprises to GDP. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 16 September 2026, from https://financial-sector.statizoid.com/compare/credit-to-government-and-state-owned-enterprises-to-gdp-percent/iceland/north-macedonia/

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About this data

Indicator
Credit to government and state-owned enterprises to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
178 places, 6,137 data points, 1980–2020
Last refreshed

Raw data are from the electronic version of the IMF’s International Financial Statistics. (IFS line 22A + line 22B + line 22C) / GDP. Local currency GDP is from IFS (line 99B..ZF or, if not available, line 99B.CZF).