Armenia, Republic of vs North Macedonia: Financial Development Index

Armenia, Republic of
0.2561
in 2020
North Macedonia
0.2517
in 2020
Armenia, Republic of rank
93rd
North Macedonia rank
94th

Financial Development Index over time

  • Armenia, Republic of
  • North Macedonia
00.10.20.3198020002020

How they compare

Armenia, Republic of currently reports 0.2561 against 0.2517 in North Macedonia, a difference of 0.0044.

The two have swapped places 1 time across 41 shared years of data; in 1980 it was North Macedonia ahead.

Armenia, Republic of ranks 93rd and North Macedonia ranks 94th of 183 countries.

Across the 5 decades both report, Armenia, Republic of averaged higher in 1 and North Macedonia in 3.

Head to head by decade

Decade Armenia, Republic of North Macedonia Difference Ahead
1980s 0 0 0 β€”
1990s 0.0636 0.1124 0.0488 North Macedonia
2000s 0.1213 0.163 0.0417 North Macedonia
2010s 0.2178 0.2411 0.0232 North Macedonia
2020s 0.2561 0.2517 0.0044 Armenia, Republic of

Averages of every year both report within each decade.

Frequently asked questions

Which has higher financial development index, Armenia, Republic of or North Macedonia?
Armenia, Republic of, at 0.2561 against 0.2517 in North Macedonia as of 2020.
What is the difference in financial development index between Armenia, Republic of and North Macedonia?
0.0044, with Armenia, Republic of ahead.
How many years of comparable data are there for Armenia, Republic of and North Macedonia?
41 years are reported by both, from 1980 to 2020.
How do Armenia, Republic of and North Macedonia rank globally for financial development index?
Armenia, Republic of ranks 93rd and North Macedonia ranks 94th of 183 countries.
Where does this data come from?
International Monetary Fund, published as Financial Development Index. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Armenia, Republic of vs North Macedonia: Financial Development Index. Statizoid, drawing on International Monetary Fund. Retrieved 19 August 2026, from https://financial-sector.statizoid.com/compare/financial-development-index/armenia/north-macedonia/

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About this data

Indicator
Financial Development Index
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
192 places, 7,872 data points, 1980–2020
Last refreshed

The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.