Broad money in North Macedonia
North Macedonia: Broad money was 60.5% in 2024. ▲ Rising
Broad money in North Macedonia, 1993–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, broad money in North Macedonia stood at 60.5%.
That represents a change of up 3.2% on the previous year and up 13.0% over ten years.
Over the whole period, broad money in North Macedonia peaked at 70.2% in 1993 and was at its lowest, 10.7%, in 1996.
North Macedonia ranks 79th of 167 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Broad money in North Macedonia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1993 | 70.2% | — |
| 1994 | 12.7% | -81.9% |
| 1995 | 11.2% | -12.1% |
| 1996 | 10.7% | -4.1% |
| 1997 | 12.6% | +17.5% |
| 1998 | 13.6% | +7.8% |
| 1999 | 16.6% | +22.4% |
| 2000 | 18.0% | +8.1% |
| 2001 | 29.5% | +64.2% |
| 2002 | 26.5% | -10.3% |
| 2003 | 30.2% | +14.0% |
| 2004 | 33.7% | +11.5% |
| 2005 | 35.5% | +5.3% |
| 2006 | 40.8% | +15.0% |
| 2007 | 47.6% | +16.7% |
| 2008 | 47.8% | +0.5% |
| 2009 | 48.6% | +1.7% |
| 2010 | 51.5% | +5.8% |
| 2011 | 52.8% | +2.6% |
| 2012 | 54.1% | +2.5% |
| 2013 | 51.7% | -4.6% |
| 2014 | 53.5% | +3.6% |
| 2015 | 54.4% | +1.6% |
| 2016 | 54.2% | -0.4% |
| 2017 | 54.5% | +0.6% |
| 2018 | 56.5% | +3.6% |
| 2019 | 58.3% | +3.2% |
| 2020 | 65.2% | +11.7% |
| 2021 | 65.1% | -0.1% |
| 2022 | 61.2% | -5.9% |
| 2023 | 58.6% | -4.3% |
| 2024 | 60.5% | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.1% | 10.7% | 70.2% | 7 |
| 2000s | 35.8% | 18.0% | 48.6% | 10 |
| 2010s | 54.2% | 51.5% | 58.3% | 10 |
| 2020s | 62.1% | 58.6% | 65.2% | 5 |
Countries ranked near North Macedonia
More financial sector data for North Macedonia
- Net domestic credit (current LCU), per capita 360,001 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 34.32 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 17.39 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 7.76 million SDR (2025)
- Gold reserves at market value 706.83 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.53 billion SDR (2025)
- Reserves excluding gold 3.53 billion SDR (2025)
- Total reserves (gold at market value) 4.24 billion SDR (2025)
- Total reserves (gold at national valuation) 4.23 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,322 SDR per person (2025)
Frequently asked questions
- What is broad money in North Macedonia?
- Broad money in North Macedonia was 60.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in North Macedonia?
- The highest recorded value was 70.2% in 1993.
- What is the lowest broad money recorded in North Macedonia?
- The lowest recorded value was 10.7% in 1996.
- How does North Macedonia rank for broad money?
- North Macedonia ranks 79th out of 167 countries with data for 2024.
- Is broad money rising or falling in North Macedonia?
- Over the last ten years it is up 13.0%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.