Credit to government and state-owned enterprises to GDP in North Macedonia

North Macedonia: Credit to government and state-owned enterprises to GDP was 11.1% in 2020. ◆ Volatile

Latest (2020)
11.1%
Change on year
up 65.5%
World rank
93rd
of 178 countries
All-time high
31.8%
in 1994
All-time low
0.7%
in 1999
Years of data
27
1994–2020

Credit to government and state-owned enterprises to GDP in North Macedonia, 1994–2020

01020301994200720201994: 31.8 %1995: 3.5 %1996: 3.5 %1997: 1 %1998: 0.781 %1999: 0.7 %2000: 3.2 %2001: 3.4 %2002: 3.5 %2003: 2.7 %2004: 2.9 %2005: 2.6 %2006: 4.2 %2007: 3.6 %2008: 2.3 %2009: 3.3 %2010: 4.2 %2011: 3.7 %2012: 7 %2013: 8 %2014: 6.6 %2015: 7.1 %2016: 6.1 %2017: 6.1 %2018: 5.9 %2019: 6.7 %2020: 11.1 %

Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.

Analysis

North Macedonia recorded 11.1% for credit to government and state-owned enterprises to gdp in 2020.

Compared with earlier readings it is up 65.5% on the previous year and up 162.7% over ten years.

Over the whole period, credit to government and state-owned enterprises to gdp in North Macedonia peaked at 31.8% in 1994 and was at its lowest, 0.7%, in 1999.

North Macedonia ranks 93rd of 178 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Credit to government and state-owned enterprises to GDP in North Macedonia, year by year

Annual values for Credit to government and state-owned enterprises to GDP (%) in North Macedonia, 1994 to 2020.
Year % Change
1994 31.8%
1995 3.5% -89.1%
1996 3.5% +0.6%
1997 1.0% -70.3%
1998 0.8% -24.3%
1999 0.7% -10.3%
2000 3.2% +353.3%
2001 3.4% +6.1%
2002 3.5% +4.2%
2003 2.7% -22.4%
2004 2.9% +5.0%
2005 2.6% -8.5%
2006 4.2% +59.9%
2007 3.6% -14.7%
2008 2.3% -35.6%
2009 3.3% +42.0%
2010 4.2% +29.7%
2011 3.7% -11.9%
2012 7.0% +86.5%
2013 8.0% +14.3%
2014 6.6% -17.0%
2015 7.1% +7.6%
2016 6.1% -14.7%
2017 6.1% +0.3%
2018 5.9% -2.2%
2019 6.7% +13.1%
2020 11.1% +65.5%

Averages by decade

DecadeAverage LowestHighest Years
1990s 6.9% 0.7% 31.8% 6
2000s 3.2% 2.3% 4.2% 10
2010s 6.1% 3.7% 8.0% 10
2020s 11.1% 11.1% 11.1% 1

Countries ranked near North Macedonia

  1. 90 Austria 11.4% compare
  2. 91 Iran, Islamic Republic of 11.3% compare
  3. 92 Iceland 11.2% compare
  4. 94 Sweden 11.1% compare
  5. 95 Indonesia 11.0% compare
  6. 96 Honduras 10.8% compare

See the full ranking of 178 places →

More financial sector data for North Macedonia

All data for North Macedonia →

Frequently asked questions

What is credit to government and state-owned enterprises to gdp in North Macedonia?
Credit to government and state-owned enterprises to gdp in North Macedonia was 11.1% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
What is the highest credit to government and state-owned enterprises to gdp recorded in North Macedonia?
The highest recorded value was 31.8% in 1994.
What is the lowest credit to government and state-owned enterprises to gdp recorded in North Macedonia?
The lowest recorded value was 0.7% in 1999.
How does North Macedonia rank for credit to government and state-owned enterprises to gdp?
North Macedonia ranks 93rd out of 178 countries with data for 2020.
Is credit to government and state-owned enterprises to gdp rising or falling in North Macedonia?
Over the last ten years it is up 162.7%. The long-run trend across the full record is volatile.
Where does this North Macedonia data come from?
The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Credit to government and state-owned enterprises to GDP (%). Statizoid updates them automatically from the source API.

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Credit to government and state-owned enterprises to GDP in North Macedonia. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 12 September 2026, from https://financial-sector.statizoid.com/stat/credit-to-government-and-state-owned-enterprises-to-gdp-percent/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).