Current account balance (credit less debit), Net (credits less) in North Macedonia
North Macedonia: Current account balance (credit less debit), Net (credits less) was -356.02 million in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in North Macedonia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in North Macedonia stood at -356.02 million.
The figure is down 807.0% on the previous year and down 550.5% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in North Macedonia peaked at 50.35 million in 2023 and was at its lowest, -1.24 billion, in 2008.
That places North Macedonia 108th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -159.30 million | — |
| 2006 | -28.55 million | -82.1% |
| 2007 | -605.75 million | +2021.8% |
| 2008 | -1.24 billion | +104.0% |
| 2009 | -609.57 million | -50.7% |
| 2010 | -198.29 million | -67.5% |
| 2011 | -261.70 million | +32.0% |
| 2012 | -319.14 million | +21.9% |
| 2013 | -177.16 million | -44.5% |
| 2014 | -54.73 million | -69.1% |
| 2015 | -172.33 million | +214.8% |
| 2016 | -284.30 million | +65.0% |
| 2017 | -66.29 million | -76.7% |
| 2018 | 18.17 million | -127.4% |
| 2019 | -376.49 million | -2171.9% |
| 2020 | -360.44 million | -4.3% |
| 2021 | -374.85 million | +4.0% |
| 2022 | -868.97 million | +131.8% |
| 2023 | 50.35 million | -105.8% |
| 2024 | -356.02 million | -807.0% |
North Macedonia compared with similar countries
- North Macedonia's -356.02 million is above the median for upper middle income countries, which is -494.28 million, 72% of the median. (54 countries reporting)
- North Macedonia's -356.02 million is above the median for Europe & Central Asia, which is -449.44 million, 79% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in North Macedonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2019 | -2171.9% | 18.17 million | -376.49 million |
| 2007 | -2021.8% | -28.55 million | -605.75 million |
| 2024 | -807.0% | 50.35 million | -356.02 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -527.79 million | -1.24 billion | -28.55 million | 5 |
| 2010s | -189.23 million | -376.49 million | 18.17 million | 10 |
| 2020s | -381.99 million | -868.97 million | 50.35 million | 5 |
Countries ranked near North Macedonia
More financial sector data for North Macedonia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in North Macedonia?
- Current account balance (credit less debit), net (credits less debits) in North Macedonia was -356.02 million in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in North Macedonia?
- The highest recorded value was 50.35 million in 2023.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in North Macedonia?
- The lowest recorded value was -1.24 billion in 2008.
- How does North Macedonia rank for current account balance (credit less debit), net (credits less debits)?
- North Macedonia ranks 108th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in North Macedonia?
- Over the last ten years it is down 550.5%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.