Domestic credit to private sector by banks in North Macedonia
North Macedonia: Domestic credit to private sector by banks was 53.3% in 2025. ▲ Rising
Domestic credit to private sector by banks in North Macedonia, 1993–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, domestic credit to private sector by banks in North Macedonia stood at 53.3%.
Compared with earlier readings it is up 4.3% on the previous year and up 4.6% over ten years.
Over the whole period, domestic credit to private sector by banks in North Macedonia peaked at 56.4% in 1993 and was at its lowest, 16.3%, in 2001.
That places North Macedonia 68th out of 187 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 33 years of available data.
Domestic credit to private sector by banks in North Macedonia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1993 | 56.4% | — |
| 1994 | 43.1% | -23.6% |
| 1995 | 22.0% | -49.0% |
| 1996 | 25.2% | +14.8% |
| 1997 | 25.9% | +2.7% |
| 1998 | 16.8% | -35.0% |
| 1999 | 19.8% | +17.8% |
| 2000 | 17.0% | -14.5% |
| 2001 | 16.3% | -3.8% |
| 2002 | 16.7% | +2.2% |
| 2003 | 17.6% | +5.3% |
| 2004 | 20.9% | +18.9% |
| 2005 | 23.0% | +10.2% |
| 2006 | 27.7% | +20.4% |
| 2007 | 34.6% | +24.9% |
| 2008 | 41.8% | +20.8% |
| 2009 | 43.9% | +5.1% |
| 2010 | 44.6% | +1.5% |
| 2011 | 45.4% | +2.0% |
| 2012 | 47.6% | +4.8% |
| 2013 | 47.1% | -1.0% |
| 2014 | 49.3% | +4.5% |
| 2015 | 50.9% | +3.4% |
| 2016 | 47.9% | -6.0% |
| 2017 | 48.5% | +1.3% |
| 2018 | 48.7% | +0.4% |
| 2019 | 49.5% | +1.5% |
| 2020 | 53.7% | +8.5% |
| 2021 | 53.2% | -0.9% |
| 2022 | 52.0% | -2.3% |
| 2023 | 49.5% | -4.8% |
| 2024 | 51.1% | +3.3% |
| 2025 | 53.3% | +4.3% |
North Macedonia compared with similar countries
- North Macedonia's 53.3% is above the median for upper middle income countries, which is 39.8%, 1.3× the median. (55 countries reporting)
- North Macedonia's 53.3% is above the median for Europe & Central Asia, which is 52.1%, 1.0× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector by banks 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 |
|---|---|---|---|
| 1995 | -49.0% | 43.1% | 22.0% |
| 1998 | -35.0% | 25.9% | 16.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.9% | 16.8% | 56.4% | 7 |
| 2000s | 25.9% | 16.3% | 43.9% | 10 |
| 2010s | 48.0% | 44.6% | 50.9% | 10 |
| 2020s | 52.1% | 49.5% | 53.7% | 6 |
Countries ranked near North Macedonia
- 65 Russian Federation 54.6% compare
- 66 Morocco 53.5% compare
- 67 Cape Verde 53.4% compare
- 69 Philippines 52.1% compare
- 70 Bolivia, Plurinational State of 51.8% compare
- 71 Saint Lucia 51.7% compare
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 domestic credit to private sector by banks in North Macedonia?
- Domestic credit to private sector by banks in North Macedonia was 53.3% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in North Macedonia?
- The highest recorded value was 56.4% in 1993.
- What is the lowest domestic credit to private sector by banks recorded in North Macedonia?
- The lowest recorded value was 16.3% in 2001.
- How does North Macedonia rank for domestic credit to private sector by banks?
- North Macedonia ranks 68th out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in North Macedonia?
- Over the last ten years it is up 4.6%. 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 Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. 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.