Domestic credit to private sector in North Macedonia
North Macedonia: Domestic credit to private sector was 56.9% in 2020. ▲ Rising
Domestic credit to private sector in North Macedonia, 2012–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
In 2020, domestic credit to private sector in North Macedonia stood at 56.9%. That is the highest value across all 9 years on record.
That represents a change of up 10.9% on the previous year and up 18.2% over ten years.
Over the whole period, domestic credit to private sector in North Macedonia peaked at 56.9% in 2020 and was at its lowest, 47.6%, in 2013.
North Macedonia ranks 75th of 187 countries on this measure, in the middle of the range.
Domestic credit to private sector in North Macedonia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2012 | 48.1% | — |
| 2013 | 47.6% | -1.0% |
| 2014 | 50.5% | +6.0% |
| 2015 | 52.0% | +3.0% |
| 2016 | 49.0% | -5.9% |
| 2017 | 49.9% | +1.9% |
| 2018 | 50.2% | +0.7% |
| 2019 | 51.3% | +2.0% |
| 2020 | 56.9% | +10.9% |
North Macedonia compared with similar countries
- North Macedonia's 56.9% is above the median for upper middle income countries, which is 52.0%, 1.1× the median. (55 countries reporting)
- North Macedonia's 56.9% is below the median for Europe & Central Asia, which is 59.9%, 95% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 49.8% | 47.6% | 52.0% | 8 |
| 2020s | 56.9% | 56.9% | 56.9% | 1 |
Countries ranked near North Macedonia
- 72 Croatia 59.8% compare
- 73 Grenada 59.4% compare
- 74 Bosnia and Herzegovina 58.5% compare
- 76 Jamaica 56.3% compare
- 77 Saint Kitts and Nevis 55.4% compare
- 78 Antigua and Barbuda 55.4% 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 in North Macedonia?
- Domestic credit to private sector in North Macedonia was 56.9% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in North Macedonia?
- The highest recorded value was 56.9% in 2020.
- What is the lowest domestic credit to private sector recorded in North Macedonia?
- The lowest recorded value was 47.6% in 2013.
- How does North Macedonia rank for domestic credit to private sector?
- North Macedonia ranks 75th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in North Macedonia?
- Over the last ten years it is up 18.2%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.