Financial Development Index in North Macedonia
North Macedonia: Financial Development Index was 0.2517 in 2020. ◆ Volatile
Financial Development Index in North Macedonia, 1980–2020
Source: International Monetary Fund.
Analysis
North Macedonia recorded 0.2517 for financial development index in 2020.
The figure is down 2.2% on the previous year and up 10.2% over ten years.
Over the whole period, financial development index in North Macedonia peaked at 0.2573 in 2019 and was at its lowest, 0, in 1980.
That places North Macedonia 94th out of 183 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Financial Development Index in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0 | — |
| 1981 | 0 | — |
| 1982 | 0 | — |
| 1983 | 0 | — |
| 1984 | 0 | — |
| 1985 | 0 | — |
| 1986 | 0 | — |
| 1987 | 0 | — |
| 1988 | 0 | — |
| 1989 | 0 | — |
| 1990 | 0 | — |
| 1991 | 0 | — |
| 1992 | 0.1546 | — |
| 1993 | 0.1616 | +4.5% |
| 1994 | 0.1248 | -22.7% |
| 1995 | 0.1363 | +9.2% |
| 1996 | 0.1303 | -4.4% |
| 1997 | 0.1398 | +7.3% |
| 1998 | 0.134 | -4.2% |
| 1999 | 0.1426 | +6.4% |
| 2000 | 0.144 | +1.0% |
| 2001 | 0.1335 | -7.3% |
| 2002 | 0.1283 | -3.9% |
| 2003 | 0.1402 | +9.3% |
| 2004 | 0.1454 | +3.7% |
| 2005 | 0.1465 | +0.8% |
| 2006 | 0.1674 | +14.2% |
| 2007 | 0.1887 | +12.8% |
| 2008 | 0.2163 | +14.6% |
| 2009 | 0.2198 | +1.6% |
| 2010 | 0.2284 | +3.9% |
| 2011 | 0.2238 | -2.0% |
| 2012 | 0.225 | +0.5% |
| 2013 | 0.2326 | +3.4% |
| 2014 | 0.2387 | +2.6% |
| 2015 | 0.2481 | +3.9% |
| 2016 | 0.2508 | +1.1% |
| 2017 | 0.253 | +0.9% |
| 2018 | 0.2526 | -0.2% |
| 2019 | 0.2573 | +1.9% |
| 2020 | 0.2517 | -2.2% |
North Macedonia compared with similar countries
- North Macedonia's 0.2517 is below the median for upper middle income countries, which is 0.2539, 99% of the median. (54 countries reporting)
- North Macedonia's 0.2517 is below the median for Europe & Central Asia, which is 0.4521, 56% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 0.1124 | 0 | 0.1616 | 10 |
| 2000s | 0.163 | 0.1283 | 0.2198 | 10 |
| 2010s | 0.2411 | 0.2238 | 0.2573 | 10 |
| 2020s | 0.2517 | 0.2517 | 0.2517 | 1 |
Countries ranked near North Macedonia
- 91 Bosnia and Herzegovina 0.2576 compare
- 92 Cape Verde 0.2574 compare
- 93 Armenia 0.2561 compare
- 95 Serbia 0.2512 compare
- 96 Bangladesh 0.2439 compare
- 97 El Salvador 0.2368 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 financial development index in North Macedonia?
- Financial development index in North Macedonia was 0.2517 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in North Macedonia?
- The highest recorded value was 0.2573 in 2019.
- What is the lowest financial development index recorded in North Macedonia?
- The lowest recorded value was 0 in 1980.
- How does North Macedonia rank for financial development index?
- North Macedonia ranks 94th out of 183 countries with data for 2020.
- Is financial development index rising or falling in North Macedonia?
- Over the last ten years it is up 10.2%. 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 Financial Development Index. Statizoid updates them automatically from the source API.
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About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.