Financial Development Index in North Macedonia
North Macedonia: Financial Development Index was 0.2517 in 2020. β Volatile
Financial Development Index in North Macedonia, 1980β2020
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.
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
- Net domestic credit (current LCU), per capita 360,001 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 34.32 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 17.39 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 7.76 million SDR (2025)
- Gold reserves at market value 706.83 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.53 billion SDR (2025)
- Reserves excluding gold 3.53 billion SDR (2025)
- Total reserves (gold at market value) 4.24 billion SDR (2025)
- Total reserves (gold at national valuation) 4.23 billion SDR (2025)
- Domestic credit to private sector by banks 53.3% (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.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.