Financial Institutions Depth Index in North Macedonia
North Macedonia: Financial Institutions Depth Index was 0.2196 in 2020. ◆ Volatile
Financial Institutions Depth Index in North Macedonia, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions depth index in North Macedonia stood at 0.2196.
The figure is up 8.5% on the previous year and up 46.5% over ten years.
Over the whole period, financial institutions depth index in North Macedonia peaked at 0.2318 in 1992 and was at its lowest, 0, in 1980.
North Macedonia ranks 81st of 183 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Financial Institutions Depth 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 | 0.2318 | — |
| 1993 | 0.2318 | +0.0% |
| 1994 | 0.1771 | -23.6% |
| 1995 | 0.1371 | -22.6% |
| 1996 | 0.1574 | +14.8% |
| 1997 | 0.15 | -4.7% |
| 1998 | 0.146 | -2.7% |
| 1999 | 0.1511 | +3.5% |
| 2000 | 0.1254 | -17.0% |
| 2001 | 0.1138 | -9.3% |
| 2002 | 0.1047 | -8.0% |
| 2003 | 0.0993 | -5.1% |
| 2004 | 0.104 | +4.8% |
| 2005 | 0.1032 | -0.8% |
| 2006 | 0.1114 | +8.0% |
| 2007 | 0.1266 | +13.7% |
| 2008 | 0.1389 | +9.7% |
| 2009 | 0.1449 | +4.3% |
| 2010 | 0.1499 | +3.5% |
| 2011 | 0.1545 | +3.1% |
| 2012 | 0.1655 | +7.1% |
| 2013 | 0.1658 | +0.2% |
| 2014 | 0.1746 | +5.3% |
| 2015 | 0.1835 | +5.1% |
| 2016 | 0.1817 | -1.0% |
| 2017 | 0.1893 | +4.2% |
| 2018 | 0.1938 | +2.4% |
| 2019 | 0.2023 | +4.4% |
| 2020 | 0.2196 | +8.5% |
North Macedonia compared with similar countries
- North Macedonia's 0.2196 is above the median for upper middle income countries, which is 0.1919, 1.1× the median. (54 countries reporting)
- North Macedonia's 0.2196 is below the median for Europe & Central Asia, which is 0.2816, 78% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 0.1382 | 0 | 0.2318 | 10 |
| 2000s | 0.1172 | 0.0993 | 0.1449 | 10 |
| 2010s | 0.1761 | 0.1499 | 0.2023 | 10 |
| 2020s | 0.2196 | 0.2196 | 0.2196 | 1 |
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 financial institutions depth index in North Macedonia?
- Financial institutions depth index in North Macedonia was 0.2196 in 2020, according to International Monetary Fund.
- What is the highest financial institutions depth index recorded in North Macedonia?
- The highest recorded value was 0.2318 in 1992.
- What is the lowest financial institutions depth index recorded in North Macedonia?
- The lowest recorded value was 0 in 1980.
- How does North Macedonia rank for financial institutions depth index?
- North Macedonia ranks 81st out of 183 countries with data for 2020.
- Is financial institutions depth index rising or falling in North Macedonia?
- Over the last ten years it is up 46.5%. 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 Financial Institutions Depth 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.