Financial Institutions Efficiency Index in North Macedonia
North Macedonia: Financial Institutions Efficiency Index was 0.6698 in 2020. ◆ Volatile
Financial Institutions Efficiency Index in North Macedonia, 1980–2020
Source: International Monetary Fund.
Analysis
North Macedonia recorded 0.6698 for financial institutions efficiency index in 2020.
Compared with earlier readings it is down 3.2% on the previous year and up 9.1% over ten years.
Over the whole period, financial institutions efficiency index in North Macedonia peaked at 0.6919 in 2019 and was at its lowest, 0, in 1980.
That places North Macedonia 38th out of 183 countries with data for 2020, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial Institutions Efficiency 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 | 0.3933 | — |
| 1993 | 0.4465 | +13.5% |
| 1994 | 0.2928 | -34.4% |
| 1995 | 0.4295 | +46.7% |
| 1996 | 0.3541 | -17.5% |
| 1997 | 0.4456 | +25.8% |
| 1998 | 0.3833 | -14.0% |
| 1999 | 0.3995 | +4.2% |
| 2000 | 0.457 | +14.4% |
| 2001 | 0.4024 | -12.0% |
| 2002 | 0.4109 | +2.1% |
| 2003 | 0.4978 | +21.1% |
| 2004 | 0.513 | +3.1% |
| 2005 | 0.549 | +7.0% |
| 2006 | 0.5878 | +7.1% |
| 2007 | 0.5991 | +1.9% |
| 2008 | 0.6083 | +1.5% |
| 2009 | 0.5772 | -5.1% |
| 2010 | 0.6142 | +6.4% |
| 2011 | 0.5976 | -2.7% |
| 2012 | 0.585 | -2.1% |
| 2013 | 0.6064 | +3.7% |
| 2014 | 0.6269 | +3.4% |
| 2015 | 0.6485 | +3.4% |
| 2016 | 0.6609 | +1.9% |
| 2017 | 0.6566 | -0.6% |
| 2018 | 0.681 | +3.7% |
| 2019 | 0.6919 | +1.6% |
| 2020 | 0.6698 | -3.2% |
North Macedonia compared with similar countries
- North Macedonia's 0.6698 is above the median for upper middle income countries, which is 0.5976, 1.1× the median. (54 countries reporting)
- North Macedonia's 0.6698 is above the median for Europe & Central Asia, which is 0.583, 1.1× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Financial Institutions Efficiency Index 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 | +46.7% | 0.2928 | 0.4295 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 0.3145 | 0 | 0.4465 | 10 |
| 2000s | 0.5203 | 0.4024 | 0.6083 | 10 |
| 2010s | 0.6369 | 0.585 | 0.6919 | 10 |
| 2020s | 0.6698 | 0.6698 | 0.6698 | 1 |
Countries ranked near North Macedonia
- 35 Bangladesh 0.6716 compare
- 36 Burundi 0.6714 compare
- 37 Seychelles 0.6705 compare
- 39 Burkina Faso 0.6687 compare
- 40 Philippines 0.6661 compare
- 41 South Africa 0.666 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 institutions efficiency index in North Macedonia?
- Financial institutions efficiency index in North Macedonia was 0.6698 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in North Macedonia?
- The highest recorded value was 0.6919 in 2019.
- What is the lowest financial institutions efficiency index recorded in North Macedonia?
- The lowest recorded value was 0 in 1980.
- How does North Macedonia rank for financial institutions efficiency index?
- North Macedonia ranks 38th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in North Macedonia?
- Over the last ten years it is up 9.1%. 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 Efficiency Index. Statizoid updates them automatically from the source API.
Download this data
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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.