Financial system deposits to GDP in North Macedonia
North Macedonia: Financial system deposits to GDP was 58.4% in 2021. ▲ Rising
Financial system deposits to GDP in North Macedonia, 1993–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for financial system deposits to gdp in North Macedonia is 58.4%, measured in 2021.
The figure is down 0.3% on the previous year and up 22.9% over ten years.
Over the whole period, financial system deposits to gdp in North Macedonia peaked at 65.9% in 1993 and was at its lowest, 7.3%, in 1996.
North Macedonia ranks 91st of 185 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Financial system deposits to GDP in North Macedonia, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 65.9% | — |
| 1994 | 9.6% | -85.4% |
| 1995 | 7.8% | -18.4% |
| 1996 | 7.3% | -7.2% |
| 1997 | 9.1% | +25.1% |
| 1998 | 10.2% | +12.0% |
| 1999 | 12.9% | +26.3% |
| 2000 | 14.2% | +9.9% |
| 2001 | 23.9% | +69.0% |
| 2002 | 21.0% | -12.1% |
| 2003 | 24.4% | +16.3% |
| 2004 | 28.1% | +14.9% |
| 2005 | 30.1% | +7.1% |
| 2006 | 35.2% | +17.1% |
| 2007 | 41.8% | +18.8% |
| 2008 | 42.3% | +1.2% |
| 2009 | 43.3% | +2.4% |
| 2010 | 46.5% | +7.3% |
| 2011 | 47.5% | +2.3% |
| 2012 | 48.9% | +2.9% |
| 2013 | 47.0% | -4.0% |
| 2014 | 48.5% | +3.2% |
| 2015 | 49.1% | +1.2% |
| 2016 | 48.7% | -0.9% |
| 2017 | 49.1% | +0.9% |
| 2018 | 50.2% | +2.3% |
| 2019 | 51.9% | +3.4% |
| 2020 | 58.6% | +12.9% |
| 2021 | 58.4% | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.5% | 7.3% | 65.9% | 7 |
| 2000s | 30.4% | 14.2% | 43.3% | 10 |
| 2010s | 48.7% | 46.5% | 51.9% | 10 |
| 2020s | 58.5% | 58.4% | 58.6% | 2 |
Countries ranked near North Macedonia
More financial sector data for North Macedonia
- Total reserves in months of imports, annual growth rate -0.2499 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -1.45 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1849 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,939 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -1.47 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,939 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 5.24 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 2,327 SDR per person (2025)
Frequently asked questions
- What is financial system deposits to gdp in North Macedonia?
- Financial system deposits to gdp in North Macedonia was 58.4% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in North Macedonia?
- The highest recorded value was 65.9% in 1993.
- What is the lowest financial system deposits to gdp recorded in North Macedonia?
- The lowest recorded value was 7.3% in 1996.
- How does North Macedonia rank for financial system deposits to gdp?
- North Macedonia ranks 91st out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in North Macedonia?
- Over the last ten years it is up 22.9%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).