Goods balance (credit less debit), Net (credits less debits) (US) in North Macedonia
North Macedonia: Goods balance (credit less debit), Net (credits less debits) (US) was -3.34 billion in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in North Macedonia, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in North Macedonia is -3.34 billion, measured in 2024.
Compared with earlier readings it is down 17.1% on the previous year and down 35.1% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in North Macedonia peaked at -1.24 billion in 2005 and was at its lowest, -3.67 billion, in 2022.
North Macedonia ranks 136th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) (US) in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.24 billion | — |
| 2006 | -1.42 billion | +14.8% |
| 2007 | -1.88 billion | +32.3% |
| 2008 | -2.84 billion | +51.5% |
| 2009 | -2.42 billion | -14.8% |
| 2010 | -2.03 billion | -16.1% |
| 2011 | -2.64 billion | +30.0% |
| 2012 | -2.58 billion | -2.2% |
| 2013 | -2.47 billion | -4.2% |
| 2014 | -2.47 billion | -0.2% |
| 2015 | -2.02 billion | -18.3% |
| 2016 | -2.01 billion | -0.5% |
| 2017 | -2.01 billion | +0.3% |
| 2018 | -2.05 billion | +2.0% |
| 2019 | -2.18 billion | +6.2% |
| 2020 | -2.06 billion | -5.6% |
| 2021 | -2.75 billion | +33.5% |
| 2022 | -3.67 billion | +33.3% |
| 2023 | -2.85 billion | -22.3% |
| 2024 | -3.34 billion | +17.1% |
North Macedonia compared with similar countries
- North Macedonia's -3.34 billion is below the median for upper middle income countries, which is -778.45 million, 4.3× the median. (54 countries reporting)
- North Macedonia's -3.34 billion is below the median for Europe & Central Asia, which is -3.17 billion, 1.1× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.96 billion | -2.84 billion | -1.24 billion | 5 |
| 2010s | -2.25 billion | -2.64 billion | -2.01 billion | 10 |
| 2020s | -2.93 billion | -3.67 billion | -2.06 billion | 5 |
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 goods balance (credit less debit), net (credits less debits) in North Macedonia?
- Goods balance (credit less debit), net (credits less debits) in North Macedonia was -3.34 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in North Macedonia?
- The highest recorded value was -1.24 billion in 2005.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in North Macedonia?
- The lowest recorded value was -3.67 billion in 2022.
- How does North Macedonia rank for goods balance (credit less debit), net (credits less debits)?
- North Macedonia ranks 136th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in North Macedonia?
- Over the last ten years it is down 35.1%. The long-run trend across the full record is falling.
- Where does this North Macedonia data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.