Private credit by deposit money banks and other financial in North Macedonia
North Macedonia: Private credit by deposit money banks and other financial was 55.9% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in North Macedonia, 1993–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks and other financial in North Macedonia is 55.9%, measured in 2021.
Compared with earlier readings it is down 1.6% on the previous year and up 23.0% over ten years.
Over the whole period, private credit by deposit money banks and other financial in North Macedonia peaked at 56.7% in 2020 and was at its lowest, 16.3%, in 2001.
That places North Macedonia 80th out of 187 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Private credit by deposit money banks and other financial in North Macedonia, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 56.4% | — |
| 1994 | 43.1% | -23.6% |
| 1995 | 22.0% | -49.0% |
| 1996 | 25.2% | +14.8% |
| 1997 | 25.9% | +2.7% |
| 1998 | 16.8% | -35.0% |
| 1999 | 19.8% | +17.8% |
| 2000 | 17.0% | -14.5% |
| 2001 | 16.3% | -3.8% |
| 2002 | 16.7% | +2.2% |
| 2003 | 17.6% | +5.3% |
| 2004 | 20.9% | +18.9% |
| 2005 | 23.0% | +10.2% |
| 2006 | 27.7% | +20.4% |
| 2007 | 34.6% | +24.9% |
| 2008 | 41.7% | +20.7% |
| 2009 | 43.9% | +5.1% |
| 2010 | 44.6% | +1.5% |
| 2011 | 45.4% | +2.0% |
| 2012 | 47.9% | +5.4% |
| 2013 | 47.4% | -0.9% |
| 2014 | 50.3% | +6.1% |
| 2015 | 51.9% | +3.1% |
| 2016 | 48.8% | -5.9% |
| 2017 | 49.7% | +1.8% |
| 2018 | 50.1% | +0.8% |
| 2019 | 51.1% | +2.1% |
| 2020 | 56.7% | +11.0% |
| 2021 | 55.9% | -1.6% |
North Macedonia compared with similar countries
- North Macedonia's 55.9% is above the median for upper middle income countries, which is 50.2%, 1.1× the median. (55 countries reporting)
- North Macedonia's 55.9% is below the median for Europe & Central Asia, which is 56.3%, 99% of the median. (49 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks and other financial 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 | -49.0% | 43.1% | 22.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.9% | 16.8% | 56.4% | 7 |
| 2000s | 25.9% | 16.3% | 43.9% | 10 |
| 2010s | 48.7% | 44.6% | 51.9% | 10 |
| 2020s | 56.3% | 55.9% | 56.7% | 2 |
Countries ranked near North Macedonia
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)
- Total reserves (gold at national valuation) (SDR), per capita 2,322 SDR per person (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in North Macedonia?
- Private credit by deposit money banks and other financial in North Macedonia was 55.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in North Macedonia?
- The highest recorded value was 56.7% in 2020.
- What is the lowest private credit by deposit money banks and other financial recorded in North Macedonia?
- The lowest recorded value was 16.3% in 2001.
- How does North Macedonia rank for private credit by deposit money banks and other financial?
- North Macedonia ranks 80th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in North Macedonia?
- Over the last ten years it is up 23.0%. 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 Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)