Private credit by deposit money banks to GDP in North Macedonia
North Macedonia: Private credit by deposit money banks to GDP was 53.7% in 2021. ▲ Rising
Private credit by deposit money banks to GDP 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 to gdp in North Macedonia is 53.7%, measured in 2021.
Compared with earlier readings it is down 2.0% on the previous year and up 18.1% over ten years.
Over the whole period, private credit by deposit money banks to gdp in North Macedonia peaked at 56.4% in 1993 and was at its lowest, 16.3%, in 2001.
North Macedonia ranks 77th of 187 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.
Private credit by deposit money banks to GDP 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 | 47.6% | +4.8% |
| 2013 | 47.1% | -1.0% |
| 2014 | 49.3% | +4.5% |
| 2015 | 50.9% | +3.4% |
| 2016 | 47.9% | -6.0% |
| 2017 | 48.5% | +1.3% |
| 2018 | 48.7% | +0.4% |
| 2019 | 49.5% | +1.5% |
| 2020 | 54.8% | +10.8% |
| 2021 | 53.7% | -2.0% |
North Macedonia compared with similar countries
- North Macedonia's 53.7% is above the median for upper middle income countries, which is 49.7%, 1.1× the median. (55 countries reporting)
- North Macedonia's 53.7% is below the median for Europe & Central Asia, which is 56.3%, 95% of the median. (49 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks to GDP 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 | 48.0% | 44.6% | 50.9% | 10 |
| 2020s | 54.2% | 53.7% | 54.8% | 2 |
Countries ranked near North Macedonia
- 74 United States of America 54.6% compare
- 75 Saudi Arabia 54.0% compare
- 76 Croatia 54.0% compare
- 78 Czechia 53.6% compare
- 79 El Salvador 53.1% compare
- 80 Montenegro 52.7% 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 private credit by deposit money banks to gdp in North Macedonia?
- Private credit by deposit money banks to gdp in North Macedonia was 53.7% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in North Macedonia?
- The highest recorded value was 56.4% in 1993.
- What is the lowest private credit by deposit money banks to gdp 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 to gdp?
- North Macedonia ranks 77th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in North Macedonia?
- Over the last ten years it is up 18.1%. 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 to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 (IFS line 22d); 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).