Total reserves (% of total external debt) in North Macedonia
North Macedonia: Total reserves (% of total external debt) was 40.9% in 2024. ▲ Rising
Total reserves in North Macedonia, 1993–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for total reserves in North Macedonia is 40.9%, measured in 2024.
That represents a change of up 2.1% on the previous year and down 7.7% over ten years.
Over the whole period, total reserves in North Macedonia peaked at 57.4% in 2006 and was at its lowest, 12.1%, in 1993.
That places North Macedonia 48th out of 112 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Total reserves (% of total external debt) in North Macedonia, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1993 | 12.1% | — |
| 1994 | 16.1% | +33.4% |
| 1995 | 22.8% | +41.5% |
| 1996 | 15.4% | -32.2% |
| 1997 | 22.8% | +47.4% |
| 1998 | 22.5% | -1.2% |
| 1999 | 31.8% | +41.2% |
| 2000 | 31.1% | -1.9% |
| 2001 | 53.4% | +71.6% |
| 2002 | 47.7% | -10.7% |
| 2003 | 50.1% | +5.0% |
| 2004 | 35.1% | -29.8% |
| 2005 | 45.0% | +28.1% |
| 2006 | 57.4% | +27.5% |
| 2007 | 54.4% | -5.2% |
| 2008 | 49.1% | -9.7% |
| 2009 | 43.9% | -10.6% |
| 2010 | 44.5% | +1.3% |
| 2011 | 44.6% | +0.2% |
| 2012 | 44.9% | +0.7% |
| 2013 | 43.3% | -3.6% |
| 2014 | 44.3% | +2.4% |
| 2015 | 37.5% | -15.4% |
| 2016 | 37.4% | -0.3% |
| 2017 | 33.2% | -11.0% |
| 2018 | 38.1% | +14.7% |
| 2019 | 41.1% | +7.7% |
| 2020 | 40.5% | -1.3% |
| 2021 | 38.0% | -6.3% |
| 2022 | 35.4% | -6.8% |
| 2023 | 40.1% | +13.2% |
| 2024 | 40.9% | +2.1% |
North Macedonia compared with similar countries
- North Macedonia's 40.9% is above the median for upper middle income countries, which is 38.0%, 1.1× the median. (51 countries reporting)
- North Macedonia's 40.9% is below the median for Europe & Central Asia, which is 47.8%, 86% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.5% | 12.1% | 31.8% | 7 |
| 2000s | 46.7% | 31.1% | 57.4% | 10 |
| 2010s | 40.9% | 33.2% | 44.9% | 10 |
| 2020s | 39.0% | 35.4% | 40.9% | 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 total reserves in North Macedonia?
- Total reserves in North Macedonia was 40.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total reserves recorded in North Macedonia?
- The highest recorded value was 57.4% in 2006.
- What is the lowest total reserves recorded in North Macedonia?
- The lowest recorded value was 12.1% in 1993.
- How does North Macedonia rank for total reserves?
- North Macedonia ranks 48th out of 112 countries with data for 2024.
- Is total reserves rising or falling in North Macedonia?
- Over the last ten years it is down 7.7%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total reserves (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a percentage of total external debt which are all liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.