North Macedonia: Financial development

* indicates monthly or quarterly data series
 North Macedonia

Financial development

 Latest value 0.260
 Year 2021
 Measure index points
 Data availability 1992 - 2021
 Average 0.194
 Min - Max 0.128 - 0.262
 Source International Monetary Fund
The latest value from 2021 is 0.26 index points, an increase from 0.258 index points in 2020. In comparison, the world average is 0.331 index points, based on data from 178 countries. Historically, the average for North Macedonia from 1992 to 2021 is 0.194 index points. The minimum value, 0.128 index points, was reached in 1994 while the maximum of 0.262 index points was recorded in 2019. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
North Macedonia - Financial development - Recent values chart

Historical series
North Macedonia - Financial development - historical chart - 1992-2021




Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Financial development 0.260 2021 index points
 Financial institutions development 0.506 2021 index points
 Financial institutions development, depth 0.230 2021 index points
 Financial institutions development, access 0.513 2021 index points
 Financial institutions development, efficiency 0.686 2021 index points
 Financial markets development 0.004 2021 index points
 Financial markets development, depth 0.011 2021 index points
This site uses cookies.
Learn more here


OK