North Macedonia: Financial development

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.

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.