North Macedonia: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 4.79 billion Euro as of March 2025, a decline compared to the previous value of 4.86 billion Euro. Historically, the average for North Macedonia from January 2005 to March 2025 is 2.44 billion Euro. The minimum of 0.72 billion Euro was recorded in January 2005, while the maximum of 5.04 billion Euro was reached in January 2025.
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* indicates monthly or quarterly data series
- Measure: billion Euro
- Source: National Bank of the Republic of Macedonia
| Recent values | North Macedonia: Foreign exchange reserves, billion currency units |
|---|---|
| 2025 Mar | 4.79 |
| 2025 Feb | 4.86 |
| 2025 Jan | 5.04 |
| 2024 Dec | 5.03 |
| 2024 Nov | 4.92 |
| 2024 Oct | 4.98 |
| 2024 Sep | 4.41 |
| 2024 Aug | 4.47 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 87.86 | 2021 | percent |
| Trade openness | 148.67 | 2023 | percent |
| Financial openness | -0.042 | 2021 | index points |
| Exports, percent of GDP | 67.82 | 2023 | percent |
| Exports, billion dollars | 10.69 | 2023 | billion U.S. dollars |
| Growth of exports | -0.13 | 2023 | percent |
| Imports, percent of GDP | 86.31 | 2023 | percent |
| Imports, billion dollars | 12.75 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 4.76 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.64 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | -0.38 | 2023 | million dollars (current) |
| Current account, percent of GDP | -6.74 | 2022 | percent |
| Current account, in dollars | 0.06 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -13.51 | 2023 | percent |
| Trade balance, in dollars | -2.06 | 2023 | billion U.S. dollars |
| Reserves | 5.01 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 3.13 | 2023 | percent |
| Remittances | 462.42 | 2023 | million U.S. dollars |
| Net errors and omissions | 52.03 | 2023 | million USD |
| External debt | 89.26 | 2022 | percent |
| Short-term external debt | 25.03 | 2023 | percent |
| Short-term debt to reserves | 62.96 | 2023 | percent |
| Foreign exchange reserves | 4.79 | 3/2025 | billion |