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Broad money (% of GDP) — all countries

Broad money (% of GDP) — North Macedonia

Broad money (% of GDP) in North Macedonia in 2024 — 60.5%. Ranked 54 in the world out of 115. Since 1993, the indicator has fallen by 9.71 pp.

2024 60.5% +1.88 pp vs 2023
World rank 54of 115
Period maximum 70.21%1993
Period minimum 10.73%1996

Trend over time

1993–2024 · % of GDP

Broad money (% of GDP) — North Macedonia, 1993–20240204060801993199720012005200920132017202120241993: 70.21%1994: 12.72%1995: 11.19%1996: 10.73%1997: 12.61%1998: 13.59%1999: 16.64%2000: 17.98%2001: 29.52%2002: 26.49%2003: 30.2%2004: 33.67%2005: 35.47%2006: 40.78%2007: 47.57%2008: 47.81%2009: 48.64%2010: 51.47%2011: 52.82%2012: 54.14%2013: 51.66%2014: 53.52%2015: 54.4%2016: 54.17%2017: 54.52%2018: 56.51%2019: 58.33%2020: 65.18%2021: 65.08%2022: 61.24%2023: 58.62%2024: 60.5%
Change over the period: −9.71 pp Annual average: -0.31 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: North Macedonia

North Macedonia 60.5%
World 136.11%
Upper-middle-income countries computed 168.28%
Broad money (% of GDP) — North Macedonia, by year North Macedonia All countries CSV XLSX
Year % Change, pp
2024 60.5 +1.88 pp
2023 58.62 −2.63 pp
2022 61.24 −3.84 pp
2021 65.08 −0.09 pp
2020 65.18 +6.85 pp
2019 58.33 +1.82 pp
2018 56.51 +1.99 pp
2017 54.52 +0.35 pp
2016 54.17 −0.23 pp
2015 54.4 +0.88 pp
2014 53.52 +1.86 pp
2013 51.66 −2.48 pp
2012 54.14 +1.32 pp
2011 52.82 +1.35 pp
2010 51.47 +2.83 pp
2009 48.64 +0.83 pp
2008 47.81 +0.24 pp
2007 47.57 +6.79 pp
2006 40.78 +5.31 pp
2005 35.47 +1.8 pp
2004 33.67 +3.47 pp
2003 30.2 +3.72 pp
2002 26.49 −3.03 pp
2001 29.52 +11.54 pp
2000 17.98 +1.35 pp
1999 16.64 +3.05 pp
1998 13.59 +0.99 pp
1997 12.61 +1.88 pp
1996 10.73 −0.46 pp
1995 11.19 −1.53 pp
1994 12.72 −57.49 pp
1993 70.21 —

Southern Europe, 2024

The same indicator for neighboring countries — with links to their pages

BA Bosnia and Herzegovina 72.8 AL Albania 70.9 MK North Macedonia 60.5 XK Kosovo 59.59 ME Montenegro 56.85 RS Serbia 52.97
Full table for all countries

About the indicator

Broad money, an aggregate close to M2/M3, as a percent of GDP: currency outside banks, demand deposits, time and savings deposits and, in a number of countries, short-term securities. The ratio to GDP is conventionally read as a measure of monetization and of the depth of the financial system, not as an indicator of inflationary pressure.

Source: World Economic Outlook (IMF), license IMF open data.

Other indicators for North Macedonia

Finance Credit to the private sector

The volume of bank lending to businesses and households as a percent of GDP.

North Macedonia by year Economy Consumer price inflation

The annual change in the consumer price index, in percent.

North Macedonia by year Finance Current account balance

The balance of a country's external transactions as a percent of GDP: surplus or deficit.

North Macedonia by year Finance Current account balance (World Bank)

The current account balance as a percent of GDP from World Bank data.

North Macedonia by year Finance Lending interest rate

The average rate at which banks lend to businesses and households.

North Macedonia by year
All indicators for North Macedonia