Credit to the private sector — all countries

Credit to the private sector — North Macedonia

Credit to the private sector in North Macedonia in 2025 — 56.31%. Ranked 30 in the world out of 87. Since 2012, the indicator has risen by 8.2 pp.

2025 56.31% +2.38 pp vs 2024
World rank 30of 87
Period maximum 56.31%2025
Period minimum 47.65%2013

Trend over time

2012–2025 · % of GDP

Credit to the private sector — North Macedonia, 2012–202547.55052.55557.5201220142016201820202022202420252012: 48.11%2013: 47.65%2014: 50.51%2015: 52.03%2016: 48.98%2017: 49.88%2018: 50.24%2019: 51.27%2020: 55.75%2021: 55.5%2022: 54.3%2023: 52.04%2024: 53.92%2025: 56.31%
Change over the period: +8.2 pp Annual average: 0.63 pp

Comparison, 2025

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

North Macedonia 56.31%
Credit to the private sector — North Macedonia, by year North Macedonia All countries CSV XLSX
Year % Change, pp
2025 56.31 +2.38 pp
2024 53.92 +1.89 pp
2023 52.04 −2.26 pp
2022 54.3 −1.21 pp
2021 55.5 −0.25 pp
2020 55.75 +4.48 pp
2019 51.27 +1.02 pp
2018 50.24 +0.36 pp
2017 49.88 +0.91 pp
2016 48.98 −3.05 pp
2015 52.03 +1.52 pp
2014 50.51 +2.86 pp
2013 47.65 −0.46 pp
2012 48.11

Southern Europe, 2025

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

XK Kosovo 65.62 MK North Macedonia 56.31 RS Serbia 35.36

About the indicator

Domestic credit to the private sector by financial institutions as a percent of GDP: loans, purchases of non-equity securities, trade credit and other accounts receivable. An indicator of financial development, but of potential risk as well: growth that is too fast relative to GDP is one of the most reliable precursors of banking crises.

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