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North Macedonia Private Credit (% GDP)

North Macedonia's private credit (% GDP) rose to 54.79% in 2024, up from 52.34% in 2023, according to World Bank. This represents an increase of 2.45% from the previous year. North Macedonia has private credit (% GDP) higher than the global median (54.79% vs median 39.47%). Within Europe, it ranks 21st out of 41 countries.

Yearly Historical Data (2012-2024)

(in %)
Year Private Credit (% GDP)
2024 54.79%
2023 52.34%
2022 54.3%
2021 55.5%
2020 55.75%
2019 51.27%
2018 50.24%
2017 49.88%
2016 48.98%
2015 52.03%
2014 50.51%
2013 47.65%
2012 48.11%
North Macedonia Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for North Macedonia.
Indicator Last Value Prior Value Period
Interest Rate 5.35% 5.35% Sep'25