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North Macedonia - Credit to GDP 2023

Name: North Macedonia Credit to GDP 2023
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Domestic credit to private sector as % of GDP · World Bank

52.04% −2.25% from 2022 Global rank: 90th

North Macedonia's credit to gdp was 52.04% in 2023, decreased +2.25% from 54.30% in 2022. This was the 90th highest globally.

Global Ranking - 2023▾

Credit to GDP by Country - 2023
Rank	Country	Value	YoY
1st	Somalia, Fed. Rep.	0.00%	28.0%
2nd	South Sudan	3.05%	1.0%
3rd	Sierra Leone	3.24%	-8.5%
4th	Haiti	5.17%	-37.3%
5th	Equatorial Guinea	5.91%	-26.9%
6th	Zimbabwe	6.48%	11.2%
7th	Angola	7.57%	10.2%
8th	Malawi	7.75%	-10.4%
9th	São Tomé and Principe	7.82%	-39.2%
10th	Gambia, The	8.73%	-9.3%
11th	Ghana	9.45%	-28.9%
12th	Niger	11.06%	-11.4%
13th	Congo, Democratic Republic of	11.29%	32.2%
14th	Pakistan	12.02%	-19.0%
15th	Libya	12.22%	14.0%
16th	Tajikistan	12.22%	17.3%
17th	Guinea-Bissau	12.28%	-15.6%
18th	Iraq	12.55%	31.6%
19th	Congo, Republic of	13.79%	8.0%
20th	Uganda	14.81%	-1.8%
21st	Argentina	15.36%	19.1%
22nd	Tanzania	16.39%	8.1%
23rd	Papua New Guinea	16.51%	9.8%
24th	Suriname	16.60%	-14.3%
25th	Madagascar	17.11%	-8.2%
26th	Comoros	18.33%	7.5%
27th	Mozambique	18.52%	-10.6%
28th	Benin	18.61%	8.8%
29th	Ukraine	18.65%	-20.0%
30th	Algeria	18.85%	3.3%
31st	Guyana	19.93%	-1.3%
32nd	Kyrgyz Republic	19.95%	-4.1%
33rd	Eswatini	21.31%	-0.2%
34th	Djibouti	21.82%	10.0%
35th	Côte d'Ivoire	21.90%	5.0%
36th	Rwanda	22.35%	-2.2%
37th	Azerbaijan	23.13%	26.4%
38th	Mali	23.20%	-6.3%
39th	Romania	23.25%	-7.8%
40th	Timor-Leste	23.68%	86.1%
41st	Lesotho	24.87%	14.6%
42nd	Ireland	25.22%	-0.9%
43rd	Moldova	25.58%	-7.0%
44th	Togo	26.04%	-2.0%
45th	Kazakhstan	26.05%	4.1%
46th	Latvia	28.56%	-7.9%
47th	Uruguay	28.58%	7.3%
48th	Egypt, Arab Republic of	29.26%	-5.2%
49th	Nicaragua	30.01%	1.0%
50th	Botswana	30.06%	0.6%
51st	Dominican Republic	30.84%	10.3%
52nd	Senegal	31.45%	-2.3%
53rd	Kenya	31.80%	1.7%
54th	Burkina Faso	31.91%	0.8%
55th	Albania	32.47%	-3.9%
56th	Hungary	32.87%	-8.8%
57th	Serbia	33.04%	-13.9%
58th	Mexico	33.15%	-3.2%
59th	Uzbekistan	34.36%	5.0%
60th	Lithuania	34.39%	-3.7%
61st	Poland	34.71%	-11.7%
62nd	Solomon Islands	34.78%	0.2%
63rd	Tonga	35.65%	-0.9%
64th	Maldives	35.84%	1.8%
65th	Indonesia	36.01%	2.1%
66th	Slovenia	36.34%	-11.8%
67th	Brunei Darussalam	37.08%	17.5%
68th	Guatemala	37.13%	1.5%
69th	Burundi	37.38%	7.0%
70th	Bangladesh	37.64%	-3.4%
71st	Antigua and Barbuda	38.01%	-0.4%
72nd	Mongolia	38.61%	-5.8%
73rd	St. Vincent and the Grenadines	39.70%	-3.6%
74th	Colombia	41.66%	-5.7%
75th	Dominica	41.77%	-8.9%
76th	Belize	42.04%	-1.1%
77th	Montenegro	42.38%	-10.1%
78th	Jamaica	44.57%	-3.5%
79th	Bulgaria	45.32%	1.3%
80th	Trinidad and Tobago	45.53%	22.6%
81st	Croatia	46.44%	-8.1%
82nd	Bosnia and Herzegovina	47.34%	-1.6%
83rd	Czechia	47.72%	-1.9%
84th	Philippines	48.31%	-1.1%
85th	Türkiye	48.88%	-8.8%
86th	Greece	49.22%	-6.2%
87th	St. Lucia	50.62%	-0.9%
88th	Grenada	50.99%	-4.9%
89th	Costa Rica	51.12%	-2.9%
90th	North Macedonia	52.04%	-4.2%
91st	Paraguay	52.36%	2.6%
92nd	Vanuatu	53.55%	-3.1%
93rd	Ecuador	54.49%	4.0%
94th	West Bank and Gaza	55.06%	15.4%
95th	Kosovo	55.25%	4.7%
96th	Armenia	55.40%	5.4%
97th	Cabo Verde	56.33%	-2.7%
98th	Aruba	56.71%	-6.3%
99th	Estonia	57.66%	0.8%
100th	Barbados	59.73%	-2.2%
101st	Oman	59.75%	7.1%
102nd	Bolivia, Plurinational State of	60.22%	-4.3%
103rd	Cyprus	60.57%	-14.5%
104th	Slovak Republic	61.46%	-7.9%
105th	St. Kitts and Nevis	61.71%	-2.2%
106th	El Salvador	61.90%	-1.1%
107th	Tunisia	62.73%	-5.0%
108th	Italy	63.13%	-9.3%
109th	Malta	64.20%	-6.9%
110th	Georgia	66.06%	4.8%
111th	Belgium	69.28%	-4.6%
112th	Israel	69.55%	-0.8%
113th	Mauritius	69.89%	-3.4%
114th	Brazil	71.08%	0.7%
115th	Bhutan	71.44%	5.3%
116th	Samoa	74.15%	-16.6%
117th	Honduras	75.63%	7.9%
118th	Germany	77.25%	-4.7%
119th	Spain	78.35%	-11.1%
120th	European Union	78.47%	-6.5%
121st	Portugal	80.23%	-10.3%
122nd	Morocco	80.50%	-8.0%
123rd	Jordan	81.82%	-2.9%
124th	Austria	84.10%	-5.7%
125th	Netherlands	85.48%	-3.8%
126th	Iceland	88.35%	-5.1%
127th	South Africa	90.37%	-1.3%
128th	Nepal	91.56%	-3.1%
129th	Luxembourg	93.21%	-9.1%
130th	Finland	93.27%	-3.0%
131st	Chile	109.49%	-2.8%
132nd	France	112.57%	-5.6%
133rd	Fiji	113.60%	-4.0%
134th	Qatar	115.74%	14.5%
135th	Malaysia	117.10%	3.6%
136th	United Kingdom	117.98%	-6.5%
137th	Australia	126.96%	-5.0%
138th	Norway	127.43%	15.6%
139th	Sweden	129.14%	-5.1%
140th	Cambodia	130.13%	-2.0%
141st	New Zealand	141.22%	-3.4%
142nd	Macao SAR, China	146.67%	-49.0%
143rd	Denmark	147.48%	2.8%
144th	Thailand	154.14%	-1.5%
145th	Korea	163.52%	0.5%
146th	China	189.61%	4.3%
147th	Japan	195.22%	-0.7%
148th	United States	195.55%	2.6%
149th	Hong Kong SAR, China	248.61%	-6.0%

FAQ

What was North Macedonia's credit to gdp in 2023?▾

North Macedonia's credit to gdp in 2023 was 52.04%. This ranked 90th globally.

How did North Macedonia's credit to gdp change in 2023?▾

North Macedonia's credit to gdp decreased by 4.2% in 2023 compared to 2022.

Which country had the highest credit to gdp in 2023?▾

Hong Kong SAR, China had the highest credit to gdp in 2023 at 248.61%.

What is the credit to gdp of North Macedonia in 2023?▾

The credit to gdp of North Macedonia in 2023 was 52.04%. This ranked 90th globally.

How does 2023 compare to 2022 for North Macedonia's credit to gdp?▾

North Macedonia's credit to gdp went from 54.30% in 2022 to 52.04% in 2023, a 4.2% decrease.

HistorySaid - pattern alert

North Macedonia matched the Export Boom Cycle pattern in 2023. Historically: 768 occurrences, 546 successful (71%). View full analysis →

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