North Macedonia Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
North Macedonia's domestic credit was 72.94% in 2025, ranked 18th globally. This represents a 1.1% decrease from 2024. Data from World Bank, covering 2012–2025.
Overview
North Macedonia's domestic credit stood at 72.94% in 2025, a decline of +0.78% from 2024. Based on recent trends, this figure is projected to reach 72.94% by 2025. North Macedonia ranked 18th globally.
North Macedonia’s domestic credit to the private sector has risen steadily over the 14‑year span covered, climbing from a trough of 53.09 in 2012 to an all‑time peak of 73.72 in 2024 and reaching 72.94 in 2025, the eighteenth‑highest level globally. This upward trajectory reflects expanding financial intermediation as banks broaden loan portfolios and non‑bank lenders increase market share, a pattern echoed in peer economies such as Costa Rica, where domestic credit stood at 71.34 in the same year. The modest gap between the 2024 peak and the 2025 figure suggests the market is approaching saturation, with further growth likely contingent on structural reforms that enhance credit access for small and medium‑sized enterprises and improve risk assessment frameworks. Should policy focus shift toward deepening financial inclusion and strengthening regulatory oversight, the upward trend could be sustained; otherwise, the sector may plateau as credit demand stabilises.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 73.37% | - | - |
| 2026* trend | 73.16% | - | - |
| 2025* trend | 72.94% | - | - |
| 2025 | 72.94% | −0.78% | #18 |
| 2024 | 73.72% | +3.01% | #25 |
| 2023 | 70.71% | −1.65% | #30 |
| 2022 | 72.37% | −1.05% | #30 |
| 2021 | 73.42% | +2.11% | #28 |
| 2020 | 71.31% | +8.98% | #27 |
| 2019 | 62.32% | +3.64% | #27 |
| 2018 | 58.68% | −1.65% | #24 |
| 2017 | 60.33% | +3.67% | #27 |
| 2016 | 56.66% | −4.19% | #25 |
| 2015 | 60.85% | +5.29% | #25 |
| 2014 | 55.56% | +0.84% | #23 |
| 2013 | 54.71% | +1.62% | #22 |
| 2012 | 53.09% | – | #22 |
Detected Pattern
Analysis
North Macedonia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's domestic credit was 72.94% in 2025. Ranked 18th globally. This represents a 1.1% decrease from the previous year.
North Macedonia's domestic credit peaked at 73.72% in 2024.
The lowest domestic credit in North Macedonia was 53.09% in 2012.
North Macedonia ranks 18th globally in domestic credit as of 2025.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
North Macedonia's domestic credit is projected to reach 72.94% by 2025 based on trend extrapolation.
The domestic credit of North Macedonia in 2025 was 72.94%. This ranks 18th in the world.
Cite this page
@misc{historysaid_north-macedonia_domestic-credit,
title = {North Macedonia Domestic Credit},
url = {https://historysaid.com/north-macedonia/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}