North Macedonia Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
North Macedonia's gross savings was 26.42% in 2025, ranked 46th globally. This represents a 7.1% decrease from 2024. Data from World Bank, covering 1992–2025.
Overview
North Macedonia's gross savings stood at 26.42% in 2025, a decline of +2.03% from 2024. The IMF projects 26.42% by 2025. North Macedonia ranked 46th globally.
North Macedonia’s gross savings ratio has risen markedly since the early 1990s, climbing from a trough of 2.05 in 1993 to an all‑time peak of 32.72 in 2018, before settling at 26.42 in 2025, which places the country 46th in the global ranking. Over the 34‑year series, the upward trajectory reflects a gradual deepening of domestic capital formation, supported by fiscal consolidation and modest improvements in current‑account balances. The 2025 figure is closely aligned with that of Tajikistan (26.49) and slightly above Czechia (26.27), indicating that North Macedonia now sits among middle‑income economies with comparable savings behavior. While the post‑peak decline from 2018 suggests a modest easing of the savings drive, the persistence of a ratio above 25 % signals resilience in household and corporate propensity to retain earnings. Continued structural reforms, higher investment returns, or shifts in demographic patterns could either reinforce the current level or re‑ignite a further rise in the gross savings rate.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 34.08% | - | - |
| 2029* IMF | 30.41% | - | - |
| 2028* IMF | 29.73% | - | - |
| 2027* IMF | 28.94% | - | - |
| 2026* IMF | 27.73% | - | - |
| 2025* IMF | 26.42% | - | - |
| 2025 | 26.42% | −2.03% | #46 |
| 2024 | 28.45% | −1.57% | #46 |
| 2023 | 29.96% | −0.00% | #44 |
| 2022 | 29.92% | +0.48% | #46 |
| 2021 | 29.10% | +2.12% | #53 |
| 2020 | 27.12% | −4.17% | #51 |
| 2019 | 31.83% | −0.70% | #32 |
| 2018 | 32.72% | +1.22% | #28 |
| 2017 | 31.89% | +1.99% | #31 |
| 2016 | 30.27% | +1.62% | #25 |
| 2015 | 28.68% | −1.26% | #37 |
| 2014 | 29.88% | +2.72% | #41 |
| 2013 | 27.38% | +1.61% | #47 |
| 2012 | 26.66% | +2.26% | #56 |
| 2011 | 25.87% | +3.43% | #59 |
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 gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's gross savings was 26.42% in 2025. Ranked 46th globally. This represents a 7.1% decrease from the previous year.
North Macedonia's gross savings peaked at 32.72% in 2018.
The lowest gross savings in North Macedonia was 2.05% in 1993.
North Macedonia ranks 46th globally in gross savings as of 2025.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
North Macedonia's gross savings is projected to reach 26.42% by 2025 based on IMF projection.
The gross savings of North Macedonia in 2025 was 26.42%. This ranks 46th in the world.
Cite this page
@misc{historysaid_north-macedonia_gross-savings,
title = {North Macedonia Gross Savings},
url = {https://historysaid.com/north-macedonia/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}