North Macedonia Lending Rate
Lending interest rate FR.INR.LEND
North Macedonia's lending rate was 5.77% in 2025, ranked 83rd globally. This represents a 1.5% decrease from 2024. Data from World Bank, covering 2005–2025.
Overview
North Macedonia's lending rate stood at 5.77% in 2025, a decline of +0.09pp from 2024. Based on recent trends, this figure is projected to reach 5.77% by 2025. North Macedonia ranked 83rd globally.
North Macedonia’s lending rate has fallen sharply from its all‑time peak of 12.52% in 2005 to a trough of 4.63% in 2022, before edging up to 5.76% in 2025, placing the country at 83rd globally. The 21‑year series shows a sustained downward trajectory that mirrors the broader decline in policy rates across emerging markets as inflation pressures eased after the global financial crisis. Compared with peers of similar rank, the 2025 rate is marginally higher than Malaysia’s 5.74% and Korea’s 5.83%, yet still above Dominica’s 5.55%, suggesting that North Macedonia’s monetary stance remains relatively tight in the regional context. The modest rise from the 2022 trough reflects the central bank’s response to recent inflationary upticks, but the longer‑term pattern remains one of reduction. Continued moderation in price growth and stable fiscal conditions could allow the lending rate to drift lower, reinforcing credit expansion and supporting economic growth.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 6.14% | - | - |
| 2026* trend | 5.95% | - | - |
| 2025* trend | 5.77% | - | - |
| 2025 | 5.77% | −0.09pp | #83 |
| 2024 | 5.85% | +0.41pp | #17 |
| 2023 | 5.44% | +0.81pp | #14 |
| 2022 | 4.63% | −0.22pp | #16 |
| 2021 | 4.86% | −0.34pp | #18 |
| 2020 | 5.19% | −0.42pp | #19 |
| 2019 | 5.61% | −0.50pp | #24 |
| 2018 | 6.11% | −0.50pp | #29 |
| 2017 | 6.61% | −0.41pp | #41 |
| 2016 | 7.02% | −0.44pp | #45 |
| 2015 | 7.46% | −0.31pp | #47 |
| 2014 | 7.77% | −0.72pp | #46 |
| 2013 | 8.49% | −0.58pp | #49 |
| 2012 | 9.07% | −0.53pp | #56 |
| 2011 | 9.60% | −1.10pp | #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 lending rate improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's lending rate was 5.77% in 2025. Ranked 83rd globally. This represents a 1.5% decrease from the previous year.
North Macedonia's lending rate peaked at 12.52% in 2005.
The lowest lending rate in North Macedonia was 4.63% in 2022.
North Macedonia ranks 83rd globally in lending rate as of 2025.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
North Macedonia's lending rate is projected to reach 5.77% by 2025 based on trend extrapolation.
The lending rate of North Macedonia in 2025 was 5.77%. This ranks 83rd in the world.
Cite this page
@misc{historysaid_north-macedonia_lending-rate,
title = {North Macedonia Lending Rate},
url = {https://historysaid.com/north-macedonia/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}