North Macedonia: Adjusted savings, net national savings (current US$)

Key figures

What the numbers say

In 2021, North Macedonia's adjusted savings, net national savings (current US$) rose US$494.09 million on 2020 (from US$1.34 billion to US$1.84 billion).

Across the 24 yearly changes before that (1997 to 2020), the average change was +US$71.61 million and a typical year strayed about US$304.12 million from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was US$570.76 million in 2000 and the biggest yearly fall was US$572.37 million in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about US$113.29 million a year. A straight line explains 59% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, North Macedonia had the 88th highest value of the 132 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to North Macedonia in the 2021 ranking

• Malta — 84th of 132: US$2.64 billion
• Haiti — 85th of 132: US$1.97 billion
• Jordan — 86th of 132: US$1.86 billion
• Slovak Republic — 88th of 132: US$1.83 billion
• Nicaragua — 89th of 132: US$1.63 billion
• Uganda — 90th of 132: US$1.54 billion

What this measures

Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 26 values

Adjusted savings, net national savings (current US$) in nearby economies

• Albania — US$457.58 million (2021)
• Armenia — US$542.25 million (2021)
• Austria — US$41.3 billion (2021)
• Azerbaijan — US$13.29 billion (2021)
• Belarus — US$8.86 billion (2021)
• Belgium — US$41.28 billion (2021)
• Bosnia and Herzegovina — US$1.34 billion (2021)
• Bulgaria — US$6.05 billion (2021)
• Croatia — US$4.34 billion (2021)
• Cyprus

More economic policy & debt data for North Macedonia

• Adjusted savings, education expenditure (% of GNI) — 3.27% (2021)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• General government final consumption expenditure (current US$) — US$3.13 billion (2025)
• General government final consumption expenditure (current LCU) — 171.08 billion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$1.83 billion (2025)
• General government final consumption expenditure (constant LCU) — 69.05 billion (2025)
• General government final consumption expenditure (% of GDP) — 16.39% (2025)
• Households and NPISHs Final consumption expenditure per capita, PPP (constant 2021 international $)

Reading data like this

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Questions people ask

What is North Macedonia's adjusted savings, net national savings (current US$)?

US$1.84 billion in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is up 589.19% from −US$375.54 million in 1996. The highest value was US$2.07 billion in 2018 and the lowest −US$541.33 million in 1998.

How does North Macedonia rank?

88th highest of 132 economies with data for 2021.

Is the latest change in adjusted savings, net national savings (current US$) unusual for North Macedonia?

In 2021, North Macedonia's adjusted savings, net national savings (current US$) rose US$494.09 million on 2020 (from US$1.34 billion to US$1.84 billion). Across the 24 yearly changes before that (1997 to 2020), the average change was +US$71.61 million and a typical year strayed about US$304.12 million from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNAT.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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