North Macedonia: Commercial banks and other lending (PPG + PNG) (NFL, current US$)

Key figures

What the numbers say

In 2024, North Macedonia's commercial banks and other lending (PPG + PNG) (NFL, current US$) rose US$18.29 million on 2023 (from US$143.32 million to US$161.62 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was +US$4.79 million and a typical year strayed about US$160.8 million from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was US$286.38 million in 2021 and the biggest yearly fall was US$504.22 million in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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

How it compares

In 2024, North Macedonia had the 26th highest value of the 87 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 2024 ranking

• Côte d'Ivoire — 23rd of 87: US$233.35 million
• Bosnia and Herzegovina — 24th of 87: US$195.51 million
• Morocco — 25th of 87: US$170.33 million
• Togo — 27th of 87: US$155.35 million
• Burkina Faso — 28th of 87: US$131.21 million
• Kosovo — 29th of 87: US$98.84 million

What this measures

Commercial bank and other lending includes net commercial bank lending (public and publicly guaranteed and private non- guaranteed) and other private credits. Data are in current U.S. dollars. Proposed: Commercial bank and other lending includes net commercial bank and other private creditors lending excluding bonds (public and publicly guaranteed + private nonguaranteed).

Limitations: Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements.

Regional and income-group figures are computed by the World Bank as a sum.

All 32 values

Commercial banks and other lending (PPG + PNG) (NFL, current US$) in nearby economies

• Albania — US$423.93 million (2024)
• Armenia — US$274.09 million (2024)
• Azerbaijan — US$46.76 million (2024)
• Belarus — −US$828.98 million (2024)
• Bosnia and Herzegovina — US$195.51 million (2024)
• Bulgaria — US$254.71 million (2022)
• Georgia — −US$175.6 million (2024)
• Kazakhstan — −US$5.63 billion (2024)
• Kosovo

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is North Macedonia's commercial banks and other lending (PPG + PNG) (NFL, current US$)?

US$161.62 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is up 53,615% from −US$302,000 in 1993. The highest value was US$434.14 million in 2008 and the lowest −US$157.86 million in 2018.

How does North Macedonia rank?

26th highest of 87 economies with data for 2024.

Is the latest change in commercial banks and other lending (PPG + PNG) (NFL, current US$) unusual for North Macedonia?

In 2024, North Macedonia's commercial banks and other lending (PPG + PNG) (NFL, current US$) rose US$18.29 million on 2023 (from US$143.32 million to US$161.62 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$4.79 million and a typical year strayed about US$160.8 million from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator DT.NFL.PCBO.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics 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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