Broad money to total reserves ratio in North Macedonia
North Macedonia: Broad money to total reserves ratio was 1.95 in 2024. ◆ Volatile
Broad money to total reserves ratio in North Macedonia, 1993–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
The most recent figure for broad money to total reserves ratio in North Macedonia is 1.95, measured in 2024.
The figure is up 5.4% on the previous year and down 4.8% over ten years.
Over the whole period, broad money to total reserves ratio in North Macedonia peaked at 15.63 in 1993 and was at its lowest, 1.35, in 2002.
That places North Macedonia 127th out of 158 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.83 | 1.4 | 15.63 | 7 |
| 2000s | 1.69 | 1.35 | 2.25 | 10 |
| 2010s | 2.08 | 1.82 | 2.22 | 10 |
| 2020s | 2.01 | 1.85 | 2.21 | 5 |
Countries ranked near North Macedonia
- 124 Central African Republic 2.09 compare
- 125 Czechia 2.06 compare
- 126 Romania 1.96 compare
- 128 Zambia 1.92 compare
- 129 Kyrgyzstan 1.88 compare
- 130 Switzerland 1.87 compare
More financial sector data for North Macedonia
- Domestic credit to private sector 56.3% (2025)
- Claims on central government, etc. 22.2% (2025)
- Broad money 60.5% (2024)
- Monetary Sector credit to private sector 53.4% (2025)
- Net foreign assets 276.97 billion current LCU (2025)
- Net domestic credit 655.53 billion current LCU (2025)
- Net migration -5,645 (2025)
- Total reserves in months of imports 4.57 (2025)
- Domestic credit to private sector by banks 53.3% (2025)
- Official exchange rate 54.66 LCU per US$, period average (2025)
Frequently asked questions
- What is broad money to total reserves ratio in North Macedonia?
- Broad money to total reserves ratio in North Macedonia was 1.95 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in North Macedonia?
- The highest recorded value was 15.63 in 1993.
- What is the lowest broad money to total reserves ratio recorded in North Macedonia?
- The lowest recorded value was 1.35 in 2002.
- How does North Macedonia rank for broad money to total reserves ratio?
- North Macedonia ranks 127th out of 158 countries with data for 2024.
- Is broad money to total reserves ratio rising or falling in North Macedonia?
- Over the last ten years it is down 4.8%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money to total reserves ratio. Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).