Real interest rate in North Macedonia
North Macedonia: Real interest rate was 0.8% in 2025. ◆ Volatile
Real interest rate in North Macedonia, 2005–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for real interest rate in North Macedonia is 0.8%, measured in 2025.
Compared with earlier readings it is down 64.2% on the previous year and down 85.9% over ten years.
Over the whole period, real interest rate in North Macedonia peaked at 10.8% in 2009 and was at its lowest, -3.9%, in 2022.
That places North Macedonia 119th out of 148 countries with data for 2025, 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 |
|---|---|---|---|---|
| 2000s | 7.3% | 4.5% | 10.8% | 5 |
| 2010s | 5.1% | 2.1% | 8.5% | 10 |
| 2020s | 0.2% | -3.9% | 3.8% | 6 |
Countries ranked near North Macedonia
- 116 New Zealand 1.1% compare
- 117 South Korea 1.0% compare
- 118 Japan 1.0% compare
- 120 Netherlands 0.4% compare
- 121 Romania 0.3% compare
- 122 Sao Tome and Principe 0.1% compare
More financial sector data for North Macedonia
- Domestic credit to private sector 56.3% (2025)
- Net domestic credit 655.53 billion current LCU (2025)
- Total reserves in months of imports 4.57 (2025)
- Net foreign assets 276.97 billion current LCU (2025)
- Domestic credit to private sector by banks 53.3% (2025)
- Claims on central government, etc. 22.2% (2025)
- Monetary Sector credit to private sector 53.4% (2025)
- Broad money 60.5% (2024)
- Official exchange rate 54.66 LCU per US$, period average (2025)
- Net migration -5,645 (2025)
Frequently asked questions
- What is real interest rate in North Macedonia?
- Real interest rate in North Macedonia was 0.8% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real interest rate recorded in North Macedonia?
- The highest recorded value was 10.8% in 2009.
- What is the lowest real interest rate recorded in North Macedonia?
- The lowest recorded value was -3.9% in 2022.
- How does North Macedonia rank for real interest rate?
- North Macedonia ranks 119th out of 148 countries with data for 2025.
- Is real interest rate rising or falling in North Macedonia?
- Over the last ten years it is down 85.9%. 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 Real interest rate (%). Statizoid updates them automatically from the source API.
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About this data
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.