Adjusted savings: net national savings in North Macedonia
North Macedonia: Adjusted savings: net national savings was 13.9% in 2021. ◆ Volatile
Adjusted savings: net national savings in North Macedonia, 1996–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2021, adjusted savings: net national savings in North Macedonia stood at 13.9%.
Compared with earlier readings it is up 23.2% on the previous year and up 97.9% over ten years.
Over the whole period, adjusted savings: net national savings in North Macedonia peaked at 17.1% in 2018 and was at its lowest, -14.6%, in 1998.
That places North Macedonia 59th out of 177 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: net national savings in North Macedonia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1996 | -8.2% | — |
| 1997 | -13.3% | +62.3% |
| 1998 | -14.6% | +9.8% |
| 1999 | -11.0% | -24.9% |
| 2000 | 4.2% | -138.3% |
| 2001 | -5.9% | -239.8% |
| 2002 | -5.9% | +0.4% |
| 2003 | -4.8% | -18.1% |
| 2004 | -6.1% | +25.7% |
| 2005 | -1.5% | -75.8% |
| 2006 | 3.0% | -301.7% |
| 2007 | -3.7% | -225.6% |
| 2008 | -4.1% | +10.2% |
| 2009 | 0.2% | -103.7% |
| 2010 | 3.6% | +2260.4% |
| 2011 | 7.0% | +96.7% |
| 2012 | 7.4% | +5.1% |
| 2013 | 9.4% | +27.6% |
| 2014 | 12.0% | +27.7% |
| 2015 | 11.7% | -2.9% |
| 2016 | 14.0% | +20.0% |
| 2017 | 16.9% | +20.5% |
| 2018 | 17.1% | +0.9% |
| 2019 | 15.9% | -6.7% |
| 2020 | 11.3% | -29.1% |
| 2021 | 13.9% | +23.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -11.7% | -14.6% | -8.2% | 4 |
| 2000s | -2.5% | -6.1% | 4.2% | 10 |
| 2010s | 11.5% | 3.6% | 17.1% | 10 |
| 2020s | 12.6% | 11.3% | 13.9% | 2 |
Countries ranked near North Macedonia
More economy & growth data for North Macedonia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Total reserves minus gold (current US$), annual growth rate 3.47 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.2532 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 2,656 current US$ per person (2025)
- General government final consumption expenditure (current US$) 18.78 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1639 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 1,719 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 14.14 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 8.96 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: net national savings in North Macedonia?
- Adjusted savings: net national savings in North Macedonia was 13.9% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in North Macedonia?
- The highest recorded value was 17.1% in 2018.
- What is the lowest adjusted savings: net national savings recorded in North Macedonia?
- The lowest recorded value was -14.6% in 1998.
- How does North Macedonia rank for adjusted savings: net national savings?
- North Macedonia ranks 59th out of 177 countries with data for 2021.
- Is adjusted savings: net national savings rising or falling in North Macedonia?
- Over the last ten years it is up 97.9%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.