Vertical fiscal imbalance, Percent in North Macedonia
North Macedonia: Vertical fiscal imbalance, Percent was -0.0623 in 2020. ▬ Flat
Vertical fiscal imbalance, Percent in North Macedonia, 2005–2020
Source: International Monetary Fund.
Analysis
In 2020, vertical fiscal imbalance, percent in North Macedonia stood at -0.0623. That is the highest value across all 11 years on record.
That represents a change of up 83.8% on the previous year and up 80.1% over ten years.
Over the whole period, vertical fiscal imbalance, percent in North Macedonia peaked at -0.0623 in 2020 and was at its lowest, -0.5295, in 2018.
That places North Macedonia 37th out of 64 countries with data for 2020, putting it in the middle of the range.
Vertical fiscal imbalance, Percent in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -0.3507 | — |
| 2006 | -0.2599 | -25.9% |
| 2007 | -0.3136 | +20.7% |
| 2013 | -0.2715 | -13.4% |
| 2014 | -0.2516 | -7.3% |
| 2015 | -0.2457 | -2.3% |
| 2016 | -0.3624 | +47.5% |
| 2017 | -0.3219 | -11.2% |
| 2018 | -0.5295 | +64.5% |
| 2019 | -0.3843 | -27.4% |
| 2020 | -0.0623 | -83.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.308 | -0.3507 | -0.2599 | 3 |
| 2010s | -0.3381 | -0.5295 | -0.2457 | 7 |
| 2020s | -0.0623 | -0.0623 | -0.0623 | 1 |
Countries ranked near North Macedonia
More public sector data for North Macedonia
- Arms imports 1.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.5481 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -80 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 193.87 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0209 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 32.65 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 353.69 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 198.25 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is vertical fiscal imbalance, percent in North Macedonia?
- Vertical fiscal imbalance, percent in North Macedonia was -0.0623 in 2020, according to International Monetary Fund.
- What is the highest vertical fiscal imbalance, percent recorded in North Macedonia?
- The highest recorded value was -0.0623 in 2020.
- What is the lowest vertical fiscal imbalance, percent recorded in North Macedonia?
- The lowest recorded value was -0.5295 in 2018.
- How does North Macedonia rank for vertical fiscal imbalance, percent?
- North Macedonia ranks 37th out of 64 countries with data for 2020.
- Is vertical fiscal imbalance, percent rising or falling in North Macedonia?
- Over the last ten years it is up 80.1%. The long-run trend across the full record is flat.
- Where does this North Macedonia data come from?
- The figures come from International Monetary Fund, published as part of Vertical fiscal imbalance, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.