Vertical fiscal imbalance, Percent (Central government) in North Macedonia
North Macedonia: Vertical fiscal imbalance, Percent (Central government) 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 (Central government) 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% |
North Macedonia compared with similar countries
- North Macedonia's -0.0623 is below the median for upper middle income countries, which is -0.0208, 3.0× the median. (26 countries reporting)
- North Macedonia's -0.0623 is above the median for Europe & Central Asia, which is -0.1454, 43% of the median. (31 countries reporting)
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
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 9.00 million SIPRI trend indicator values (2025)
- 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)
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.