Financial Accounts Statistics
Financial accounts refer to the balance sheet (stocks) of financial assets and liabilities by financial instrument and sub-instrument for each institutional sector and sub-sector of the national economy, as well as rest of the world. The Financial accounts are prepared on a non-consolidated and consolidated basis. Stocks represent the value of financial assets held and overdue financial liabilities at the end of the reporting year. The difference represents the net financial worth of the respective sector/sub-sector i.e. total economy. In other words, net financial worth (NFW) equals the difference between total financial assets and total financial liabilities of total economy/sector. If the national economy/sector has a surplus of financial assets, then the NFW is positive, i.e. the economy/sector is a net creditor. If the national economy/sector is short of financial assets, then the NFW is negative, i.e. the economy/sector is a net debtor.
Data is presented in domestic currency (in millions of denars).
Financial accounts developments
The total net financial worth (NFW) of the national economy is negative and at the end of the third quarter of 2024 amounts to Denar 582,7 billion, or 65,4% of GDP, which is a deepening of 0,9 percentage points compared to the previous quarter. Compared to the end of 2023, the negative NFW has deepened by 6 percentage points, as a result of the worsened position of nonfinancial and financial corporations, amid an increase in the positive NFW of households.
In terms of the sectors, both the household and the rest of the world sectors are net creditors financing the other sectors in the national economy (the non-financial corporations and the government), which are net debtors. At the same time, the financial sector has an almost balanced net financial position. Read more...
Source: National Bank of the Republic of North Macedonia
Data revisions
In October 2023, with the compilation and publication of quarterly data, a revision of the time series of the annual financial accounts from 2016 onwards was made, which resulted from the better scope, change in data sources and new and improved calculations for certain instruments. Those revisions did not lead to higher changes of the net financial worth of the domestic economy.
Archive for annual finacial accounts
For more detailed information on the released statistical data, please contact us at [email protected] or+389 2 3215 181 ext.144 (or 110/108)