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North Macedonia flag Investment

North Macedonia

Overview

Investment climate, interest rates, credit ratings, and property market data for North Macedonia.

Key Indicators

Interest Rate
5.85%
World Bank
Policy Rate (NBRNM)
5.35%
11/10/2025 · National Bank of the Republic of North Macedonia
Property Price Change (YoY)
18.2%
2025 Q2 · BIS
Property Rights Index
57/100
WJP
Rental Yield
5.3%
Global Property Guide
Credit Rating
BB-
S&P

Policy Rate History

-0.6%5.0%10.6%16.3%21.9%2000-01-01: 9.50%2000-02-01: 9.50%2000-03-01: 9.50%2000-04-01: 9.45%2000-05-01: 9.73%2000-06-01: 8.59%2000-07-01: 9.45%2000-08-01: 8.59%2000-09-01: 8.45%2000-10-01: 7.88%2000-11-01: 7.03%2000-12-01: 6.89%2001-01-01: 7.45%2001-02-01: 7.60%2001-03-01: 8.10%2001-04-01: 10.00%2001-05-01: 14.27%2001-06-01: 20.00%2001-07-01: 20.00%2001-08-01: 20.00%2001-09-01: 20.00%2001-10-01: 17.00%2001-11-01: 15.00%2001-12-01: 15.00%2002-01-01: 15.00%2002-02-01: 13.00%2002-03-01: 13.00%2002-04-01: 13.00%2002-05-01: 13.00%2002-06-01: 13.00%2002-07-01: 11.20%2002-08-01: 9.51%2002-09-01: 10.19%2002-10-01: 12.01%2002-11-01: 14.01%2002-12-01: 15.22%2003-01-01: 15.05%2003-02-01: 11.42%2003-03-01: 7.93%2003-04-01: 7.00%2003-05-01: 7.00%2003-06-01: 7.00%2003-07-01: 7.00%2003-08-01: 7.00%2003-09-01: 7.00%2003-10-01: 6.38%2003-11-01: 5.79%2003-12-01: 6.65%2004-01-01: 6.74%2004-02-01: 8.00%2004-03-01: 8.00%2004-04-01: 8.00%2004-05-01: 8.00%2004-06-01: 8.00%2004-07-01: 8.00%2004-08-01: 8.50%2004-09-01: 9.00%2004-10-01: 9.00%2004-11-01: 10.00%2004-12-01: 10.00%2005-01-01: 10.00%2005-02-01: 10.00%2005-03-01: 10.00%2005-04-01: 10.00%2005-05-01: 10.00%2005-06-01: 10.00%2005-07-01: 10.00%2005-08-01: 10.00%2005-09-01: 10.00%2005-10-01: 9.85%2005-11-01: 8.77%2005-12-01: 8.37%2006-01-01: 7.04%2006-02-01: 7.18%2006-03-01: 6.44%2006-04-01: 5.92%2006-05-01: 5.70%2006-06-01: 5.50%2006-07-01: 5.56%2006-08-01: 5.50%2006-09-01: 5.34%2006-10-01: 5.72%2006-11-01: 5.81%2006-12-01: 5.81%2007-01-01: 5.58%2007-02-01: 5.36%2007-03-01: 5.25%2007-04-01: 5.05%2007-05-01: 5.00%2007-06-01: 4.98%2007-07-01: 5.17%2007-08-01: 5.11%2007-09-01: 4.68%2007-10-01: 4.78%2007-11-01: 4.74%2007-12-01: 4.81%2008-01-01: 4.99%2008-02-01: 5.25%2008-03-01: 6.00%2008-04-01: 6.00%2008-05-01: 7.00%2008-06-01: 7.00%2008-07-01: 7.00%2008-08-01: 7.00%2008-09-01: 7.00%2008-10-01: 7.00%2008-11-01: 7.00%2008-12-01: 7.00%2009-01-01: 7.00%2009-02-01: 7.00%2009-03-01: 7.00%2009-04-01: 9.00%2009-05-01: 9.00%2009-06-01: 9.00%2009-07-01: 9.00%2009-08-01: 9.00%2009-09-01: 9.00%2009-10-01: 9.00%2009-11-01: 9.00%2009-12-01: 8.50%2010-01-01: 8.00%2010-02-01: 7.50%2010-03-01: 6.50%2010-04-01: 6.50%2010-05-01: 6.00%2010-06-01: 5.00%2010-07-01: 5.00%2010-08-01: 4.50%2010-09-01: 4.50%2010-10-01: 4.50%2010-11-01: 4.50%2010-12-01: 4.00%2011-01-01: 4.00%2011-02-01: 4.00%2011-03-01: 4.00%2011-04-01: 4.00%2011-05-01: 4.00%2011-06-01: 4.00%2011-07-01: 4.00%2011-08-01: 4.00%2011-09-01: 4.00%2011-10-01: 4.00%2011-11-01: 4.00%2011-12-01: 4.00%2012-01-01: 4.00%2012-02-01: 4.00%2012-03-01: 4.00%2012-04-01: 3.94%2012-05-01: 3.71%2012-06-01: 3.73%2012-07-01: 3.73%2012-08-01: 3.73%2012-09-01: 3.73%2012-10-01: 3.73%2012-11-01: 3.73%2012-12-01: 3.73%2013-01-01: 3.49%2013-02-01: 3.48%2013-03-01: 3.42%2013-04-01: 3.38%2013-05-01: 3.37%2013-06-01: 3.21%2013-07-01: 3.25%2013-08-01: 3.25%2013-09-01: 3.25%2013-10-01: 3.25%2013-11-01: 3.25%2013-12-01: 3.25%2014-01-01: 3.25%2014-02-01: 3.25%2014-03-01: 3.25%2014-04-01: 3.25%2014-05-01: 3.25%2014-06-01: 3.25%2014-07-01: 3.25%2014-08-01: 3.25%2014-09-01: 3.25%2014-10-01: 3.25%2014-11-01: 3.25%2014-12-01: 3.25%2015-01-01: 3.25%2015-02-01: 3.25%2015-03-01: 3.25%2015-04-01: 3.25%2015-05-01: 3.25%2015-06-01: 3.25%2015-07-01: 3.25%2015-08-01: 3.25%2015-09-01: 3.25%2015-10-01: 3.25%2015-11-01: 3.25%2015-12-01: 3.25%2016-01-01: 3.25%2016-02-01: 3.25%2016-03-01: 3.25%2016-04-01: 3.25%2016-05-01: 4.00%2016-06-01: 4.00%2016-07-01: 4.00%2016-08-01: 4.00%2016-09-01: 4.00%2016-10-01: 4.00%2016-11-01: 4.00%2016-12-01: 3.75%2017-01-01: 3.50%2017-02-01: 3.25%2017-03-01: 3.25%2017-04-01: 3.25%2017-05-01: 3.25%2017-06-01: 3.25%2017-07-01: 3.25%2017-08-01: 3.25%2017-09-01: 3.25%2017-10-01: 3.25%2017-11-01: 3.25%2017-12-01: 3.25%2018-01-01: 3.25%2018-02-01: 3.25%2018-03-01: 3.00%2018-04-01: 3.00%2018-05-01: 3.00%2018-06-01: 3.00%2018-07-01: 3.00%2018-08-01: 2.75%2018-09-01: 2.75%2018-10-01: 2.75%2018-11-01: 2.75%2018-12-01: 2.50%2019-01-01: 2.50%2019-02-01: 2.50%2019-03-01: 2.25%2019-04-01: 2.25%2019-05-01: 2.25%2019-06-01: 2.25%2019-07-01: 2.25%2019-08-01: 2.25%2019-09-01: 2.25%2019-10-01: 2.25%2019-11-01: 2.25%2019-12-01: 2.25%2020-01-01: 2.00%2020-02-01: 2.00%2020-03-01: 1.75%2020-04-01: 1.75%2020-05-01: 1.50%2020-06-01: 1.50%2020-07-01: 1.50%2020-08-01: 1.50%2020-09-01: 1.50%2020-10-01: 1.50%2020-11-01: 1.50%2020-12-01: 1.50%2021-01-01: 1.50%2021-02-01: 1.50%2021-03-01: 1.25%2021-04-01: 1.25%2021-05-01: 1.25%2021-06-01: 1.25%2021-07-01: 1.25%2021-08-01: 1.25%2021-09-01: 1.25%2021-10-01: 1.25%2021-11-01: 1.25%2021-12-01: 1.25%2022-01-01: 1.25%2022-02-01: 1.25%2022-03-01: 1.25%2022-04-01: 1.50%2022-05-01: 1.75%2022-06-01: 2.00%2022-07-01: 2.50%2022-08-01: 2.50%2022-09-01: 3.00%2022-10-01: 3.50%2022-11-01: 4.25%2022-12-01: 4.75%2023-01-01: 4.75%2023-02-01: 5.25%2023-03-01: 5.50%2023-04-01: 5.50%2023-05-01: 5.75%2023-06-01: 6.00%2023-07-01: 6.00%2023-08-01: 6.15%2023-09-01: 6.30%2023-10-01: 6.30%2023-11-01: 6.30%2023-12-01: 6.30%2024-01-01: 6.30%2024-02-01: 6.30%2024-03-01: 6.30%2024-04-01: 6.30%2024-05-01: 6.30%2024-06-01: 6.30%2024-07-01: 6.30%2024-08-01: 6.30%2024-09-01: 6.05%2024-10-01: 5.80%2024-11-01: 5.80%2024-12-01: 5.55%2025-01-01: 5.55%2025-02-01: 5.35%2025-03-01: 5.35%2025-04-01: 5.35%2025-05-01: 5.35%2025-06-01: 5.35%2025-07-01: 5.35%2025-08-01: 5.35%2025-09-01: 5.35%2025-10-01: 5.35%200020122025

310 monthly data points since 2000

Property Price Index

Frequently Asked Questions

Sources: World Bank · Last updated: 2025

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