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Value of credit card payments in North Macedonia 2016-2017

This statistic shows the total value of credit card payments in North Macedonia from January 2016 to March 2017 (in million Macedonian denari). In March 2017, credit card payments in North Macedonia reached a total value of approximately 1.2 billion Macedonian denari. This is an increase compared to the 1.1 billion denari reached in February 2017 and the highest value reached since August 2016.
For many markets in Central and Eastern Europe, the regulatory and financial support afforded by the European Union membership provided strong potential for sustained growth in the credit card market. For example, for the Czech Republic, the penetration of credit cards among people aged 25 and older was equal to approximately 28 percent in 2016. However, a relatively high penetration (in the context of the region) was also observed in two of the non-EU economies of the region: Russia and Ukraine. Some other countries are still lagging behind, for example Romania, with credit card penetration among 25 year-olds and older amounted to 12 percent as of 2016.

Total value of credit card payments in North Macedonia from January 2016 to March 2017

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Source

Release date

September 2017

Region

Europe, North Macedonia

Survey time period

January 2016 to March 2017

Supplementary notes

For this statistic, the numbers provided have been rounded.

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