North Macedonia Total Debt: % of GDP

2013 - 2023 | Yearly | % | CEIC Data

Key information about North Macedonia Total Debt: % of GDP

  • North Macedonia Total Debt accounted for 328.5 % of the country's GDP in 2023, compared with the ratio of 338.1 % in the previous year.
  • North Macedonia Total Debt: % of GDP data is updated yearly, available from Dec 2013 to Dec 2023.
  • The data reached an all-time high of 349.8 % in Dec 2021 and a record low of 295.2 % in Dec 2013.

CEIC calculates annual Total Debt as % of Nominal GDP from annual Total Debt and annual Nominal GDP. Total Debt is calculated as Total Liabilities less Equity & Investment Fund Shares and Financial Derivatives. The National Bank of the Republic of North Macedonia provides Total Debt in local currency. The State Statistical Office of the Republic of North Macedonia provides Nominal GDP in local currency.

View North Macedonia's Total Debt: % of GDP from 2013 to 2023 in the chart:

North Macedonia Total Debt: % of GDP

What was North Macedonia's Total Debt: % of GDP in 2023?

North Macedonia Total Debt accounted for 328.5 % of the country's GDP in 2023, compared with the ratio of 338.1 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
328.5 2023 338.1 2022 295.2 2013 349.8 2021 % yearly 2013 - 2023

Total Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Australia (%) 261.1 Mar 2024 quarterly Jun 1988 - Mar 2024
Austria (%) 528.9 Mar 2024 quarterly Mar 1999 - Mar 2024
Belgium (%) 702.2 Jun 2024 quarterly Dec 1998 - Jun 2024
Bulgaria (%) 352.7 2023 yearly 1995 - 2023
Canada (%) 935.0 Jun 2024 quarterly Mar 1990 - Jun 2024
Croatia (%) 438.5 Jun 2024 quarterly Mar 2012 - Jun 2024
Cyprus (%) 1,169.5 2022 yearly 1995 - 2022
Czech Republic (%) 389.1 Jun 2024 quarterly Mar 2008 - Jun 2024
Denmark (%) 780.0 2022 yearly 1994 - 2022
Estonia (%) 371.6 Jun 2024 quarterly Dec 2003 - Jun 2024
European Union (%) 719.1 2022 yearly 2001 - 2022
Finland (%) 649.0 2023 yearly 1995 - 2023
France (%) 927.4 Mar 2024 quarterly Mar 1996 - Mar 2024
Germany (%) 601.9 Jun 2024 quarterly Mar 1999 - Jun 2024
Greece (%) 551.6 Jun 2024 quarterly Dec 1997 - Jun 2024
Hungary (%) 438.5 Jun 2024 quarterly Dec 1995 - Jun 2024
Iceland (%) 690.6 2022 yearly 2003 - 2022
Ireland (%) 966.4 Mar 2024 quarterly Mar 2002 - Mar 2024
Italy (%) 571.4 Jun 2024 quarterly Dec 1995 - Jun 2024
Japan (%) 1,295.3 Jun 2024 quarterly Jun 1998 - Jun 2024
South Korea (%) 701.8 Jun 2024 quarterly Dec 2008 - Jun 2024
Latvia (%) 337.0 Mar 2024 quarterly Mar 2004 - Mar 2024
Lithuania (%) 305.0 Jun 2024 quarterly Dec 1995 - Jun 2024
Luxembourg (%) 7,301.6 Jun 2024 quarterly Dec 1995 - Jun 2024
North Macedonia (%) 328.5 2023 yearly 2013 - 2023
Malta (%) 1,406.8 Jun 2024 quarterly Mar 2004 - Jun 2024
Mexico (%) 106.2 Jun 2024 quarterly Dec 2000 - Jun 2024
Netherlands (%) 884.5 Dec 2023 quarterly Mar 1999 - Dec 2023
New Zealand (%) 621.4 2021 yearly 2006 - 2021
Norway (%) 607.6 Mar 2024 quarterly Dec 1995 - Mar 2024
Poland (%) 290.4 Jun 2024 quarterly Mar 2004 - Jun 2024
Portugal (%) 468.6 Jun 2024 quarterly Dec 1995 - Jun 2024
Romania (%) 251.1 Mar 2024 quarterly Mar 2007 - Mar 2024
Slovakia (%) 380.3 Jun 2024 quarterly Dec 2012 - Jun 2024
Slovenia (%) 328.6 Jun 2024 quarterly Mar 2004 - Jun 2024
Spain (%) 568.0 Jun 2024 quarterly Dec 1995 - Jun 2024
Sweden (%) 767.7 Jun 2024 quarterly Mar 1996 - Jun 2024
Switzerland (%) 934.5 2023 yearly 1999 - 2023
Taiwan (%) 882.1 2022 yearly 2000 - 2022
Turkey (%) 273.5 Mar 2024 quarterly Dec 2014 - Mar 2024
Ukraine (%) 235.5 2021 yearly 2009 - 2021
United Kingdom (%) 872.3 Jun 2024 quarterly Mar 1987 - Jun 2024
United States (%) 720.2 Jun 2024 quarterly Dec 1951 - Jun 2024

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North Macedonia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.5 2022 yearly 1993 - 2022
Consolidated Fiscal Balance (USD mn) -685.568 2023 yearly 2009 - 2023
Tax Revenue (USD mn) 252.878 Sep 2024 monthly Jan 2004 - Sep 2024
Tax Revenue: % of GDP (%) 20.2 Jun 2024 quarterly Mar 2004 - Jun 2024
National Government Debt (USD mn) 8,185.4 Jun 2024 quarterly Dec 2009 - Jun 2024
Government Debt: % of GDP (%) 54.5 Jun 2024 quarterly Dec 2009 - Jun 2024
Forecast: Government Expenditure (MKD bn) 481.670 2029 yearly 1997 - 2029
Forecast: Government Net Debt (MKD bn) 703.720 2029 yearly 1999 - 2029
Forecast: Government Revenue (MKD bn) 445.403 2029 yearly 1997 - 2029
Central Government Budget: Expenditure: Capital (MKD mn) 969.000 Sep 2024 monthly Jan 2004 - Sep 2024
Central Government Budget: Expenditure (MKD mn) 26,695.000 Sep 2024 monthly Jan 2004 - Sep 2024
Central Government Budget Balance (MKD mn) -1,499.000 Sep 2024 monthly Jan 2004 - Sep 2024
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 6,790.000 Sep 2024 monthly Jan 2004 - Sep 2024
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 2,471.000 Sep 2024 monthly Jan 2004 - Sep 2024
Central Government Budget: Revenue (MKD mn) 25,196.000 Sep 2024 monthly Jan 2004 - Sep 2024
Central Government Budget: Expenditure: Current (MKD mn) 25,726.000 Sep 2024 monthly Jan 2004 - Sep 2024
Central Government Budget: Financing (MKD mn) 1,499.000 Sep 2024 monthly Jan 2004 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.913 2028 yearly 1993 - 2028
Trade Balance (USD mn) -213.7 Sep 2024 monthly Dec 1993 - Sep 2024
Total Exports (USD mn) 745.0 Sep 2024 monthly Jan 2002 - Sep 2024
Total Exports Growth (%) 7.9 May 2023 monthly Jan 2003 - May 2023
Aluminum: Exports (USD th) 3,509.780 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 116,895.471 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 1,535.774 2022 yearly 1995 - 2022
Total Imports (USD mn) 958.7 Sep 2024 monthly Jan 2002 - Sep 2024
Total Imports Growth (%) -5.4 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Medicament (USD th) 180,102.231 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 56,059.479 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 10.064 Sep 2024 monthly Jan 1999 - Sep 2024
Total Imports from USA (USD mn) 20.466 Sep 2024 monthly Jan 1993 - Sep 2024
Total Exports to China (USD mn) 3.935 Sep 2024 monthly Jan 1999 - Sep 2024
Total Imports from China (USD mn) 98.963 Sep 2024 monthly Aug 1996 - Sep 2024
Exports: ytd: SITC: Food Products (USD th) 432,449.895 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: ytd: SITC: Beverages and Tobacco (USD th) 220,067.147 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: ytd: SITC: Miscellaneous Manufactured Articles (USD th) 742,643.517 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: ytd: SITC: Manufactured Goods (USD th) 743,823.082 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 215,815.381 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: USA (USD th) 10,063.718 Sep 2024 monthly Jan 2013 - Sep 2024
Exports: Kosovo (USD th) 37,639.297 Sep 2024 monthly Jan 2013 - Sep 2024
Exports: Germany (USD th) 272,223.676 Sep 2024 monthly Jan 2013 - Sep 2024
Exports: Czech Republic (USD th) 25,883.292 Sep 2024 monthly Jan 2013 - Sep 2024
Exports: Bulgaria (USD th) 38,919.716 Sep 2024 monthly Jan 2013 - Sep 2024
Imports: ytd: SITC: Machinery and Transport Equipment (USD th) 2,259,643.877 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 1,039,711.509 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: ytd: SITC: Food Products (USD th) 837,443.807 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: ytd: SITC: Chemical Products (USD th) 1,121,223.311 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: ytd: SITC: Manufactured Goods (USD th) 2,685,207.806 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: USA (USD th) 20,466.293 Sep 2024 monthly Jan 2013 - Sep 2024
Imports: Greece (USD th) 77,232.656 Sep 2024 monthly Jan 2013 - Sep 2024
Imports: Great Britain (USD th) 88,996.898 Sep 2024 monthly Jan 2013 - Sep 2024
Imports: Germany (USD th) 98,757.452 Sep 2024 monthly Jan 2013 - Sep 2024
Imports: China (USD th) 98,963.067 Sep 2024 monthly Jan 2013 - Sep 2024
Import Value Index (2015=100) 177.142 2021 yearly 1995 - 2021
Export Value Index (2015=100) 180.473 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 22.6 Jun 2024 monthly Jan 2001 - Jun 2024
Current Account Balance (USD mn) 108.9 Mar 2023 monthly Jan 2001 - Mar 2023
Current Account Balance: % of GDP (%) -3.2 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Direct Investment (USD mn) 60.7 Jun 2024 monthly Jan 2001 - Jun 2024
Foreign Direct Investment: % of GDP (%) 6.8 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment (USD mn) -32.149 Jun 2024 quarterly Mar 1998 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) -0.9 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -3.6 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -28.539 Jun 2024 quarterly Mar 1998 - Jun 2024
External Debt (USD mn) 12,712.2 Jun 2024 quarterly Dec 2005 - Jun 2024
External Debt: % of GDP (%) 83.2 2023 yearly 2004 - 2023
External Debt: Short Term (USD mn) 3,434.1 Jun 2024 quarterly Dec 2005 - Jun 2024
External Debt: Short Term: % of GDP (%) 23.6 2022 yearly 2004 - 2022
Total Debt: % of GDP (%) 328.5 2023 yearly 2013 - 2023
Forecast: Current Account Balance (USD bn) -0.541 2029 yearly 1992 - 2029
Net International Investment Position (USD mn) -9,230.346 Jun 2024 quarterly Dec 2006 - Jun 2024
BoP: CA: Primary Income (PI) (USD mn) -66.620 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: CA: SI: Debit (USD mn) 20.866 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: FA: Reserve Assets (USD mn) 35.975 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: FA: Other Investment (OI) (USD mn) -20.061 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: FA: Portfolio Investment (PI) (USD mn) 24.172 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: Net Errors & Omissions (USD mn) 6.289 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: FA: Direct Investment (DI) (USD mn) -38.134 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: CA: GS: Goods: Credit (USD mn) 633.591 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: CA: PI: Debit (USD mn) 89.698 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: CA: GS: Services (USD mn) 89.085 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: Financial Account (FA) (USD mn) 1.952 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: CA: Debit (USD mn) 1,113.533 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -5.331 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: CA: SI: Credit (USD mn) 216.132 Jun 2024 monthly Jan 2001 - Jun 2024
Balance of Payments (BoP): Current Account (CA) (USD mn) -4.014 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: CA: Credit (USD mn) 1,109.520 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 60.687 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: CA: GS: Goods (USD mn) -221.745 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: Capital Account: Credit (USD mn) 0.000 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -8.887 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: CA: GS: Services: Credit (USD mn) 236.720 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: CA: GS: Services: Debit (USD mn) 147.635 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 14.730 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 15.286 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: Capital Account (USD mn) -0.324 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: CA: GS: Goods: Debit (USD mn) 855.335 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: Capital Account: Debit (USD mn) 0.324 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: CA: Secondary Income (SI) (USD mn) 195.266 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: CA: PI: Credit (USD mn) 23.077 Jun 2024 monthly Jan 2001 - Jun 2024
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 22.553 Jun 2024 monthly Jan 2001 - Jun 2024
Gross External Debt: GG: Long Term (LT) (EUR mn) 3,796.950 Jun 2024 quarterly Mar 2006 - Jun 2024
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.050 Jun 2024 quarterly Mar 2006 - Jun 2024
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 5,731.129 Jun 2024 quarterly Mar 2006 - Jun 2024
Gross External Debt: MI: Private (EUR mn) 6,143.841 Jun 2024 quarterly Mar 2006 - Jun 2024
Foreign Direct Investment (FDI): Flow (USD mn) 50.050 Jun 2024 monthly Jan 2007 - Jun 2024
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 7.997 Jun 2024 quarterly Mar 2009 - Jun 2024
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) -3.453 Jun 2024 quarterly Mar 2009 - Jun 2024
FDI: Flow: NACE 2: Manufacturing (EUR mn) 43.723 Jun 2024 quarterly Mar 2009 - Jun 2024
FDI: Flow: NACE 2: Construction (EUR mn) 38.826 Jun 2024 quarterly Mar 2009 - Jun 2024
FDI: Flow: NACE 2: Services (EUR mn) 41.104 Jun 2024 quarterly Mar 2009 - Jun 2024
FDI: Flow: United States of America (EUR mn) -0.789 Jun 2024 quarterly Mar 2008 - Jun 2024
FDI: Flow: Austria (EUR mn) -0.750 Jun 2024 quarterly Mar 2008 - Jun 2024
FDI: Flow: Belgium (EUR mn) 11.059 Jun 2024 quarterly Mar 2008 - Jun 2024
FDI: Flow: Turkey (EUR mn) 11.737 Jun 2024 quarterly Mar 2008 - Jun 2024
FDI: Flow: United Kingdom (EUR mn) 58.761 Jun 2024 quarterly Mar 2008 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Jun 2024 quarterly Dec 2005 - Jun 2024
Household Debt: % of GDP (%) 27.6 Jun 2024 quarterly Mar 2003 - Jun 2024
Non-Performing Loans (USD mn) 239.868 Mar 2024 quarterly Dec 2005 - Mar 2024
Money Supply M1 (USD mn) 4,804.377 Sep 2024 monthly Jan 2003 - Sep 2024
Money Supply M2 (USD mn) 8,668.054 Sep 2024 monthly Jan 2003 - Sep 2024
M2 Growth (%) 4.8 Sep 2024 monthly Jan 2004 - Sep 2024
Reserve Requirement Ratio (%) 8.0 Oct 2024 monthly Jan 2004 - Oct 2024
Foreign Exchange Reserves (USD mn) 4,323.7 Sep 2024 monthly Dec 1993 - Sep 2024
Foreign Exchange Reserves: % of GDP (%) 27.496 Jun 2024 quarterly Dec 2000 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 4.5 Sep 2024 monthly Jan 2002 - Sep 2024
Gold Reserves (USD mn) 559.395 Aug 2024 monthly Dec 1992 - Aug 2024
Total Deposits (USD mn) 10,081.565 Sep 2024 monthly Jan 2003 - Sep 2024
Total Deposits Growth (%) 8.8 Sep 2024 monthly Jan 2004 - Sep 2024
Domestic Credit (USD mn) 9,974.3 Sep 2024 monthly Jan 2003 - Sep 2024
Domestic Credit Growth (%) 8.1 Sep 2024 monthly Jan 2004 - Sep 2024
Household Debt (USD mn) 4,407.8 Sep 2024 monthly Jan 2003 - Sep 2024
Total Loans (USD mn) 8,514.964 Sep 2024 monthly Jan 2003 - Sep 2024
Total Loans Growth (%) 7.52 Sep 2024 monthly Jan 2004 - Sep 2024
Private Debt: % of Nominal GDP (%) 53.12 Jun 2024 quarterly Mar 2003 - Jun 2024
Official Reserve Assets (EUR mn) 4,406.629 Sep 2024 monthly Jan 2005 - Sep 2024
Official Reserve Assets: Foreign Currency (EUR mn) 3,879.487 Sep 2024 monthly Jan 2005 - Sep 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022

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