North Macedonia Total Debt: % of GDP
2013 - 2025 | Yearly | % | CEIC Data
Key information about North Macedonia Total Debt: % of GDP
- North Macedonia Total Debt accounted for 342.8 % of the country's GDP in 2025, compared with the ratio of 351.8 % in the previous year.
- North Macedonia Total Debt: % of GDP data is updated yearly, available from Dec 2013 to Dec 2025.
- The data reached an all-time high of 351.8 % in Dec 2024 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 2025 in the chart:
What was North Macedonia's Total Debt: % of GDP in 2025?
North Macedonia Total Debt accounted for 342.8 % of the country's GDP in 2025, compared with the ratio of 351.8 % in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 342.8 2025 | 351.8 2024 | 295.2 2013 | 351.8 2024 | % | yearly | 2013 - 2025 |
Total Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Australia (%) | 267.8 Dec 2025 | quarterly | Jun 1988 - Dec 2025 |
| Austria (%) | 517.5 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Belgium (%) | 695.9 Dec 2025 | quarterly | Dec 1998 - Dec 2025 |
| Bulgaria (%) | 348.2 2024 | yearly | 1995 - 2024 |
| Canada (%) | 944.6 Dec 2025 | quarterly | Mar 1990 - Dec 2025 |
| Croatia (%) | 412.1 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Cyprus (%) | 1,096.1 2025 | yearly | 1995 - 2025 |
| Czech Republic (%) | 387.3 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Denmark (%) | 847.5 2024 | yearly | 1994 - 2024 |
| Estonia (%) | 383.9 Dec 2025 | quarterly | Dec 2003 - Dec 2025 |
| European Union (%) | 688.5 2024 | yearly | 2001 - 2024 |
| Finland (%) | 600.6 2025 | yearly | 1995 - 2025 |
| France (%) | 940.9 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Germany (%) | 585.6 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Greece (%) | 526.1 Dec 2025 | quarterly | Dec 1997 - Dec 2025 |
| Hungary (%) | 383.9 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Iceland (%) | 679.7 2024 | yearly | 2003 - 2024 |
| Ireland (%) | 816.6 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| Italy (%) | 550.3 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Japan (%) | 1,167.0 Dec 2025 | quarterly | Jun 1998 - Dec 2025 |
| South Korea (%) | 715.2 Dec 2025 | quarterly | Dec 2008 - Dec 2025 |
| Latvia (%) | 339.8 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Lithuania (%) | 327.1 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Luxembourg (%) | 7,000.7 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| North Macedonia (%) | 342.8 2025 | yearly | 2013 - 2025 |
| Malta (%) | 1,304.8 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Mexico (%) | 114.9 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Netherlands (%) | 925.1 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| New Zealand (%) | 586.2 2023 | yearly | 2006 - 2023 |
| Norway (%) | 592.2 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Poland (%) | 298.0 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Portugal (%) | 458.0 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Romania (%) | 245.3 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Slovakia (%) | 372.2 Sep 2025 | quarterly | Dec 2012 - Sep 2025 |
| Slovenia (%) | 318.0 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Spain (%) | 551.7 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Sweden (%) | 742.7 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Switzerland (%) | 899.6 2025 | yearly | 1999 - 2025 |
| Taiwan, China (%) | 880.3 2024 | yearly | 2000 - 2024 |
| Turkey (%) | 245.6 Dec 2025 | quarterly | Dec 2014 - Dec 2025 |
| Ukraine (%) | 235.5 2021 | yearly | 2009 - 2021 |
| United Kingdom (%) | 825.0 Dec 2025 | quarterly | Mar 1987 - Dec 2025 |
| United States (%) | 719.3 Dec 2025 | quarterly | Dec 1951 - Dec 2025 |
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Learn more about what we doNorth Macedonia Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.6 2024 | yearly | 1993 - 2024 |
| Consolidated Fiscal Balance (USD mn) | -764.590 2025 | yearly | 2009 - 2025 |
| Tax Revenue (USD mn) | 311.743 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Tax Revenue: % of GDP (%) | 17.9 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| National Government Debt (USD mn) | 10,272.3 Dec 2025 | quarterly | Dec 2009 - Dec 2025 |
| Government Debt: % of GDP (%) | 51.8 Dec 2025 | quarterly | Dec 2009 - Dec 2025 |
| Forecast: Government Expenditure (MKD bn) | 542.546 2031 | yearly | 1997 - 2031 |
| Forecast: Government Net Debt (MKD bn) | 810.662 2031 | yearly | 1999 - 2031 |
| Forecast: Government Revenue (MKD bn) | 497.883 2031 | yearly | 1997 - 2031 |
| Central Government Budget: Financing (MKD mn) | 6,415.000 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) | 1,729.000 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Central Government Budget: Revenue (MKD mn) | 31,990.000 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Central Government Budget Balance (MKD mn) | -6,415.000 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Central Government Budget: Expenditure: Capital (MKD mn) | 4,481.000 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Central Government Budget: Expenditure: Current (MKD mn) | 33,924.000 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) | 7,705.000 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Central Government Budget: Expenditure (MKD mn) | 38,405.000 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Public Debt: Domestic (EUR mn) | 4,570.228 2025 | yearly | 1999 - 2025 |
| Public Debt: External (EUR mn) | 5,493.877 2025 | yearly | 1999 - 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 4.913 2028 | yearly | 1993 - 2028 |
| Trade Balance (USD mn) | -193.5 Mar 2026 | monthly | Dec 1993 - Mar 2026 |
| Total Exports (USD mn) | 855.3 Mar 2026 | monthly | Jan 2002 - Mar 2026 |
| Total Exports Growth (%) | 10.3 Sep 2025 | monthly | Jan 2003 - Sep 2025 |
| Aluminum: Exports (USD th) | 2,950.942 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 173,759.623 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 2,463.067 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 1,048.7 Mar 2026 | monthly | Jan 2002 - Mar 2026 |
| Total Imports Growth (%) | 3.6 Mar 2026 | monthly | Jan 2003 - Mar 2026 |
| Imports: Medicament (USD th) | 226,116.306 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 80,622.846 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 5.813 Mar 2026 | monthly | Jan 1999 - Mar 2026 |
| Total Imports from USA (USD mn) | 15.340 Mar 2026 | monthly | Jan 1993 - Mar 2026 |
| Total Exports to China (USD mn) | 4.783 Mar 2026 | monthly | Jan 1999 - Mar 2026 |
| Total Imports from China (USD mn) | 106.971 Mar 2026 | monthly | Aug 1996 - Mar 2026 |
| Exports: Kosovo (USD th) | 42,537.159 Mar 2026 | monthly | Jan 2013 - Mar 2026 |
| Exports: Germany (USD th) | 308,271.804 Mar 2026 | monthly | Jan 2013 - Mar 2026 |
| Exports: Czech Republic (USD th) | 25,319.847 Mar 2026 | monthly | Jan 2013 - Mar 2026 |
| Exports: China (USD th) | 4,782.940 Mar 2026 | monthly | Jan 2013 - Mar 2026 |
| Exports: Bulgaria (USD th) | 57,705.103 Mar 2026 | monthly | Jan 2013 - Mar 2026 |
| Imports: USA (USD th) | 15,339.616 Mar 2026 | monthly | Jan 2013 - Mar 2026 |
| Imports: Greece (USD th) | 98,114.419 Mar 2026 | monthly | Jan 2013 - Mar 2026 |
| Imports: Great Britain (USD th) | 183,695.692 Mar 2026 | monthly | Jan 2013 - Mar 2026 |
| Imports: Germany (USD th) | 98,078.819 Mar 2026 | monthly | Jan 2013 - Mar 2026 |
| Imports: China (USD th) | 106,971.350 Mar 2026 | monthly | Jan 2013 - Mar 2026 |
| Import Value Index (2015=100) | 187.400 2023 | yearly | 1995 - 2023 |
| Export Value Index (2015=100) | 197.800 2023 | yearly | 1995 - 2023 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -215.0 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Current Account Balance (USD mn) | 37.6 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| Current Account Balance: % of GDP (%) | -5.6 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Foreign Direct Investment (USD mn) | 68.0 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| Foreign Direct Investment: % of GDP (%) | 0.5 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Foreign Portfolio Investment (USD mn) | 22.461 Dec 2025 | quarterly | Mar 1998 - Dec 2025 |
| Foreign Portfolio Investment: % of GDP (%) | 0.4 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.2 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 22.286 Dec 2025 | quarterly | Mar 1998 - Dec 2025 |
| External Debt (USD mn) | 14,345.4 Dec 2025 | quarterly | Dec 2005 - Dec 2025 |
| External Debt: % of GDP (%) | 72.0 2025 | yearly | 2004 - 2025 |
| External Debt: Short Term (USD mn) | 3,679.0 Dec 2025 | quarterly | Dec 2005 - Dec 2025 |
| External Debt: Short Term: % of GDP (%) | 19.4 2024 | yearly | 2004 - 2024 |
| Total Debt: % of GDP (%) | 342.8 2025 | yearly | 2013 - 2025 |
| Forecast: Current Account Balance (USD bn) | -0.873 2031 | yearly | 1992 - 2031 |
| Net International Investment Position (USD mn) | -10,243.560 Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| BoP: CA: Primary Income (PI) (USD mn) | -76.758 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| BoP: CA: SI: Debit (USD mn) | 24.535 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) | 34.832 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| BoP: CA: Credit (USD mn) | 1,320.558 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| BoP: Net Errors & Omissions (USD mn) | -2.908 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) | -7.355 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: FA: PI: Net Incurrence of Liabilities (USD mn) | -65.253 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: CA: Debit (USD mn) | 1,358.268 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: CA: GS: Services (USD mn) | 83.792 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| Balance of Payments (BoP): Current Account (CA) (USD mn) | -178.446 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| BoP: Capital Account (USD mn) | -0.127 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) | 62.437 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) | 0.000 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| BoP: CA: SI: Credit (USD mn) | 331.474 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: FA: Reserve Assets (USD mn) | -120.323 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: Capital Account: Credit (USD mn) | 0.048 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: CA: PI: Credit (USD mn) | 27.936 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| BoP: CA: PI: Debit (USD mn) | 102.693 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: CA: GS: Services: Debit (USD mn) | 235.032 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: CA: GS: Goods (USD mn) | -273.325 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: Capital Account: Debit (USD mn) | 0.176 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: CA: GS: Services: Credit (USD mn) | 318.824 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: FA: Other Investment (OI) (USD mn) | 102.630 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: CA: Secondary Income (SI) (USD mn) | 306.939 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: FA: Direct Investment (DI) (USD mn) | -5.595 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: FA: DI: Net Incurrence of Liabilities (USD mn) | 68.032 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| BoP: CA: GS: Goods: Credit (USD mn) | 641.390 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| BoP: Financial Account (FA) (USD mn) | -153.901 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| BoP: CA: GS: Goods: Debit (USD mn) | 1,077.955 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| BoP: FA: OI: Net Incurrence of Liabilities (USD mn) | 270.039 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| BoP: FA: Portfolio Investment (PI) (USD mn) | 105.854 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Gross External Debt: GG: Long Term (LT) (EUR mn) | 4,053.687 Dec 2025 | quarterly | Mar 2006 - Dec 2025 |
| Gross External Debt: GG: Short Term (ST) (EUR mn) | 0.144 Dec 2025 | quarterly | Mar 2006 - Dec 2025 |
| Gross External Debt: MI: Private (EUR mn) | 6,762.921 Dec 2025 | quarterly | Mar 2006 - Dec 2025 |
| Gross External Debt: Memorandum Items (MI): Public (EUR mn) | 5,438.688 Dec 2025 | quarterly | Mar 2006 - Dec 2025 |
| FDI: Flow: United States of America (EUR mn) | 6.594 Dec 2025 | quarterly | Mar 2008 - Dec 2025 |
| FDI: Flow: Austria (EUR mn) | -17.989 Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| FDI: Flow: Belgium (EUR mn) | -2.770 Dec 2025 | quarterly | Mar 2008 - Dec 2025 |
| FDI: Flow: Turkey (EUR mn) | 23.857 Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| FDI: Flow: United Kingdom (EUR mn) | -13.903 Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) | 6.334 Sep 2025 | quarterly | Mar 2009 - Sep 2025 |
| FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) | -3.361 Dec 2025 | quarterly | Mar 2009 - Dec 2025 |
| FDI: Flow: NACE 2: Manufacturing (EUR mn) | -45.634 Sep 2025 | quarterly | Mar 2009 - Sep 2025 |
| FDI: Flow: NACE 2: Construction (EUR mn) | 23.826 Sep 2025 | quarterly | Mar 2009 - Sep 2025 |
| FDI: Flow: NACE 2: Services (EUR mn) | -25.282 Sep 2025 | quarterly | Mar 2009 - Sep 2025 |
| Foreign Direct Investment (FDI): Flow (USD mn) | 21.374 Sep 2025 | monthly | Jan 2007 - Sep 2025 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.9 Dec 2025 | quarterly | Dec 2005 - Dec 2025 |
| Household Debt: % of GDP (%) | 26.6 Dec 2025 | quarterly | Mar 2003 - Dec 2025 |
| Non-Performing Loans (USD mn) | 233.627 Sep 2025 | quarterly | Dec 2005 - Sep 2025 |
| Money Supply M1 (USD mn) | 6,054.466 Mar 2026 | monthly | Jan 2003 - Mar 2026 |
| Money Supply M2 (USD mn) | 10,644.278 Mar 2026 | monthly | Jan 2003 - Mar 2026 |
| M2 Growth (%) | 11.9 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Reserve Requirement Ratio (%) | 9.0 Apr 2026 | monthly | Jan 2004 - Apr 2026 |
| Foreign Exchange Reserves (USD mn) | 5,075.9 Apr 2026 | monthly | Dec 1993 - Apr 2026 |
| Foreign Exchange Reserves: % of GDP (%) | 24.328 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.8 Mar 2026 | monthly | Jan 2002 - Mar 2026 |
| Gold Reserves (USD mn) | 1,025.228 Apr 2026 | monthly | Dec 1992 - Apr 2026 |
| Total Deposits (USD mn) | 12,404.350 Mar 2026 | monthly | Jan 2003 - Mar 2026 |
| Total Deposits Growth (%) | 11.3 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Domestic Credit (USD mn) | 12,156.6 Mar 2026 | monthly | Jan 2003 - Mar 2026 |
| Domestic Credit Growth (%) | 13.1 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Household Debt (USD mn) | 5,285.7 Mar 2026 | monthly | Jan 2003 - Mar 2026 |
| Total Loans (USD mn) | 10,617.520 Mar 2026 | monthly | Jan 2003 - Mar 2026 |
| Total Loans Growth (%) | 13.06 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Private Debt: % of Nominal GDP (%) | 52.65 Dec 2025 | quarterly | Mar 2003 - Dec 2025 |
| Official Reserve Assets (EUR mn) | 5,207.362 Apr 2026 | monthly | Jan 2005 - Apr 2026 |
| Official Reserve Assets: Foreign Currency (EUR mn) | 4,327.626 Apr 2026 | monthly | Jan 2005 - Apr 2026 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -2.9 Dec 2022 | monthly | Apr 2002 - Dec 2022 |
More Indicators for North Macedonia
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