Debt service as a share of exports of good and services in North Macedonia
North Macedonia: Debt service as a share of exports of good and services was 8.8% in 2023. ▼ Falling
Latest (2023)
8.8%
Change on year
up 158.2%
World rank
47th
of 116 countries
All-time high
15.3%
in 2002
All-time low
2.9%
in 2008
Years of data
24
2000–2023
Debt service as a share of exports of good and services in North Macedonia, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for debt service as a share of exports of good and services in North Macedonia is 8.8%, measured in 2023.
Compared with earlier readings it is up 158.2% on the previous year and down 17.2% over ten years.
Over the whole period, debt service as a share of exports of good and services in North Macedonia peaked at 15.3% in 2002 and was at its lowest, 2.9%, in 2008.
North Macedonia ranks 47th of 116 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Debt service as a share of exports of good and services in North Macedonia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 6.6% | — |
| 2001 | 14.0% | +111.5% |
| 2002 | 15.3% | +9.5% |
| 2003 | 11.2% | -26.9% |
| 2004 | 8.0% | -28.4% |
| 2005 | 6.2% | -23.4% |
| 2006 | 13.9% | +125.4% |
| 2007 | 10.6% | -23.9% |
| 2008 | 2.9% | -72.2% |
| 2009 | 4.3% | +45.4% |
| 2010 | 4.1% | -4.2% |
| 2011 | 3.8% | -8.1% |
| 2012 | 5.2% | +40.0% |
| 2013 | 10.7% | +103.0% |
| 2014 | 6.5% | -39.2% |
| 2015 | 11.4% | +75.6% |
| 2016 | 7.0% | -38.0% |
| 2017 | 5.8% | -17.2% |
| 2018 | 6.6% | +12.5% |
| 2019 | 4.2% | -35.9% |
| 2020 | 10.1% | +138.7% |
| 2021 | 10.2% | +2.0% |
| 2022 | 3.4% | -66.6% |
| 2023 | 8.8% | +158.2% |
North Macedonia compared with similar countries
- North Macedonia's 8.8% is above the median for upper middle income countries, which is 7.6%, 1.2× the median. (50 countries reporting)
- North Macedonia's 8.8% is above the median for Europe & Central Asia, which is 6.8%, 1.3× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.3% | 2.9% | 15.3% | 10 |
| 2010s | 6.5% | 3.8% | 11.4% | 10 |
| 2020s | 8.1% | 3.4% | 10.2% | 4 |
Countries ranked near North Macedonia
- 44 Belarus 9.1% compare
- 45 Mauritania 9.1% compare
- 46 Togo 8.9% compare
- 48 Indonesia 8.8% compare
- 49 Republic of Moldova 8.7% compare
- 50 Kyrgyzstan 8.5% compare
More economy & growth data for North Macedonia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 400.07 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0209 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 219.71 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 675.78 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -36.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0354 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 371.12 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.51 % change on previous year (2025)
Frequently asked questions
- What is debt service as a share of exports of good and services in North Macedonia?
- Debt service as a share of exports of good and services in North Macedonia was 8.8% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest debt service as a share of exports of good and services recorded in North Macedonia?
- The highest recorded value was 15.3% in 2002.
- What is the lowest debt service as a share of exports of good and services recorded in North Macedonia?
- The lowest recorded value was 2.9% in 2008.
- How does North Macedonia rank for debt service as a share of exports of good and services?
- North Macedonia ranks 47th out of 116 countries with data for 2023.
- Is debt service as a share of exports of good and services rising or falling in North Macedonia?
- Over the last ten years it is down 17.2%. The long-run trend across the full record is falling.
- Where does this North Macedonia data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Debt service as a share of exports of good and services. Statizoid updates them automatically from the source API.
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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Debt service as a proportion of exports of goods, services and primary income (%).