External debt as a share of gross national income in North Macedonia
North Macedonia: External debt as a share of gross national income was 81.2% in 2024. ▲ Rising
External debt as a share of gross national income in North Macedonia, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, external debt as a share of gross national income in North Macedonia stood at 81.2%.
The figure is down 3.0% on the previous year and up 35.2% over ten years.
Over the whole period, external debt as a share of gross national income in North Macedonia peaked at 87.3% in 2022 and was at its lowest, 38.2%, in 2003.
That places North Macedonia 18th out of 121 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
External debt as a share of gross national income in North Macedonia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 39.9% | — |
| 2001 | 40.6% | +1.7% |
| 2002 | 41.7% | +2.7% |
| 2003 | 38.2% | -8.4% |
| 2004 | 50.0% | +30.8% |
| 2005 | 48.4% | -3.1% |
| 2006 | 48.2% | -0.5% |
| 2007 | 52.4% | +8.7% |
| 2008 | 43.9% | -16.2% |
| 2009 | 55.8% | +27.3% |
| 2010 | 55.2% | -1.2% |
| 2011 | 58.0% | +5.2% |
| 2012 | 67.6% | +16.4% |
| 2013 | 60.1% | -11.0% |
| 2014 | 60.0% | -0.2% |
| 2015 | 67.6% | +12.7% |
| 2016 | 71.9% | +6.3% |
| 2017 | 77.6% | +8.0% |
| 2018 | 70.9% | -8.7% |
| 2019 | 73.9% | +4.2% |
| 2020 | 85.6% | +15.8% |
| 2021 | 81.2% | -5.1% |
| 2022 | 87.3% | +7.5% |
| 2023 | 83.7% | -4.1% |
| 2024 | 81.2% | -3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 45.9% | 38.2% | 55.8% | 10 |
| 2010s | 66.3% | 55.2% | 77.6% | 10 |
| 2020s | 83.8% | 81.2% | 87.3% | 5 |
Countries ranked near North Macedonia
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)
- Gross value added at basic prices (GVA) (current US$), annual growth 13.49 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8702 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 9,129 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.06 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 47.56 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 498,876 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.46 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5645 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is external debt as a share of gross national income in North Macedonia?
- External debt as a share of gross national income in North Macedonia was 81.2% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest external debt as a share of gross national income recorded in North Macedonia?
- The highest recorded value was 87.3% in 2022.
- What is the lowest external debt as a share of gross national income recorded in North Macedonia?
- The lowest recorded value was 38.2% in 2003.
- How does North Macedonia rank for external debt as a share of gross national income?
- North Macedonia ranks 18th out of 121 countries with data for 2024.
- Is external debt as a share of gross national income rising or falling in North Macedonia?
- Over the last ten years it is up 35.2%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of External debt as a share of gross national income. Statizoid updates them automatically from the source API.
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About this data
External debt stocks as a proportion of GNI (%).