External debt stocks in North Macedonia
North Macedonia: External debt stocks was 81.2% in 2024. ▲ Rising
External debt stocks in North Macedonia, 1993–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
North Macedonia recorded 81.2% for external debt stocks in 2024.
The figure is down 3.0% on the previous year and up 35.2% over ten years.
Over the whole period, external debt stocks in North Macedonia peaked at 87.3% in 2022 and was at its lowest, 25.9%, in 1995.
That places North Macedonia 18th out of 122 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 32 years of available data.
External debt stocks in North Macedonia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1993 | 38.1% | — |
| 1994 | 29.4% | -22.7% |
| 1995 | 25.9% | -12.1% |
| 1996 | 37.7% | +45.8% |
| 1997 | 31.9% | -15.4% |
| 1998 | 40.1% | +25.6% |
| 1999 | 38.2% | -4.8% |
| 2000 | 39.9% | +4.5% |
| 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 |
|---|---|---|---|---|
| 1990s | 34.5% | 25.9% | 40.1% | 7 |
| 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 capital formation (current US$), annual growth rate 16.83 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.3172 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 3,328 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 12.26 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 17.34 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 181,859 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 7.99 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1919 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is external debt stocks in North Macedonia?
- External debt stocks in North Macedonia was 81.2% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks recorded in North Macedonia?
- The highest recorded value was 87.3% in 2022.
- What is the lowest external debt stocks recorded in North Macedonia?
- The lowest recorded value was 25.9% in 1995.
- How does North Macedonia rank for external debt stocks?
- North Macedonia ranks 18th out of 122 countries with data for 2024.
- Is external debt stocks 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 International Debt Statistics, World Bank (WB), published as part of External debt stocks (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.