Short-term debt in North Macedonia
North Macedonia: Short-term debt was 29.7% in 2024. ▲ Rising
Short-term debt in North Macedonia, 1996–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
In 2024, short-term debt in North Macedonia stood at 29.7%.
That represents a change of up 3.0% on the previous year and up 6.2% over ten years.
Over the whole period, short-term debt in North Macedonia peaked at 47.6% in 2004 and was at its lowest, 3.7%, in 2003.
That places North Macedonia 22nd out of 119 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Short-term debt in North Macedonia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1996 | 24.7% | — |
| 1997 | 13.8% | -44.3% |
| 1998 | 13.2% | -4.3% |
| 1999 | 5.0% | -62.0% |
| 2000 | 4.7% | -6.6% |
| 2001 | 6.8% | +46.1% |
| 2002 | 7.5% | +10.3% |
| 2003 | 3.7% | -50.7% |
| 2004 | 47.6% | +1179.8% |
| 2005 | 36.5% | -23.3% |
| 2006 | 32.4% | -11.4% |
| 2007 | 41.8% | +29.1% |
| 2008 | 29.0% | -30.6% |
| 2009 | 44.5% | +53.5% |
| 2010 | 32.1% | -27.9% |
| 2011 | 31.6% | -1.6% |
| 2012 | 39.3% | +24.5% |
| 2013 | 30.6% | -22.2% |
| 2014 | 28.0% | -8.5% |
| 2015 | 31.5% | +12.5% |
| 2016 | 32.5% | +3.3% |
| 2017 | 35.2% | +8.2% |
| 2018 | 31.6% | -10.2% |
| 2019 | 31.2% | -1.1% |
| 2020 | 28.9% | -7.3% |
| 2021 | 26.0% | -10.1% |
| 2022 | 30.3% | +16.4% |
| 2023 | 28.8% | -4.8% |
| 2024 | 29.7% | +3.0% |
North Macedonia compared with similar countries
- North Macedonia's 29.7% is above the median for upper middle income countries, which is 17.7%, 1.7× the median. (51 countries reporting)
- North Macedonia's 29.7% is above the median for Europe & Central Asia, which is 18.6%, 1.6× the median. (19 countries reporting)
Biggest year-on-year movements
Years where Short-term debt in North Macedonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +1179.8% | 3.7% | 47.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.2% | 5.0% | 24.7% | 4 |
| 2000s | 25.5% | 3.7% | 47.6% | 10 |
| 2010s | 32.3% | 28.0% | 39.3% | 10 |
| 2020s | 28.8% | 26.0% | 30.3% | 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)
- 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 short-term debt in North Macedonia?
- Short-term debt in North Macedonia was 29.7% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in North Macedonia?
- The highest recorded value was 47.6% in 2004.
- What is the lowest short-term debt recorded in North Macedonia?
- The lowest recorded value was 3.7% in 2003.
- How does North Macedonia rank for short-term debt?
- North Macedonia ranks 22nd out of 119 countries with data for 2024.
- Is short-term debt rising or falling in North Macedonia?
- Over the last ten years it is up 6.2%. 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 Short-term debt (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.