Short-term debt in North Macedonia
North Macedonia: Short-term debt was 60.5% in 2024. ▲ Rising
Short-term debt in North Macedonia, 1993–2024
Source: World Development Indicators, World Bank (WB). Measured in % of total reserves.
Analysis
The most recent figure for short-term debt in North Macedonia is 60.5%, measured in 2024.
Compared with earlier readings it is down 3.3% on the previous year and up 14.1% over ten years.
Over the whole period, short-term debt in North Macedonia peaked at 103.2% in 1993 and was at its lowest, 5.4%, in 2003.
That places North Macedonia 23rd out of 112 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.
Short-term debt in North Macedonia, year by year
| Year | % of total reserves | Change |
|---|---|---|
| 1993 | 103.2% | — |
| 1994 | 94.0% | -9.0% |
| 1995 | 51.9% | -44.7% |
| 1996 | 100.6% | +93.7% |
| 1997 | 48.9% | -51.4% |
| 1998 | 40.6% | -16.9% |
| 1999 | 12.1% | -70.2% |
| 2000 | 12.0% | -1.1% |
| 2001 | 9.1% | -23.6% |
| 2002 | 9.9% | +8.1% |
| 2003 | 5.4% | -45.3% |
| 2004 | 84.1% | +1456.0% |
| 2005 | 59.7% | -29.1% |
| 2006 | 45.9% | -23.1% |
| 2007 | 70.5% | +53.7% |
| 2008 | 62.2% | -11.9% |
| 2009 | 61.7% | -0.7% |
| 2010 | 53.5% | -13.3% |
| 2011 | 59.4% | +11.0% |
| 2012 | 61.4% | +3.5% |
| 2013 | 54.7% | -11.0% |
| 2014 | 53.1% | -3.0% |
| 2015 | 64.6% | +21.7% |
| 2016 | 66.2% | +2.5% |
| 2017 | 80.4% | +21.5% |
| 2018 | 75.0% | -6.8% |
| 2019 | 68.2% | -9.0% |
| 2020 | 51.6% | -24.4% |
| 2021 | 59.1% | +14.5% |
| 2022 | 75.6% | +27.9% |
| 2023 | 62.6% | -17.1% |
| 2024 | 60.5% | -3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 64.5% | 12.1% | 103.2% | 7 |
| 2000s | 42.1% | 5.4% | 84.1% | 10 |
| 2010s | 63.7% | 53.1% | 80.4% | 10 |
| 2020s | 61.9% | 51.6% | 75.6% | 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 6.68 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.536 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 5,623 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -19.44 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -14.77 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 6.39 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 3.27 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 34,264 current LCU per person (2025)
Frequently asked questions
- What is short-term debt in North Macedonia?
- Short-term debt in North Macedonia was 60.5% in 2024, according to World Development Indicators, World Bank (WB).
- What is the highest short-term debt recorded in North Macedonia?
- The highest recorded value was 103.2% in 1993.
- What is the lowest short-term debt recorded in North Macedonia?
- The lowest recorded value was 5.4% in 2003.
- How does North Macedonia rank for short-term debt?
- North Macedonia ranks 23rd out of 112 countries with data for 2024.
- Is short-term debt rising or falling in North Macedonia?
- Over the last ten years it is up 14.1%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from World Development Indicators, World Bank (WB), published as part of Short-term debt (% of total reserves). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.