Total debt service in North Macedonia
North Macedonia: Total debt service was 14.4% in 2024. ▲ Rising
Total debt service 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, total debt service in North Macedonia stood at 14.4%.
Compared with earlier readings it is down 15.2% on the previous year and down 15.9% over ten years.
Over the whole period, total debt service in North Macedonia peaked at 26.4% in 2013 and was at its lowest, 5.4%, in 1996.
That places North Macedonia 52nd out of 120 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Total debt service in North Macedonia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1996 | 5.4% | — |
| 1997 | 12.0% | +121.4% |
| 1998 | 15.3% | +27.3% |
| 1999 | 14.3% | -6.8% |
| 2000 | 11.8% | -17.4% |
| 2001 | 18.3% | +55.6% |
| 2002 | 23.1% | +25.8% |
| 2003 | 17.9% | -22.2% |
| 2004 | 16.1% | -10.4% |
| 2005 | 12.5% | -22.0% |
| 2006 | 21.1% | +68.0% |
| 2007 | 18.5% | -12.3% |
| 2008 | 10.1% | -45.3% |
| 2009 | 16.9% | +66.7% |
| 2010 | 16.4% | -2.6% |
| 2011 | 19.0% | +15.9% |
| 2012 | 15.4% | -18.8% |
| 2013 | 26.4% | +70.9% |
| 2014 | 17.1% | -35.0% |
| 2015 | 21.6% | +25.9% |
| 2016 | 16.1% | -25.6% |
| 2017 | 14.4% | -10.5% |
| 2018 | 17.1% | +18.8% |
| 2019 | 9.7% | -43.3% |
| 2020 | 16.5% | +69.7% |
| 2021 | 16.5% | +0.0% |
| 2022 | 10.5% | -36.1% |
| 2023 | 17.0% | +61.6% |
| 2024 | 14.4% | -15.2% |
North Macedonia compared with similar countries
- North Macedonia's 14.4% is above the median for upper middle income countries, which is 14.4%, 1.0× the median. (51 countries reporting)
- North Macedonia's 14.4% is above the median for Europe & Central Asia, which is 14.0%, 1.0× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.8% | 5.4% | 15.3% | 4 |
| 2000s | 16.6% | 10.1% | 23.1% | 10 |
| 2010s | 17.3% | 9.7% | 26.4% | 10 |
| 2020s | 15.0% | 10.5% | 17.0% | 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 total debt service in North Macedonia?
- Total debt service in North Macedonia was 14.4% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in North Macedonia?
- The highest recorded value was 26.4% in 2013.
- What is the lowest total debt service recorded in North Macedonia?
- The lowest recorded value was 5.4% in 1996.
- How does North Macedonia rank for total debt service?
- North Macedonia ranks 52nd out of 120 countries with data for 2024.
- Is total debt service rising or falling in North Macedonia?
- Over the last ten years it is down 15.9%. 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 Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.