Total debt service in North Macedonia
North Macedonia: Total debt service was 9.6% in 2024. ▲ Rising
Total debt service in North Macedonia, 1993–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, total debt service in North Macedonia stood at 9.6%.
The figure is down 22.0% on the previous year and up 10.8% over ten years.
Over the whole period, total debt service in North Macedonia peaked at 12.3% in 2023 and was at its lowest, 0.6%, in 1993.
That places North Macedonia 20th 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.
Total debt service in North Macedonia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1993 | 0.6% | — |
| 1994 | 4.4% | +621.5% |
| 1995 | 0.7% | -84.7% |
| 1996 | 1.3% | +90.3% |
| 1997 | 3.1% | +140.9% |
| 1998 | 4.3% | +37.2% |
| 1999 | 4.2% | -1.8% |
| 2000 | 3.7% | -10.4% |
| 2001 | 5.3% | +42.1% |
| 2002 | 6.0% | +13.0% |
| 2003 | 5.0% | -17.1% |
| 2004 | 5.0% | -0.0% |
| 2005 | 4.5% | -10.5% |
| 2006 | 8.3% | +84.9% |
| 2007 | 8.9% | +7.6% |
| 2008 | 4.7% | -47.4% |
| 2009 | 5.7% | +22.7% |
| 2010 | 6.7% | +17.3% |
| 2011 | 9.3% | +37.8% |
| 2012 | 7.3% | -21.0% |
| 2013 | 12.3% | +67.8% |
| 2014 | 8.7% | -29.6% |
| 2015 | 11.2% | +29.8% |
| 2016 | 8.8% | -21.8% |
| 2017 | 8.5% | -3.4% |
| 2018 | 11.0% | +29.1% |
| 2019 | 6.4% | -41.4% |
| 2020 | 10.2% | +58.2% |
| 2021 | 11.5% | +13.3% |
| 2022 | 8.1% | -29.6% |
| 2023 | 12.3% | +51.7% |
| 2024 | 9.6% | -22.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.7% | 0.6% | 4.4% | 7 |
| 2000s | 5.7% | 3.7% | 8.9% | 10 |
| 2010s | 9.0% | 6.4% | 12.3% | 10 |
| 2020s | 10.3% | 8.1% | 12.3% | 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 (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)
- Gross capital formation (constant 2015 US$), per capita 2,013 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 10.79 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.7339 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 7,699 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 6.46 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 40.11 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is total debt service in North Macedonia?
- Total debt service in North Macedonia was 9.6% 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 12.3% in 2023.
- What is the lowest total debt service recorded in North Macedonia?
- The lowest recorded value was 0.6% in 1993.
- How does North Macedonia rank for total debt service?
- North Macedonia ranks 20th out of 122 countries with data for 2024.
- Is total debt service rising or falling in North Macedonia?
- Over the last ten years it is up 10.8%. 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 GNI). Statizoid updates them automatically from the source API.
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About this data
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.