North Macedonia External Debt: % of GDP

2004 - 2021 | Yearly | % | National Bank of the Republic of North Macedonia

Key information about North Macedonia External Debt: % of GDP

  • North Macedonia External Debt accounted for 81.9 % of the country's Nominal GDP in 2021, compared with the ratio of 78.7 % in the previous year.
  • North Macedonia External Debt: % of Nominal GDP data is updated yearly, available from Dec 2004 to Dec 2021.
  • The data reached an all-time high of 81.9 % in Dec 2021 and a record low of 45.4 % in Dec 2004.




Related information about North Macedonia External Debt: % of GDP

  • In the latest reports of North Macedonia, Current Account recorded a deficit of 37.2 USD mn in Sep 2022.
  • Foreign Direct Investment (FDI) increased by 81.0 USD mn in Sep 2022.
  • North Macedonia Direct Investment Abroad expanded by 75.3 USD mn in Sep 2022.
  • Its Foreign Portfolio Investment increased by 219.5 USD mn in Sep 2022.
  • The country's External Debt reached 10,751.7 in Sep 2022.
  • The country's Nominal GDP was reported at 3.3 USD bn in Sep 2022.

View North Macedonia's External Debt: % of GDP from 2004 to 2021 in the chart:

North Macedonia External Debt: % of GDP

What was North Macedonia's External Debt: % of GDP in 2021?

North Macedonia External Debt accounted for 81.9 % of the country's Nominal GDP in 2021, compared with the ratio of 78.7 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
81.9 2021 78.7 2020 45.4 2004 81.9 2021 % yearly 2004 - 2021

External Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 63.2 2021 yearly 1991 - 2021
Algeria (%) 1.9 2021 yearly 1970 - 2021
Argentina (%) 56.6 2021 yearly 1994 - 2021
Armenia (%) 99.9 2021 yearly 2000 - 2021
Australia (%) 115.9 2022 yearly 1988 - 2022
Austria (%) 163.3 2021 yearly 1997 - 2021
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 57.7 Sep 2022 quarterly Dec 2000 - Sep 2022
Belgium (%) 258.5 2021 yearly 2007 - 2021
Bolivia (%) 38.8 2020 yearly 2006 - 2020
Bosnia and Herzegovina (%) 24.1 2021 yearly 1999 - 2021
Botswana (%) 8.0 2022 yearly 1995 - 2022
Brazil (%) 34.4 2021 yearly 1992 - 2021
Bulgaria (%) 52.0 2022 yearly 1999 - 2022
Cambodia (%) 75.1 2021 yearly 2010 - 2021
Canada (%) 135.5 2021 yearly 1990 - 2021
Chile (%) 75.4 2021 yearly 1971 - 2021
China (%) 15.4 2021 yearly 1985 - 2021
Colombia (%) 53.4 2022 yearly 1970 - 2022
Croatia (%) 77.5 2021 yearly 1998 - 2021
Cyprus (%) 699.5 2021 yearly 2004 - 2021
Czech Republic (%) 73.2 2021 yearly 1995 - 2021
Denmark (%) 151.0 2021 yearly 2005 - 2021
Ecuador (%) 54.1 2021 yearly 1970 - 2021
Egypt (%) 32.4 Sep 2022 quarterly Jun 1999 - Sep 2022
Estonia (%) 84.7 2021 yearly 1996 - 2021
European Union (%) 129.2 2021 yearly 2008 - 2021
Finland (%) 213.5 2022 yearly 1991 - 2022
France (%) 256.2 2021 yearly 2004 - 2021
Georgia (%) 117.8 2021 yearly 1999 - 2021
Germany (%) 169.4 2021 yearly 1999 - 2021
Ghana (%) 35.9 2021 yearly 1999 - 2021
Greece (%) 305.3 2021 yearly 2003 - 2021
Hong Kong SAR, China (%) 508.8 2021 yearly 2001 - 2021
Hungary (%) 157.7 2021 yearly 2006 - 2021
Iceland (%) 79.2 2022 yearly 1989 - 2022
India (%) 20.0 2022 yearly 1970 - 2022
Indonesia (%) 30.1 2022 yearly 2003 - 2022
Iran (%) 0.9 2021 yearly 1994 - 2021
Ireland (%) 559.9 2022 yearly 2002 - 2022
Israel (%) 33.1 2021 yearly 1998 - 2021
Italy (%) 137.8 2021 yearly 2002 - 2021
Ivory Coast (%) 31.4 2021 yearly 1994 - 2021
Japan (%) 101.8 2022 yearly 2003 - 2022
Jordan (%) 85.7 2021 yearly 1970 - 2021
Kazakhstan (%) 74.7 Sep 2022 quarterly Mar 2002 - Sep 2022
Kenya (%) 34.5 2021 yearly 2006 - 2021
South Korea (%) 39.9 2022 yearly 1994 - 2022
Kosovo (%) 37.4 2021 yearly 2007 - 2021
Kuwait (%) 58.5 2020 yearly 2014 - 2020
Kyrgyzstan (%) 103.7 2021 yearly 2003 - 2021
Laos (%) 53.8 2021 yearly 1996 - 2021
Latvia (%) 100.5 Dec 2022 quarterly Mar 2000 - Dec 2022
Lebanon (%) 53.0 2020 yearly 2007 - 2020
Lithuania (%) 77.0 2021 yearly 1996 - 2021
Luxembourg (%) 4,874.0 2021 yearly 2002 - 2021
North Macedonia (%) 81.9 2021 yearly 2004 - 2021
Malawi (%) 60.1 2021 yearly 2006 - 2021
Malaysia (%) 64.0 2022 yearly 2009 - 2022
Malta (%) 620.0 2021 yearly 2004 - 2021
Mauritius (%) 2,070.9 2021 yearly 2009 - 2021
Mexico (%) 47.1 2021 yearly 2002 - 2021
Moldova (%) 64.1 2021 yearly 2000 - 2021
Mongolia (%) 199.5 2022 yearly 1992 - 2022
Montenegro (%) 180.1 2021 yearly 2006 - 2021
Morocco (%) 47.0 2021 yearly 1970 - 2021
Mozambique (%) 71.7 2020 yearly 1985 - 2020
Myanmar (%) 16.7 2020 yearly 2018 - 2020
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 412.2 2021 yearly 2003 - 2021
New Zealand (%) 87.2 2021 yearly 1993 - 2021
Nigeria (%) 8.8 2021 yearly 1985 - 2021
Norway (%) 135.6 2022 yearly 2003 - 2022
Pakistan (%) 34.5 2022 yearly 2000 - 2022
Palestinian Territory (%) 11.9 2021 yearly 2012 - 2021
Panama (%) 167.4 2021 yearly 2014 - 2021
Paraguay (%) 51.9 2021 yearly 2000 - 2021
Peru (%) 41.8 2022 yearly 1980 - 2022
Philippines (%) 27.0 2021 yearly 1990 - 2021
Poland (%) 56.6 2021 yearly 1995 - 2021
Portugal (%) 191.3 2021 yearly 1996 - 2021
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 49.8 2022 yearly 1995 - 2022
Russia (%) 26.2 2021 yearly 1993 - 2021
Serbia (%) 68.5 2021 yearly 2000 - 2021
Singapore (%) 419.9 2021 yearly 2003 - 2021
Slovakia (%) 135.1 2021 yearly 1995 - 2021
Slovenia (%) 87.8 2022 yearly 2001 - 2022
South Africa (%) 38.3 2021 yearly 1985 - 2021
Spain (%) 192.9 2021 yearly 1995 - 2021
Sri Lanka (%) 57.7 2020 yearly 1998 - 2020
Sudan (%) 202.2 2021 yearly 2001 - 2021
Sweden (%) 172.1 2022 yearly 1997 - 2022
Switzerland (%) 295.8 2021 yearly 1999 - 2021
Taiwan (%) 26.5 2022 yearly 1999 - 2022
Tajikistan (%) 40.6 2020 yearly 2000 - 2020
Thailand (%) 37.0 Sep 2022 quarterly Mar 2005 - Sep 2022
Tunisia (%) 94.6 2021 yearly 2002 - 2021
Turkey (%) 54.2 2021 yearly 1989 - 2021

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North Macedonia Key Series

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Includes 235 key indicators for North Macedonia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.5 2022 yearly 1993 - 2022
Consolidated Fiscal Balance (USD mn) -603.791 2022 yearly 2009 - 2022
Tax Revenue (USD mn) 204.951 Jan 2023 monthly Jan 2004 - Jan 2023
Tax Revenue: % of GDP (%) 15.7 Dec 2022 quarterly Mar 2004 - Dec 2022
National Government Debt (USD mn) 7,040.4 Dec 2022 quarterly Dec 2009 - Dec 2022
Government Debt: % of GDP (%) 51.0 Dec 2022 quarterly Dec 2009 - Dec 2022
Forecast: Government Expenditure (MKD bn) 389.719 2027 yearly 1997 - 2027
Forecast: Government Net Debt (MKD bn) 599.224 2027 yearly 1999 - 2027
Forecast: Government Revenue (MKD bn) 357.081 2027 yearly 1997 - 2027
Central Government Budget: Expenditure: Capital (MKD mn) 1,267.000 Jan 2023 monthly Jan 2004 - Jan 2023
Central Government Budget Balance (MKD mn) -1,412.000 Jan 2023 monthly Jan 2004 - Jan 2023
Central Government Budget: Expenditure: Current (MKD mn) 19,423.000 Jan 2023 monthly Jan 2004 - Jan 2023
Central Government Budget: Expenditure (MKD mn) 20,690.000 Jan 2023 monthly Jan 2004 - Jan 2023
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 2,253.000 Jan 2023 monthly Jan 2004 - Jan 2023
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 6,193.000 Jan 2023 monthly Jan 2004 - Jan 2023
Central Government Budget: Revenue (MKD mn) 19,278.000 Jan 2023 monthly Jan 2004 - Jan 2023
Central Government Budget: Financing (MKD mn) 1,412.000 Jan 2023 monthly Jan 2004 - Jan 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 6.029 2027 yearly 1993 - 2027
Trade Balance (USD mn) -245.7 Jan 2023 monthly Dec 1993 - Jan 2023
Total Exports (USD mn) 671.1 Jan 2023 monthly Jan 2002 - Jan 2023
Total Exports Growth (%) 8.6 Jan 2023 monthly Jan 2003 - Jan 2023
Aluminum: Exports (USD th) 4,680.015 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 83,024.231 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 755.021 2021 yearly 1995 - 2021
Total Imports (USD mn) 916.8 Jan 2023 monthly Jan 2002 - Jan 2023
Total Imports Growth (%) 0.1 Jan 2023 monthly Jan 2003 - Jan 2023
Imports: Medicament (USD th) 166,949.483 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 51,272.681 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 3.892 Jan 2023 monthly Jan 1999 - Jan 2023
Total Imports from USA (USD mn) 14.799 Jan 2023 monthly Jan 1993 - Jan 2023
Total Exports to China (USD mn) 4.087 Jan 2023 monthly Jan 1999 - Jan 2023
Total Imports from China (USD mn) 75.228 Jan 2023 monthly Aug 1996 - Jan 2023
Exports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 50,058.257 Jan 2023 monthly Jan 2003 - Jan 2023
Exports: ytd: SITC: Beverages and Tobacco (USD th) 10,893.200 Jan 2023 monthly Jan 2003 - Jan 2023
Exports: ytd: SITC: Manufactured Goods (USD th) 79,069.765 Jan 2023 monthly Jan 2003 - Jan 2023
Exports: ytd: SITC: Food Products (USD th) 26,301.846 Jan 2023 monthly Jan 2003 - Jan 2023
Exports: ytd: SITC: Miscellaneous Manufactured Articles (USD th) 79,750.618 Jan 2023 monthly Jan 2003 - Jan 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -73.5 Dec 2022 monthly Jan 2001 - Dec 2022
Current Account Balance (USD mn) -170.4 Dec 2022 monthly Jan 2001 - Dec 2022
Current Account Balance: % of GDP (%) -6.6 Dec 2022 quarterly Mar 2000 - Dec 2022
Foreign Direct Investment (USD mn) 8.5 Dec 2022 monthly Jan 2001 - Dec 2022
Foreign Direct Investment: % of GDP (%) -5.0 Dec 2022 quarterly Mar 2000 - Dec 2022
Foreign Portfolio Investment (USD mn) 0.143 Dec 2022 quarterly Mar 1998 - Dec 2022
Foreign Portfolio Investment: % of GDP (%) 0.0 Dec 2022 quarterly Mar 2000 - Dec 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 0.9 Sep 2022 quarterly Mar 1996 - Sep 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 218.574 Sep 2022 quarterly Mar 1998 - Sep 2022
External Debt (USD mn) 10,751.7 Sep 2022 quarterly Dec 2005 - Sep 2022
External Debt: % of GDP (%) 81.9 2021 yearly 2004 - 2021
External Debt: Short Term (USD mn) 3,387.4 Sep 2022 quarterly Dec 2005 - Sep 2022
External Debt: Short Term: % of GDP (%) 18.5 2021 yearly 2004 - 2021
Total Debt: % of GDP (%) 352.6 2021 yearly 2013 - 2021
Forecast: Current Account Balance (USD bn) -0.779 2027 yearly 1992 - 2027
Net International Investment Position (USD mn) -7,620.280 Sep 2022 quarterly Dec 2006 - Sep 2022
BoP: CA: SI: Debit (USD mn) 11.824 Jun 2022 monthly Jan 2001 - Jun 2022
BoP: CA: Primary Income (PI) (USD mn) -52.134 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: CA: SI: Credit (USD mn) 253.745 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: CA: GS: Services (USD mn) -22.534 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: CA: Credit (USD mn) 1,149.415 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 40.019 Sep 2022 monthly Jan 2001 - Sep 2022
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 6.621 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: Net Errors & Omissions (USD mn) 10.953 Sep 2022 monthly Jan 2001 - Sep 2022
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: FA: Reserve Assets (USD mn) 46.272 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: CA: Debit (USD mn) 1,319.774 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 69.099 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) -73.507 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: Capital Account (USD mn) -2.473 Dec 2022 monthly Jan 2001 - Dec 2022
Balance of Payments (BoP): Current Account (CA) (USD mn) -170.359 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: CA: PI: Debit (USD mn) 60.399 Sep 2022 monthly Jan 2001 - Sep 2022
BoP: FA: Portfolio Investment (PI) (USD mn) 62.478 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: CA: Secondary Income (SI) (USD mn) 227.278 Sep 2022 monthly Jan 2001 - Sep 2022
BoP: Financial Account (FA) (USD mn) -175.151 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: CA: GS: Services: Credit (USD mn) 252.190 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: CA: PI: Credit (USD mn) 19.199 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: FA: Direct Investment (DI) (USD mn) -5.619 Sep 2022 monthly Jan 2001 - Sep 2022
BoP: CA: GS: Goods (USD mn) -334.127 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: FA: Other Investment (OI) (USD mn) -201.885 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: Capital Account: Debit (USD mn) 1.401 Sep 2022 monthly Jan 2001 - Sep 2022
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 8.508 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: CA: GS: Services: Debit (USD mn) 122.614 Sep 2022 monthly Jan 2001 - Sep 2022
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) -98.065 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: CA: GS: Goods: Debit (USD mn) 987.723 Sep 2022 monthly Jan 2001 - Sep 2022
BoP: Capital Account: Credit (USD mn) 0.153 Dec 2022 monthly Jan 2001 - Dec 2022
BoP: CA: GS: Goods: Credit (USD mn) 624.281 Dec 2022 monthly Jan 2001 - Dec 2022
Gross External Debt: GG: Long Term (LT) (EUR mn) 3,272.358 Sep 2022 quarterly Mar 2006 - Sep 2022
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.000 Sep 2022 quarterly Mar 2006 - Sep 2022
Gross External Debt: MI: Private (EUR mn) 5,733.294 Sep 2022 quarterly Mar 2006 - Sep 2022
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 5,344.031 Sep 2022 quarterly Mar 2006 - Sep 2022
Foreign Direct Investment (FDI): Flow (USD mn) 86.153 Dec 2022 monthly Jan 2007 - Dec 2022
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 12.577 Dec 2022 quarterly Mar 2009 - Dec 2022
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) 26.192 Dec 2022 quarterly Mar 2009 - Dec 2022
FDI: Flow: NACE 2: Manufacturing (EUR mn) 356.208 Dec 2022 quarterly Mar 2009 - Dec 2022
FDI: Flow: NACE 2: Construction (EUR mn) 26.797 Dec 2022 quarterly Mar 2009 - Dec 2022
FDI: Flow: NACE 2: Services (EUR mn) 105.949 Sep 2022 quarterly Mar 2009 - Sep 2022
FDI: Flow: United States of America (EUR mn) 9.029 Dec 2022 quarterly Mar 2008 - Dec 2022
FDI: Flow: Austria (EUR mn) 22.824 Dec 2022 quarterly Mar 2008 - Dec 2022
FDI: Flow: Belgium (EUR mn) 15.411 Dec 2022 quarterly Mar 2008 - Dec 2022
FDI: Flow: Turkey (EUR mn) 33.912 Dec 2022 quarterly Mar 2008 - Dec 2022
FDI: Flow: United Kingdom (EUR mn) -30.524 Sep 2022 quarterly Mar 2008 - Sep 2022
No of Enterprises (Unit) 65,799.000 2020 yearly 2004 - 2020
No of Enterprises: Out of Business (Unit) 5,407.000 2019 yearly 2004 - 2019
No of Enterprises: New (Unit) 5,141.000 2020 yearly 2004 - 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.2 Sep 2022 quarterly Dec 2005 - Sep 2022
Household Debt: % of GDP (%) 27.0 Dec 2022 quarterly Mar 2003 - Dec 2022
Non-Performing Loans (USD mn) 215.286 Sep 2022 quarterly Dec 2005 - Sep 2022
Money Supply M1 (USD mn) 4,042.411 Jan 2023 monthly Jan 2003 - Jan 2023
Money Supply M2 (USD mn) 7,805.334 Jan 2023 monthly Jan 2003 - Jan 2023
M2 Growth (%) 5.4 Jan 2023 monthly Jan 2004 - Jan 2023
Reserve Requirement Ratio (%) 5.0 Dec 2022 monthly Jan 2004 - Dec 2022
Foreign Exchange Reserves (USD mn) 3,465.8 Feb 2023 monthly Dec 1993 - Feb 2023
Foreign Exchange Reserves: % of GDP (%) 27.299 Sep 2022 quarterly Dec 2000 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 4.0 Jan 2023 monthly Jan 2002 - Jan 2023
Gold Reserves (USD mn) 422.054 Jan 2023 monthly Dec 1992 - Jan 2023
Total Deposits (USD mn) 8,585.017 Jan 2023 monthly Jan 2003 - Jan 2023
Total Deposits Growth (%) 4.5 Jan 2023 monthly Jan 2004 - Jan 2023
Domestic Credit (USD mn) 8,514.8 Jan 2023 monthly Jan 2003 - Jan 2023
Domestic Credit Growth (%) 8.0 Jan 2023 monthly Jan 2004 - Jan 2023
Household Debt (USD mn) 3,801.6 Jan 2023 monthly Jan 2003 - Jan 2023
Total Loans (USD mn) 7,420.831 Jan 2023 monthly Jan 2003 - Jan 2023
Total Loans Growth (%) 8.53 Jan 2023 monthly Jan 2004 - Jan 2023
Private Debt: % of Nominal GDP (%) 52.70 Dec 2022 quarterly Mar 2009 - Dec 2022
Official Reserve Assets (EUR mn) 3,649.849 Feb 2023 monthly Jan 2005 - Feb 2023
Official Reserve Assets: Foreign Currency (EUR mn) 3,269.042 Feb 2023 monthly Jan 2005 - Feb 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022
Business Survey: Manufacturing (Mfg): Present Business Situation (%) 24.351 Dec 2022 monthly Apr 2001 - Dec 2022

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