North Macedonia External Debt: % of GDP

2004 - 2022 | Yearly | % | National Bank of the Republic of North Macedonia

Key information about North Macedonia External Debt: % of GDP

  • North Macedonia External Debt accounted for 83.7 % of the country's Nominal GDP in 2022, compared with the ratio of 81.9 % in the previous year.
  • North Macedonia External Debt: % of Nominal GDP data is updated yearly, available from Dec 2004 to Dec 2022.
  • The data reached an all-time high of 83.7 % in Dec 2022 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 surplus of 108.9 USD mn in Mar 2023.
  • Foreign Direct Investment (FDI) increased by 66.3 USD mn in Jun 2023.
  • North Macedonia Direct Investment Abroad expanded by 64.6 USD mn in Jun 2023.
  • Its Foreign Portfolio Investment fell by 9.3 USD mn in Jun 2023.
  • The country's External Debt reached 12,466.4 in Jun 2023.
  • The country's Nominal GDP was reported at 3.5 USD bn in Mar 2023.

View North Macedonia's External Debt: % of GDP from 2004 to 2022 in the chart:

North Macedonia External Debt: % of GDP

What was North Macedonia's External Debt: % of GDP in 2022?

North Macedonia External Debt accounted for 83.7 % of the country's Nominal GDP in 2022, compared with the ratio of 81.9 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
83.7 2022 81.9 2021 45.4 2004 83.7 2022 % yearly 2004 - 2022

External Debt: % of GDP by Country Comparison

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Includes External Debt: % of GDP on 109 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 54.1 2022 yearly 1991 - 2022
Algeria (%) 1.8 2022 yearly 1970 - 2022
Argentina (%) 44.9 2022 yearly 1994 - 2022
Armenia (%) 78.2 2022 yearly 2000 - 2022
Australia (%) 109.4 2023 yearly 1988 - 2023
Austria (%) 131.7 2022 yearly 1997 - 2022
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 49.6 Sep 2023 quarterly Dec 2000 - Sep 2023
Belgium (%) 237.9 2022 yearly 2007 - 2022
Bolivia (%) 35.3 2022 yearly 2006 - 2022
Bosnia and Herzegovina (%) 20.8 2022 yearly 1999 - 2022
Botswana (%) 7.3 2023 yearly 1995 - 2023
Brazil (%) 27.9 2023 yearly 1992 - 2023
Bulgaria (%) 48.0 2023 yearly 1999 - 2023
Cambodia (%) 75.6 2022 yearly 2010 - 2022
Canada (%) 134.9 2022 yearly 1990 - 2022
Chile (%) 77.4 2022 yearly 1971 - 2022
China (%) 13.7 2022 yearly 1985 - 2022
Colombia (%) 53.1 2022 yearly 1970 - 2022
Croatia (%) 75.0 2022 yearly 1998 - 2022
Cyprus (%) 609.6 2022 yearly 2004 - 2022
Czech Republic (%) 65.6 2022 yearly 1995 - 2022
Denmark (%) 124.1 2022 yearly 2005 - 2022
Ecuador (%) 51.6 2022 yearly 1970 - 2022
Egypt (%) 40.3 Jun 2023 quarterly Jun 1999 - Jun 2023
Estonia (%) 84.7 2022 yearly 1996 - 2022
European Union (%) 117.4 2022 yearly 2008 - 2022
Finland (%) 215.4 2022 yearly 1991 - 2022
France (%) 245.8 2022 yearly 2004 - 2022
Georgia (%) 94.2 2022 yearly 1999 - 2022
Germany (%) 155.8 2022 yearly 1999 - 2022
Ghana (%) 39.3 2022 yearly 1999 - 2022
Greece (%) 263.2 2022 yearly 2003 - 2022
Hong Kong SAR, China (%) 494.6 2022 yearly 2001 - 2022
Hungary (%) 152.6 2022 yearly 2006 - 2022
Iceland (%) 71.6 2023 yearly 1989 - 2023
India (%) 18.9 2023 yearly 1970 - 2023
Indonesia (%) 29.7 2023 yearly 2003 - 2023
Iran (%) 0.3 2023 yearly 1994 - 2023
Ireland (%) 563.9 2023 yearly 2002 - 2023
Israel (%) 29.1 2022 yearly 1998 - 2022
Italy (%) 129.0 2022 yearly 2002 - 2022
Ivory Coast (%) 31.4 2021 yearly 1994 - 2021
Japan (%) 104.6 2022 yearly 2003 - 2022
Jordan (%) 80.0 2022 yearly 1970 - 2022
Kazakhstan (%) 64.8 Sep 2023 quarterly Mar 2002 - Sep 2023
Kenya (%) 35.0 2022 yearly 2006 - 2022
South Korea (%) 38.8 2023 yearly 1994 - 2023
Kosovo (%) 38.4 2022 yearly 2007 - 2022
Kuwait (%) 35.3 2022 yearly 2014 - 2022
Kyrgyzstan (%) 84.4 2022 yearly 2003 - 2022
Laos (%) 68.0 2022 yearly 1996 - 2022
Latvia (%) 98.8 Jun 2023 quarterly Mar 2000 - Jun 2023
Lebanon (%) 53.0 2020 yearly 2007 - 2020
Lithuania (%) 67.6 2022 yearly 1996 - 2022
Luxembourg (%) 4,521.9 2022 yearly 2002 - 2022
North Macedonia (%) 83.7 2022 yearly 2004 - 2022
Malawi (%) 60.1 2021 yearly 2006 - 2021
Malaysia (%) 68.2 2023 yearly 2009 - 2023
Malta (%) 971.6 2022 yearly 2004 - 2022
Mauritius (%) 1,432.7 2022 yearly 2009 - 2022
Mexico (%) 39.7 2022 yearly 2002 - 2022
Moldova (%) 65.2 2022 yearly 2000 - 2022
Mongolia (%) 174.0 2023 yearly 1992 - 2023
Montenegro (%) 141.5 2022 yearly 2006 - 2022
Morocco (%) 50.9 2022 yearly 1970 - 2022
Mozambique (%) 71.7 2020 yearly 1985 - 2020
Myanmar (%) 16.7 2020 yearly 2018 - 2020
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 374.5 2022 yearly 2003 - 2022
New Zealand (%) 85.0 2022 yearly 1993 - 2022
Nigeria (%) 8.9 2022 yearly 1985 - 2022
Norway (%) 133.0 2022 yearly 2003 - 2022
Pakistan (%) 37.2 2023 yearly 2000 - 2023
Palestinian Territory (%) 11.4 2022 yearly 2012 - 2022
Panama (%) 167.4 2021 yearly 2014 - 2021
Paraguay (%) 54.2 2022 yearly 2000 - 2022
Peru (%) 41.8 2022 yearly 1980 - 2022
Philippines (%) 27.5 2022 yearly 1990 - 2022
Poland (%) 53.0 2022 yearly 1995 - 2022
Portugal (%) 166.0 2022 yearly 1996 - 2022
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 50.6 2022 yearly 1995 - 2022
Russia (%) 16.3 2023 yearly 1993 - 2023
Serbia (%) 69.4 2022 yearly 2000 - 2022
Singapore (%) 361.1 2022 yearly 2003 - 2022
Slovakia (%) 103.1 2022 yearly 1995 - 2022
Slovenia (%) 90.9 2022 yearly 2001 - 2022
South Africa (%) 40.5 2022 yearly 1985 - 2022
Spain (%) 193.4 2021 yearly 1995 - 2021
Sri Lanka (%) 74.7 2022 yearly 1998 - 2022
Sudan (%) 202.2 2021 yearly 2001 - 2021
Sweden (%) 166.4 2023 yearly 1997 - 2023
Switzerland (%) 272.8 2022 yearly 1999 - 2022
Taiwan (%) 27.3 2023 yearly 1999 - 2023
Tajikistan (%) 37.7 2021 yearly 2000 - 2021
Thailand (%) 37.5 Sep 2023 quarterly Mar 2005 - Sep 2023
Tunisia (%) 92.1 2022 yearly 2002 - 2022
Turkey (%) 51.3 2022 yearly 1989 - 2022

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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) -604.501 2022 yearly 2009 - 2022
Tax Revenue (USD mn) 221.303 Jan 2024 monthly Jan 2004 - Jan 2024
Tax Revenue: % of GDP (%) 17.9 Jun 2023 quarterly Mar 2004 - Jun 2023
National Government Debt (USD mn) 8,026.8 Dec 2023 quarterly Dec 2009 - Dec 2023
Government Debt: % of GDP (%) 51.6 Sep 2023 quarterly Dec 2009 - Sep 2023
Forecast: Government Expenditure (MKD bn) 419.692 2028 yearly 1997 - 2028
Forecast: Government Net Debt (MKD bn) 613.520 2028 yearly 1999 - 2028
Forecast: Government Revenue (MKD bn) 387.138 2028 yearly 1997 - 2028
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 2,313.000 Jan 2024 monthly Jan 2004 - Jan 2024
Central Government Budget: Expenditure: Capital (MKD mn) 1,067.000 Jan 2024 monthly Jan 2004 - Jan 2024
Central Government Budget: Revenue (MKD mn) 21,467.000 Jan 2024 monthly Jan 2004 - Jan 2024
Central Government Budget Balance (MKD mn) -2,802.000 Jan 2024 monthly Jan 2004 - Jan 2024
Central Government Budget: Expenditure: Current (MKD mn) 23,202.000 Jan 2024 monthly Jan 2004 - Jan 2024
Central Government Budget: Expenditure (MKD mn) 24,269.000 Jan 2024 monthly Jan 2004 - Jan 2024
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 6,038.000 Jan 2024 monthly Jan 2004 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.913 2028 yearly 1993 - 2028
Trade Balance (USD mn) -328.5 Dec 2023 monthly Dec 1993 - Dec 2023
Total Exports (USD mn) 775.2 Nov 2023 monthly Jan 2002 - Nov 2023
Total Exports Growth (%) 7.9 May 2023 monthly Jan 2003 - May 2023
Aluminum: Exports (USD th) 4,145.201 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 116,895.471 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 1,535.774 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,046.5 Dec 2023 monthly Jan 2002 - Dec 2023
Total Imports Growth (%) -2.4 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Medicament (USD th) 180,102.231 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 56,059.479 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 7.732 Jan 2024 monthly Jan 1999 - Jan 2024
Total Imports from USA (USD mn) 11.713 Jan 2024 monthly Jan 1993 - Jan 2024
Total Exports to China (USD mn) 3.165 Jan 2024 monthly Jan 1999 - Jan 2024
Total Imports from China (USD mn) 62.152 Jan 2024 monthly Aug 1996 - Jan 2024
Exports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 343,291.583 Nov 2023 monthly Jan 2003 - Nov 2023
Exports: ytd: SITC: Manufactured Goods (USD th) 695,488.589 Aug 2023 monthly Jan 2003 - Aug 2023
Exports: ytd: SITC: Beverages and Tobacco (USD th) 225,493.609 Nov 2023 monthly Jan 2003 - Nov 2023
Exports: ytd: SITC: Food Products (USD th) 334,240.323 Aug 2023 monthly Jan 2003 - Aug 2023
Exports: ytd: SITC: Miscellaneous Manufactured Articles (USD th) 1,055,675.218 Dec 2023 monthly Jan 2003 - Dec 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -300.2 Dec 2023 monthly Jan 2001 - Dec 2023
Current Account Balance (USD mn) 108.9 Mar 2023 monthly Jan 2001 - Mar 2023
Current Account Balance: % of GDP (%) -3.0 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Direct Investment (USD mn) -187.1 Dec 2023 monthly Jan 2001 - Dec 2023
Foreign Direct Investment: % of GDP (%) -4.9 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Portfolio Investment (USD mn) 25.072 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.3 Jun 2023 quarterly Mar 2000 - Jun 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -0.8 Jun 2023 quarterly Mar 1996 - Jun 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -8.511 Jun 2023 quarterly Mar 1998 - Jun 2023
External Debt (USD mn) 11,729.8 Sep 2023 quarterly Dec 2005 - Sep 2023
External Debt: % of GDP (%) 83.7 2022 yearly 2004 - 2022
External Debt: Short Term (USD mn) 3,213.6 Sep 2023 quarterly Dec 2005 - Sep 2023
External Debt: Short Term: % of GDP (%) 23.6 2022 yearly 2004 - 2022
Total Debt: % of GDP (%) 347.1 2022 yearly 2013 - 2022
Forecast: Current Account Balance (USD bn) -0.627 2028 yearly 1992 - 2028
Net International Investment Position (USD mn) -8,812.231 Sep 2023 quarterly Dec 2006 - Sep 2023
BoP: CA: Primary Income (PI) (USD mn) -68.684 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: SI: Debit (USD mn) 13.992 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Services (USD mn) 9.907 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: SI: Credit (USD mn) 264.135 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: Credit (USD mn) 1,171.981 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -130.976 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 14.175 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Net Errors & Omissions (USD mn) 22.099 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 37.147 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: Debit (USD mn) 1,299.652 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Reserve Assets (USD mn) 618.114 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: PI: Debit (USD mn) 93.163 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) -300.194 Dec 2023 monthly Jan 2001 - Dec 2023
Balance of Payments (BoP): Current Account (CA) (USD mn) -127.671 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Capital Account (USD mn) -0.584 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Capital Account: Credit (USD mn) 0.048 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: Secondary Income (SI) (USD mn) 250.143 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Portfolio Investment (PI) (USD mn) 22.972 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: PI: Credit (USD mn) 24.479 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Services: Credit (USD mn) 261.662 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Financial Account (FA) (USD mn) -106.155 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Direct Investment (DI) (USD mn) -113.085 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Other Investment (OI) (USD mn) -634.156 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Goods (USD mn) -319.037 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Services: Debit (USD mn) 251.755 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Goods: Debit (USD mn) 940.743 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Capital Account: Debit (USD mn) 0.631 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) -187.109 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 503.179 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Goods: Credit (USD mn) 621.706 Dec 2023 monthly Jan 2001 - Dec 2023
Gross External Debt: GG: Long Term (LT) (EUR mn) 3,497.510 Sep 2023 quarterly Mar 2006 - Sep 2023
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.179 Sep 2023 quarterly Mar 2006 - Sep 2023
Gross External Debt: MI: Private (EUR mn) 5,833.965 Sep 2023 quarterly Mar 2006 - Sep 2023
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 5,238.126 Sep 2023 quarterly Mar 2006 - Sep 2023
Foreign Direct Investment (FDI): Flow (USD mn) 122.753 Dec 2023 monthly Jan 2007 - Dec 2023
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 8.830 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) 21.134 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: NACE 2: Manufacturing (EUR mn) 277.122 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: NACE 2: Construction (EUR mn) -18.940 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: NACE 2: Services (EUR mn) 46.583 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: United States of America (EUR mn) 5.529 Dec 2023 quarterly Mar 2008 - Dec 2023
FDI: Flow: Austria (EUR mn) 47.266 Dec 2023 quarterly Mar 2008 - Dec 2023
FDI: Flow: Belgium (EUR mn) -3.933 Dec 2023 quarterly Mar 2008 - Dec 2023
FDI: Flow: Turkey (EUR mn) 36.655 Dec 2023 quarterly Mar 2008 - Dec 2023
FDI: Flow: United Kingdom (EUR mn) 228.422 Dec 2023 quarterly Mar 2008 - Dec 2023
No of Enterprises: Out of Business (Unit) 5,382.000 2020 yearly 2004 - 2020
No of Enterprises (Unit) 65,780.000 2021 yearly 2004 - 2021
No of Enterprises: New (Unit) 5,960.000 2021 yearly 2004 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.7 Sep 2023 quarterly Dec 2005 - Sep 2023
Household Debt: % of GDP (%) 26.5 Jun 2023 quarterly Mar 2003 - Jun 2023
Non-Performing Loans (USD mn) 209.282 Sep 2023 quarterly Dec 2005 - Sep 2023
Money Supply M1 (USD mn) 4,457.906 Jan 2024 monthly Jan 2003 - Jan 2024
Money Supply M2 (USD mn) 8,271.355 Jan 2024 monthly Jan 2003 - Jan 2024
M2 Growth (%) 7.1 Jan 2024 monthly Jan 2004 - Jan 2024
Reserve Requirement Ratio (%) 5.0 Feb 2024 monthly Jan 2004 - Feb 2024
Foreign Exchange Reserves (USD mn) 4,249.6 Jan 2024 monthly Dec 1993 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 30.203 Dec 2023 quarterly Dec 2000 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 4.9 Jan 2024 monthly Jan 2002 - Jan 2024
Gold Reserves (USD mn) 451.633 Jan 2024 monthly Dec 1992 - Jan 2024
Total Deposits (USD mn) 9,344.597 Jan 2024 monthly Jan 2003 - Jan 2024
Total Deposits Growth (%) 10.0 Jan 2024 monthly Jan 2004 - Jan 2024
Domestic Credit (USD mn) 8,872.1 Jan 2024 monthly Jan 2003 - Jan 2024
Domestic Credit Growth (%) 5.3 Jan 2024 monthly Jan 2004 - Jan 2024
Household Debt (USD mn) 4,022.9 Jan 2024 monthly Jan 2003 - Jan 2024
Total Loans (USD mn) 7,764.450 Jan 2024 monthly Jan 2003 - Jan 2024
Total Loans Growth (%) 5.71 Jan 2024 monthly Jan 2004 - Jan 2024
Private Debt: % of Nominal GDP (%) 51.20 Jun 2023 quarterly Mar 2009 - Jun 2023
Official Reserve Assets (EUR mn) 4,337.341 Jan 2024 monthly Jan 2005 - Jan 2024
Official Reserve Assets: Foreign Currency (EUR mn) 3,914.915 Jan 2024 monthly Jan 2005 - Jan 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022

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