North Macedonia External Debt: Short Term: % of GDP

2004 - 2024 | Yearly | % | National Bank of the Republic of North Macedonia

Key information about North Macedonia External Debt: Short Term: % of GDP

  • North Macedonia External Debt: Short Term accounted for 19.4 % of the country's Nominal GDP in 2024, compared with the ratio of 19.6 % in the previous year.
  • North Macedonia External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 2004 to 2024.
  • The data reached an all-time high of 22.7 % in 2022 and a record low of 13.3 % in 2006.




Related information about North Macedonia External Debt: Short Term: % of GDP

  • In the latest reports of North Macedonia, Current Account recorded a surplus of 37.6 USD mn in Sep 2025.
  • Foreign Direct Investment (FDI) increased by 68.0 USD mn in Sep 2025.
  • North Macedonia Direct Investment Abroad expanded by 62.4 USD mn in Sep 2025.
  • Its Foreign Portfolio Investment fell by 50.4 USD mn in Sep 2025.
  • North Macedonia External Debt: Short Term value stood at 3.6 USD bn in Dec 2024.
  • The country's Nominal GDP was reported at 4.6 USD bn in Jun 2025.

View North Macedonia's External Debt: Short Term: % of GDP from 2004 to 2024 in the chart:

North Macedonia External Debt: Short Term: % of GDP

What was North Macedonia's External Debt: Short Term: % of GDP in 2024?

North Macedonia External Debt: Short Term accounted for 19.4 % of the country's Nominal GDP in 2024, compared with the ratio of 19.6 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
19.4 2024 19.6 2023 13.3 2006 22.7 2022 % yearly 2004 - 2024

External Debt: Short Term: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 3.8 2024 yearly 1991 - 2024
Algeria (%) 0.7 2024 yearly 1977 - 2024
Argentina (%) 13.1 2024 yearly 2003 - 2024
Armenia (%) 14.3 2024 yearly 2000 - 2024
Australia (%) 25.4 2025 yearly 1988 - 2025
Austria (%) 45.4 2024 yearly 1997 - 2024
Azerbaijan (%) 0.3 2024 yearly 1993 - 2024
Bangladesh (%) 3.1 2025 yearly 2012 - 2025
Belarus (%) 13.1 Sep 2025 quarterly Dec 2000 - Sep 2025
Belgium (%) 101.4 2024 yearly 2007 - 2024
Bolivia (%) 0.0 2019 yearly 2000 - 2019
Bosnia and Herzegovina (%) 10.3 2024 yearly 1999 - 2024
Botswana (%) 0.8 2024 yearly 1994 - 2024
Brazil (%) 4.9 2025 yearly 1999 - 2025
Bulgaria (%) 9.7 2024 yearly 1999 - 2024
Canada (%) 54.7 2024 yearly 1990 - 2024
Chile (%) 7.1 2024 yearly 1971 - 2024
China (%) 7.2 2024 yearly 1985 - 2024
Colombia (%) 7.8 2024 yearly 1970 - 2024
Croatia (%) 20.7 2022 yearly 1999 - 2022
Cyprus (%) 165.4 2024 yearly 2008 - 2024
Czech Republic (%) 32.5 2024 yearly 1995 - 2024
Denmark (%) 66.5 2024 yearly 2005 - 2024
Ecuador (%) 0.9 2024 yearly 1970 - 2024
Egypt (%) 8.5 2025 yearly 1990 - 2025
Estonia (%) 29.1 2024 yearly 1996 - 2024
Finland (%) 72.2 2024 yearly 1991 - 2024
France (%) 109.8 2024 yearly 2004 - 2024
Georgia (%) 14.3 2024 yearly 2006 - 2024
Germany (%) 52.5 2024 yearly 2004 - 2024
Greece (%) 76.2 2024 yearly 2003 - 2024
Hong Kong SAR, China (%) 276.1 2024 yearly 2001 - 2024
Hungary (%) 14.0 2024 yearly 1995 - 2024
Iceland (%) 7.4 2025 yearly 1989 - 2025
India (%) 3.5 2025 yearly 1990 - 2025
Indonesia (%) 4.3 2025 yearly 2003 - 2025
Iran (%) 0.5 2025 yearly 1994 - 2025
Ireland (%) 219.5 2025 yearly 2002 - 2025
Israel (%) 9.0 2024 yearly 2000 - 2024
Italy (%) 40.3 2024 yearly 2002 - 2024
Ivory Coast (%) 4.9 2024 yearly 1970 - 2024
Japan (%) 78.4 2025 yearly 2003 - 2025
Jordan (%) 31.7 2024 yearly 2000 - 2024
Kazakhstan (%) 6.7 2024 yearly 1992 - 2024
Kenya (%) 1.7 2024 yearly 1996 - 2024
South Korea (%) 7.8 2024 yearly 1994 - 2024
Kosovo (%) 14.3 2024 yearly 2007 - 2024
Kyrgyzstan (%) 10.2 2024 yearly 2003 - 2024
Latvia (%) 40.4 2024 yearly 2000 - 2024
Lithuania (%) 38.5 2024 yearly 2004 - 2024
Luxembourg (%) 1,131.4 2024 yearly 2002 - 2024
North Macedonia (%) 19.4 2024 yearly 2004 - 2024
Malawi (%) 0.6 2019 yearly 2002 - 2019
Malaysia (%) 29.4 2025 yearly 2009 - 2025
Malta (%) 164.9 2024 yearly 2004 - 2024
Mauritius (%) 75.9 2024 yearly 2009 - 2024
Mexico (%) 3.4 2024 yearly 2002 - 2024
Moldova (%) 13.8 2024 yearly 2000 - 2024
Mongolia (%) 8.6 2024 yearly 1992 - 2024
Montenegro (%) 2.8 2024 yearly 2007 - 2024
Morocco (%) 7.8 2022 yearly 1970 - 2022
Mozambique (%) 5.3 2024 yearly 1984 - 2024
Myanmar (%) 0.1 2023 yearly 2018 - 2023
Netherlands (%) 142.8 2024 yearly 2003 - 2024
New Zealand (%) 33.5 2024 yearly 2000 - 2024
Nigeria (%) 0.2 2022 yearly 2008 - 2022
Norway (%) 54.4 2025 yearly 2012 - 2025
Pakistan (%) 0.8 2025 yearly 2006 - 2025
Palestinian Territory (%) 4.6 2024 yearly 2012 - 2024
Panama (%) 59.9 2021 yearly 1970 - 2021
Paraguay (%) 11.6 2021 yearly 2002 - 2021
Peru (%) 2.0 2025 yearly 1980 - 2025
Philippines (%) 4.5 2024 yearly 2005 - 2024
Poland (%) 9.2 2024 yearly 2004 - 2024
Portugal (%) 59.3 2024 yearly 1996 - 2024
Romania (%) 13.3 2024 yearly 2004 - 2024
Russia (%) 5.4 2024 yearly 2001 - 2024
Serbia (%) 1.2 2024 yearly 2000 - 2024
Singapore (%) 244.6 2024 yearly 2003 - 2024
Slovakia (%) 43.1 2024 yearly 2006 - 2024
Slovenia (%) 33.5 2025 yearly 1995 - 2025
South Africa (%) 9.2 2024 yearly 1994 - 2024
Spain (%) 60.9 2024 yearly 2000 - 2024
Sri Lanka (%) 11.5 2022 yearly 1998 - 2022
Sudan (%) 15.7 2021 yearly 1970 - 2021
Sweden (%) 51.2 2025 yearly 1997 - 2025
Switzerland (%) 118.2 2024 yearly 1999 - 2024
Taiwan, China (%) 24.1 2025 yearly 1999 - 2025
Tajikistan (%) 6.1 2024 yearly 1993 - 2024
Thailand (%) 16.3 2024 yearly 1980 - 2024
Tunisia (%) 32.9 2024 yearly 2002 - 2024
Turkey (%) 13.3 2024 yearly 1995 - 2024
Ukraine (%) 5.4 2023 yearly 2009 - 2023
United Kingdom (%) 188.6 2024 yearly 1979 - 2024
United States (%) 29.7 2024 yearly 2003 - 2024
Uruguay (%) 10.4 2024 yearly 1999 - 2024
Venezuela (%) 0.2 2017 yearly 1997 - 2017
Vietnam (%) 7.8 2024 yearly 1985 - 2024
Yemen (%) 1.8 2017 yearly 1991 - 2017

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North Macedonia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.6 2024 yearly 1993 - 2024
Consolidated Fiscal Balance (USD mn) -764.028 2024 yearly 2009 - 2024
Tax Revenue (USD mn) 359.552 Dec 2025 monthly Jan 2004 - Dec 2025
Tax Revenue: % of GDP (%) 17.9 Dec 2025 quarterly Mar 2004 - Dec 2025
National Government Debt (USD mn) 10,272.3 Dec 2025 quarterly Dec 2009 - Dec 2025
Government Debt: % of GDP (%) 51.8 Dec 2025 quarterly Dec 2009 - Dec 2025
Forecast: Government Expenditure (MKD bn) 502.991 2030 yearly 1997 - 2030
Forecast: Government Net Debt (MKD bn) 752.318 2030 yearly 1999 - 2030
Forecast: Government Revenue (MKD bn) 468.709 2030 yearly 1997 - 2030
Central Government Budget: Financing (MKD mn) -2,413.000 Oct 2025 monthly Jan 2004 - Oct 2025
Central Government Budget: Expenditure: Current (MKD mn) 29,064.000 Nov 2025 monthly Jan 2004 - Nov 2025
Central Government Budget: Expenditure: Capital (MKD mn) 2,458.000 Nov 2025 monthly Jan 2004 - Nov 2025
Central Government Budget Balance (MKD mn) -4,908.000 Nov 2025 monthly Jan 2004 - Nov 2025
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 9,728.000 Oct 2025 monthly Jan 2004 - Oct 2025
Central Government Budget: Expenditure (MKD mn) 28,344.000 Oct 2025 monthly Jan 2004 - Oct 2025
Central Government Budget: Revenue (MKD mn) 26,614.000 Nov 2025 monthly Jan 2004 - Nov 2025
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 2,376.000 Nov 2025 monthly Jan 2004 - Nov 2025
Public Debt: Domestic (EUR mn) 3,800.301 2024 yearly 1999 - 2024
Public Debt: External (EUR mn) 5,825.057 2024 yearly 1999 - 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.913 2028 yearly 1993 - 2028
Trade Balance (USD mn) -309.0 Jan 2026 monthly Dec 1993 - Jan 2026
Total Exports (USD mn) 622.1 Jan 2026 monthly Jan 2002 - Jan 2026
Total Exports Growth (%) 10.3 Sep 2025 monthly Jan 2003 - Sep 2025
Aluminum: Exports (USD th) 2,950.942 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 173,759.623 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 2,463.067 2024 yearly 1995 - 2024
Total Imports (USD mn) 931.1 Jan 2026 monthly Jan 2002 - Jan 2026
Total Imports Growth (%) 5.9 Jan 2026 monthly Jan 2003 - Jan 2026
Imports: Medicament (USD th) 226,116.306 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 80,622.846 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 4.106 Jan 2026 monthly Jan 1999 - Jan 2026
Total Imports from USA (USD mn) 12.448 Jan 2026 monthly Jan 1993 - Jan 2026
Total Exports to China (USD mn) 3.093 Jan 2026 monthly Jan 1999 - Jan 2026
Total Imports from China (USD mn) 88.061 Jan 2026 monthly Aug 1996 - Jan 2026
Exports: Kosovo (USD th) 18,752.914 Jan 2026 monthly Jan 2013 - Jan 2026
Exports: Germany (USD th) 253,109.477 Jan 2026 monthly Jan 2013 - Jan 2026
Exports: Czech Republic (USD th) 23,199.934 Jan 2026 monthly Jan 2013 - Jan 2026
Exports: China (USD th) 3,092.572 Jan 2026 monthly Jan 2013 - Jan 2026
Exports: Bulgaria (USD th) 35,118.756 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: USA (USD th) 12,447.778 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: Greece (USD th) 84,394.702 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: Great Britain (USD th) 205,867.500 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: Germany (USD th) 76,339.414 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: China (USD th) 88,060.729 Jan 2026 monthly Jan 2013 - Jan 2026
Import Value Index (2015=100) 177.142 2021 yearly 1995 - 2021
Export Value Index (2015=100) 180.473 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 62.4 Sep 2025 monthly Jan 2001 - Sep 2025
Current Account Balance (USD mn) 37.6 Sep 2025 monthly Jan 2001 - Sep 2025
Current Account Balance: % of GDP (%) -5.6 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Direct Investment (USD mn) 68.0 Sep 2025 monthly Jan 2001 - Sep 2025
Foreign Direct Investment: % of GDP (%) 0.5 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Portfolio Investment (USD mn) 22.461 Dec 2025 quarterly Mar 1998 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 0.4 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.2 Dec 2025 quarterly Mar 1996 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 22.286 Dec 2025 quarterly Mar 1998 - Dec 2025
External Debt (USD mn) 14,242.0 Sep 2025 quarterly Dec 2005 - Sep 2025
External Debt: % of GDP (%) 78.0 2024 yearly 2004 - 2024
External Debt: Short Term (USD mn) 3,667.5 Sep 2025 quarterly Dec 2005 - Sep 2025
External Debt: Short Term: % of GDP (%) 19.4 2024 yearly 2004 - 2024
Total Debt: % of GDP (%) 335.0 2023 yearly 2013 - 2023
Forecast: Current Account Balance (USD bn) -0.648 2030 yearly 1992 - 2030
Net International Investment Position (USD mn) -10,243.560 Sep 2025 quarterly Dec 2006 - Sep 2025
BoP: CA: GS: Services (USD mn) 83.792 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Net Errors & Omissions (USD mn) -2.908 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Portfolio Investment (PI) (USD mn) 105.854 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: Capital Account: Debit (USD mn) 0.176 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Direct Investment (DI) (USD mn) -5.595 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Services: Debit (USD mn) 235.032 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Primary Income (PI) (USD mn) -76.758 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: Credit (USD mn) 1,320.558 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: GS: Goods: Debit (USD mn) 1,077.955 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: Other Investment (OI) (USD mn) 102.630 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Capital Account (USD mn) -0.127 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Reserve Assets (USD mn) -120.323 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 68.032 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Goods: Credit (USD mn) 641.390 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -65.253 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: PI: Debit (USD mn) 102.693 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -7.355 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Debit (USD mn) 1,358.268 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Capital Account: Credit (USD mn) 0.048 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Secondary Income (SI) (USD mn) 306.939 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Financial Account (FA) (USD mn) -153.901 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: GS: Goods (USD mn) -273.325 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: SI: Credit (USD mn) 331.474 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 270.039 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 34.832 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 62.437 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Services: Credit (USD mn) 318.824 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: PI: Credit (USD mn) 27.936 Dec 2025 monthly Jan 2001 - Dec 2025
Balance of Payments (BoP): Current Account (CA) (USD mn) -178.446 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: SI: Debit (USD mn) 24.535 Sep 2025 monthly Jan 2001 - Sep 2025
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.000 Sep 2025 quarterly Mar 2006 - Sep 2025
Gross External Debt: GG: Long Term (LT) (EUR mn) 4,057.980 Sep 2025 quarterly Mar 2006 - Sep 2025
Gross External Debt: MI: Private (EUR mn) 6,620.287 Sep 2025 quarterly Mar 2006 - Sep 2025
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 5,528.487 Sep 2025 quarterly Mar 2006 - Sep 2025
FDI: Flow: United States of America (EUR mn) 6.594 Dec 2025 quarterly Mar 2008 - Dec 2025
FDI: Flow: Austria (EUR mn) -17.989 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: Belgium (EUR mn) -2.770 Dec 2025 quarterly Mar 2008 - Dec 2025
FDI: Flow: Turkey (EUR mn) 23.857 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: United Kingdom (EUR mn) -13.903 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 6.334 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) -3.361 Dec 2025 quarterly Mar 2009 - Dec 2025
FDI: Flow: NACE 2: Manufacturing (EUR mn) -45.634 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Construction (EUR mn) 23.826 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Services (EUR mn) -25.282 Sep 2025 quarterly Mar 2009 - Sep 2025
Foreign Direct Investment (FDI): Flow (USD mn) 21.374 Sep 2025 monthly Jan 2007 - Sep 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.2 Sep 2025 quarterly Dec 2005 - Sep 2025
Household Debt: % of GDP (%) 26.6 Dec 2025 quarterly Mar 2003 - Dec 2025
Non-Performing Loans (USD mn) 233.627 Sep 2025 quarterly Dec 2005 - Sep 2025
Money Supply M1 (USD mn) 6,360.078 Jan 2026 monthly Jan 2003 - Jan 2026
Money Supply M2 (USD mn) 10,952.308 Jan 2026 monthly Jan 2003 - Jan 2026
M2 Growth (%) 11.6 Jan 2026 monthly Jan 2004 - Jan 2026
Reserve Requirement Ratio (%) 9.0 Dec 2025 monthly Jan 2004 - Dec 2025
Foreign Exchange Reserves (USD mn) 5,421.8 Feb 2026 monthly Dec 1993 - Feb 2026
Foreign Exchange Reserves: % of GDP (%) 24.328 Dec 2025 quarterly Dec 2000 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 5.9 Jan 2026 monthly Jan 2002 - Jan 2026
Gold Reserves (USD mn) 954.743 Dec 2025 monthly Dec 1992 - Dec 2025
Total Deposits (USD mn) 12,702.757 Jan 2026 monthly Jan 2003 - Jan 2026
Total Deposits Growth (%) 10.5 Jan 2026 monthly Jan 2004 - Jan 2026
Domestic Credit (USD mn) 12,194.5 Jan 2026 monthly Jan 2003 - Jan 2026
Domestic Credit Growth (%) 12.8 Jan 2026 monthly Jan 2004 - Jan 2026
Household Debt (USD mn) 5,396.7 Jan 2026 monthly Jan 2003 - Jan 2026
Total Loans (USD mn) 10,885.866 Jan 2026 monthly Jan 2003 - Jan 2026
Total Loans Growth (%) 13.57 Jan 2026 monthly Jan 2004 - Jan 2026
Private Debt: % of Nominal GDP (%) 52.65 Dec 2025 quarterly Mar 2003 - Dec 2025
Official Reserve Assets (EUR mn) 5,558.019 Feb 2026 monthly Jan 2005 - Feb 2026
Official Reserve Assets: Foreign Currency (EUR mn) 4,586.206 Feb 2026 monthly Jan 2005 - Feb 2026
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022

More Indicators for North Macedonia

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