North Macedonia Forecast: Government Net Debt

1999 - 2030 | Yearly | MKD bn | International Monetary Fund

Key information about North Macedonia Forecast: Government Net Debt

  • North Macedonia Government Net Debt is forecasted to be 589.947 MKD bn in Dec 2026 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 541.096 MKD bn in Dec 2025.
  • Looking ahead, North Macedonia Government Net Debt is projected to stand at 752.318 MKD bn in Dec 2030.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: General Government Gross Debt.

View North Macedonia's Forecast: Government Net Debt from 1999 to 2030 in the chart:

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North Macedonia Forecast: Government Net Debt
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North Macedonia Forecast: Government Net Debt

What is North Macedonia's Forecast: Government Net Debt in 2030?

North Macedonia Government Net Debt is forecasted to be 589.947 MKD bn in Dec 2026 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
752.318 2030 718.072 2029 66.955 1999 752.318 2030 MKD bn yearly 1999 - 2030

Forecast: Government Net Debt by Country Comparison

country/region Last Frequency Range
Afghanistan (AFA bn) 0.000 yearly -
Albania (ALL bn) 1,725.207 2030 yearly 1997 - 2030
Algeria (DZD bn) 43,667.554 2030 yearly 1991 - 2030
Angola (AOA bn) 167,346.915 2030 yearly 2000 - 2030
Antigua and Barbuda (XCD bn) 4.615 2030 yearly 1990 - 2030
Argentina (ARS bn) 935,916.833 2030 yearly 1992 - 2030
Armenia (AMD bn) 8,541.739 2030 yearly 1996 - 2030
Australia (AUD bn) 1,762.752 2030 yearly 1989 - 2030
Austria (EUR bn) 497.923 2030 yearly 1988 - 2030
Azerbaijan (AZN bn) 42.755 2030 yearly 1995 - 2030
Bahamas (BSD bn) 12.498 2030 yearly 1990 - 2030
Bahrain (BHD bn) 35.123 2030 yearly 1990 - 2030
Bangladesh (BDT bn) 45,123.978 2030 yearly 2003 - 2030
Barbados (BBD bn) 14.794 2031 yearly 1995 - 2031
Belarus (BYN bn) 118.680 2030 yearly 2004 - 2030
Belgium (EUR bn) 897.919 2030 yearly 1980 - 2030
Belize (BZD bn) 4.122 2023 yearly 2001 - 2023
Benin (XOF bn) 9,974.403 2030 yearly 1998 - 2030
Bhutan (BTN bn) 635.512 2030 yearly 1993 - 2030
Bolivia (BOB bn) 366.957 2025 yearly 2000 - 2025
Bosnia and Herzegovina (BAM bn) 26.318 2030 yearly 1998 - 2030
Botswana (BWP bn) 234.248 2031 yearly 1999 - 2031
Brazil (BRL bn) 16,694.343 2030 yearly 2000 - 2030
Brunei (BND bn) 0.473 2030 yearly 1980 - 2030
Bulgaria (BGN bn) 107.741 2030 yearly 1998 - 2030
Burkina Faso (XOF bn) 11,292.864 2030 yearly 2002 - 2030
Burundi (BIF bn) 25,121.622 2030 yearly 2000 - 2030
Cambodia (KHR bn) 94,341.647 2030 yearly 1996 - 2030
Cameroon (XAF bn) 15,852.168 2030 yearly 1998 - 2030
Canada (CAD bn) 3,127.329 2028 yearly 1980 - 2028
Cape Verde (CVE bn) 337.752 2030 yearly 1997 - 2030
Central African Republic (XAF bn) 1,112.672 2030 yearly 1997 - 2030
Chad (XAF bn) 4,950.698 2030 yearly 1999 - 2030
Chile (CLP bn) 192,541.650 2030 yearly 1991 - 2030
China (RMB bn) 211,993.169 2030 yearly 1995 - 2030
Colombia (COP bn) 1,480,955.112 2030 yearly 1996 - 2030
Comoros (KMF bn) 333.776 2030 yearly 1984 - 2030
Congo (XAF bn) 7,218.097 2030 yearly 1989 - 2030
Costa Rica (CRC bn) 41,201.425 2030 yearly 1996 - 2030
Croatia (EUR bn) 69.452 2030 yearly 1998 - 2030
Cyprus (EUR bn) 17.243 2030 yearly 1995 - 2030
Czech Republic (CZK bn) 5,383.030 2030 yearly 1995 - 2030
Democratic Republic of Congo (CDF bn) 27,191.514 2030 yearly 2000 - 2030
Denmark (DKK bn) 1,109.412 2030 yearly 1992 - 2030
Djibouti (DJF bn) 201.683 2030 yearly 2009 - 2030
Dominica (XCD bn) 1.331 2025 yearly 1990 - 2025
Dominican Republic (DOP bn) 6,419.293 2030 yearly 1997 - 2030
Ecuador (USD bn) 67.019 2024 yearly 2001 - 2024
Egypt (EGP bn) 23,665.937 2030 yearly 1998 - 2030
El Salvador (SVC bn) 36.762 2030 yearly 1991 - 2030
Equatorial Guinea (XAF bn) 4,236.666 2030 yearly 1980 - 2030
Eritrea (ERN bn) 77.796 2019 yearly 2000 - 2019
Estonia (EUR bn) 18.697 2030 yearly 1995 - 2030
Swaziland (SZL bn) 54.798 2031 yearly 1994 - 2031
Ethiopia (ETB bn) 3,383.557 2025 yearly 1992 - 2025
Fiji (FJD bn) 14.554 2030 yearly 1992 - 2030
Finland (EUR bn) 309.778 2030 yearly 1980 - 2030
France (EUR bn) 3,784.636 2028 yearly 1980 - 2028
Gabon (XAF bn) 15,716.270 2030 yearly 1990 - 2030
Gambia (GMD bn) 140.794 2030 yearly 2000 - 2030
Georgia (GEL bn) 55.277 2030 yearly 2000 - 2030
Germany (EUR bn) 3,815.153 2030 yearly 1991 - 2030
Ghana (GHS bn) 1,249.811 2030 yearly 1990 - 2030
Greece (EUR bn) 394.346 2030 yearly 1980 - 2030
Grenada (XCD bn) 3.368 2030 yearly 1991 - 2030
Guatemala (GTQ bn) 413.006 2030 yearly 2000 - 2030
Guinea (GNF bn) 104,511.201 2030 yearly 1990 - 2030
Guinea-Bissau (GWP bn) 1,376.391 2030 yearly 1997 - 2030
Guyana (GYD bn) 2,197.023 2030 yearly 1997 - 2030
Haiti (HTG bn) 951.892 2030 yearly 1997 - 2030
Honduras (HNL bn) 571.951 2030 yearly 1990 - 2030
Hong Kong SAR, China (HKD bn) 615.406 2031 yearly 2005 - 2031
Hungary (HUF bn) 88,987.164 2030 yearly 1995 - 2030
Iceland (ISK bn) 2,445.114 2030 yearly 1982 - 2030
India (INR bn) 456,696.781 2031 yearly 1992 - 2031
Indonesia (IDR bn) 14,280,134.087 2030 yearly 2000 - 2030
Iran (IRR bn) 493,028,884.544 2031 yearly 1997 - 2031
Iraq (IQD bn) 314,027.921 2030 yearly 2004 - 2030
Ireland (EUR bn) 214.408 2030 yearly 1990 - 2030
Israel (ILS bn) 2,046.092 2030 yearly 2000 - 2030
Italy (EUR bn) 3,138.281 2028 yearly 1988 - 2028
Ivory Coast (XOF bn) 43,116.070 2030 yearly 1997 - 2030
Jamaica (JMD bn) 2,636.923 2031 yearly 2000 - 2031
Japan (JPY bn) 1,593,466.283 2030 yearly 1980 - 2030
Jordan (JOD bn) 38.316 2030 yearly 1988 - 2030
Kazakhstan (KZT bn) 90,755.360 2030 yearly 2002 - 2030
Kenya (KES bn) 19,848.135 2030 yearly 1998 - 2030
Kiribati (AUD bn) 0.246 2030 yearly 1988 - 2030
South Korea (KRW bn) 2,010,487.869 2030 yearly 1990 - 2030
Kosovo (EUR bn) 3.640 2030 yearly 2006 - 2030
Kuwait (KWD bn) 14.274 2030 yearly 1991 - 2030
Kyrgyzstan (KGS bn) 1,221.773 2030 yearly 2000 - 2030
Laos (LAK bn) 152,655.509 2022 yearly 2001 - 2022
Latvia (EUR bn) 29.376 2030 yearly 1998 - 2030
Lebanon (LBP bn) 4,147,223.858 2024 yearly 2000 - 2024
Lesotho (LSL bn) 35.707 2031 yearly 1989 - 2031
Liberia (LRD bn) 3.492 2030 yearly 2000 - 2030
Libya (LYD bn) 140.430 2021 yearly 1990 - 2021
Lithuania (EUR bn) 59.129 2030 yearly 1998 - 2030
Luxembourg (EUR bn) 33.450 2030 yearly 1995 - 2030

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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) 226.694 Jan 2026 monthly Jan 2004 - Jan 2026
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) 9,830.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 2,323.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget: Expenditure: Capital (MKD mn) 4,842.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget Balance (MKD mn) -9,830.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget: Revenue (MKD mn) 22,433.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget: Expenditure (MKD mn) 32,263.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 4,595.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget: Expenditure: Current (MKD mn) 27,421.000 Jan 2026 monthly Jan 2004 - Jan 2026
Public Debt: External (EUR mn) 5,825.057 2024 yearly 1999 - 2024
Public Debt: Domestic (EUR mn) 3,800.301 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) -215.0 Dec 2025 monthly Jan 2001 - Dec 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: Primary Income (PI) (USD mn) -76.758 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: SI: Debit (USD mn) 24.535 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Services (USD mn) 83.792 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: SI: Credit (USD mn) 331.474 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Credit (USD mn) 1,320.558 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: PI: Net Incurrence of Liabilities (USD mn) -65.253 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Net Errors & Omissions (USD mn) -2.908 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: Reserve Assets (USD mn) -120.323 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Debit (USD mn) 1,358.268 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: PI: Debit (USD mn) 102.693 Sep 2025 monthly Jan 2001 - Sep 2025
Balance of Payments (BoP): Current Account (CA) (USD mn) -178.446 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: Capital Account (USD mn) -0.127 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 62.437 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Secondary Income (SI) (USD mn) 306.939 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Capital Account: Credit (USD mn) 0.048 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Portfolio Investment (PI) (USD mn) 105.854 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: PI: Credit (USD mn) 27.936 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: GS: Services: Credit (USD mn) 318.824 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Direct Investment (DI) (USD mn) -5.595 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Financial Account (FA) (USD mn) -153.901 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: Other Investment (OI) (USD mn) 102.630 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Goods (USD mn) -273.325 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: GS: Goods: Debit (USD mn) 1,077.955 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: Capital Account: Debit (USD mn) 0.176 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: FA: OI: Net Incurrence of Liabilities (USD mn) 270.039 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: GS: Goods: Credit (USD mn) 641.390 Dec 2025 monthly Jan 2001 - Dec 2025
Gross External Debt: GG: Long Term (LT) (EUR mn) 4,057.980 Sep 2025 quarterly Mar 2006 - Sep 2025
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.000 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) 1,146.750 Feb 2026 monthly Dec 1992 - Feb 2026
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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