North Macedonia Total Debt: % of GDP

2013 - 2020 | Yearly | % | CEIC Data

Key information about North Macedonia Total Debt: % of GDP

  • North Macedonia Total Debt accounted for 349.7 % of the country's GDP in 2020, compared with the ratio of 311.2 % in the previous year.
  • North Macedonia Total Debt: % of GDP data is updated yearly, available from Dec 2013 to Dec 2020.
  • The data reached an all-time high of 349.7 % in Dec 2020 and a record low of 294.3 % in Dec 2013.

CEIC calculates annual Total Debt as % of Nominal GDP from annual Total Debt and annual Nominal GDP. Total Debt is calculated as Total Liabilities less Equity & Investment Fund Shares and Financial Derivatives. The National Bank of the Republic of North Macedonia provides Total Debt in local currency. The State Statistical Office of the Republic of North Macedonia provides Nominal GDP in local currency.

View North Macedonia's Total Debt: % of GDP from 2013 to 2020 in the chart:

North Macedonia Total Debt: % of GDP

What was North Macedonia's Total Debt: % of GDP in 2020?

North Macedonia Total Debt accounted for 349.7 % of the country's GDP in 2020, compared with the ratio of 311.2 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
349.7 2020 311.2 2019 294.3 2013 349.7 2020 % yearly 2013 - 2020

Total Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Australia (%) 102.3 Dec 2021 quarterly Jun 1988 - Dec 2021
Austria (%) 629.8 Dec 2021 quarterly Mar 1999 - Dec 2021
Belgium (%) 807.4 Dec 2021 quarterly Dec 1998 - Dec 2021
Bulgaria (%) 407.6 2020 yearly 1995 - 2020
Canada (%) 987.7 Dec 2021 quarterly Mar 1990 - Dec 2021
Croatia (%) 502.7 Sep 2021 quarterly Mar 2012 - Sep 2021
Cyprus (%) 1,567.2 2020 yearly 1995 - 2020
Czech Republic (%) 410.7 Dec 2021 quarterly Mar 2008 - Dec 2021
Denmark (%) 950.8 2020 yearly 1994 - 2020
Estonia (%) 395.8 Dec 2021 quarterly Dec 2003 - Dec 2021
European Union (%) 823.8 2020 yearly 2001 - 2020
Finland (%) 666.3 2021 yearly 1995 - 2021
France (%) 1,035.3 Dec 2021 quarterly Mar 1996 - Dec 2021
Germany (%) 669.6 Sep 2021 quarterly Mar 1999 - Sep 2021
Greece (%) 687.9 Dec 2021 quarterly Dec 1997 - Dec 2021
Hungary (%) 465.9 Dec 2021 quarterly Dec 1995 - Dec 2021
Iceland (%) 786.9 2020 yearly 2003 - 2020
Ireland (%) 1,136.1 Jun 2021 quarterly Mar 2002 - Jun 2021
Italy (%) 711.6 Sep 2021 quarterly Dec 1995 - Sep 2021
Japan (%) 1,342.5 Dec 2021 quarterly Jun 1998 - Dec 2021
South Korea (%) 755.6 Dec 2021 quarterly Dec 2008 - Dec 2021
Latvia (%) 359.1 Dec 2021 quarterly Mar 2004 - Dec 2021
Lithuania (%) 331.7 Dec 2021 quarterly Dec 1995 - Dec 2021
Luxembourg (%) 7,753.1 Dec 2021 quarterly Dec 1995 - Dec 2021
North Macedonia (%) 349.7 2020 yearly 2013 - 2020
Malta (%) 1,443.3 Dec 2021 quarterly Mar 2004 - Dec 2021
Mexico (%) 117.1 Dec 2021 quarterly Dec 2000 - Dec 2021
Netherlands (%) 1,153.4 Dec 2021 quarterly Mar 1999 - Dec 2021
New Zealand (%) 587.9 2019 yearly 2006 - 2019
Norway (%) 622.0 Dec 2021 quarterly Dec 1995 - Dec 2021
Poland (%) 330.9 Dec 2021 quarterly Mar 2004 - Dec 2021
Portugal (%) 610.7 Dec 2021 quarterly Dec 1995 - Dec 2021
Romania (%) 256.7 Dec 2021 quarterly Mar 2007 - Dec 2021
Slovakia (%) 483.0 Dec 2021 quarterly Dec 2012 - Dec 2021
Slovenia (%) 376.2 Dec 2021 quarterly Mar 2004 - Dec 2021
Spain (%) 749.1 Dec 2021 quarterly Dec 1995 - Dec 2021
Sweden (%) 825.7 Dec 2021 quarterly Mar 1996 - Dec 2021
Switzerland (%) 1,055.0 2020 yearly 1999 - 2020
Taiwan (%) 899.1 2020 yearly 2000 - 2020
Turkey (%) 393.5 Dec 2021 quarterly Dec 2014 - Dec 2021
Ukraine (%) 296.9 2019 yearly 2009 - 2019
United Kingdom (%) 1,108.2 Dec 2021 quarterly Mar 1987 - Dec 2021
United States (%) 826.6 Dec 2021 quarterly Dec 1951 - Dec 2021

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North Macedonia Key Series

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Includes 274 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 (%) -5.4 2021 yearly 1993 - 2021
Consolidated Fiscal Balance (USD mn) -750.133 2021 yearly 2009 - 2021
Tax Revenue (USD mn) 238.373 Mar 2022 monthly Jan 2004 - Mar 2022
Tax Revenue: % of GDP (%) 16.4 Dec 2021 quarterly Mar 2004 - Dec 2021
National Government Debt (USD mn) 6,781.6 Mar 2022 quarterly Dec 2009 - Mar 2022
Government Debt: % of GDP (%) 51.8 Dec 2021 quarterly Dec 2009 - Dec 2021
Forecast: Government Expenditure (MKD bn) 363.553 2027 yearly 1997 - 2027
Forecast: Government Net Debt (MKD bn) 601.149 2027 yearly 1999 - 2027
Forecast: Government Revenue (MKD bn) 331.574 2027 yearly 1997 - 2027
Central Government Budget: Expenditure: Capital (MKD mn) 1,839.000 Mar 2022 monthly Jan 2004 - Mar 2022
Central Government Budget: Revenue (MKD mn) 21,549.000 Mar 2022 monthly Jan 2004 - Mar 2022
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 1,877.000 Mar 2022 monthly Jan 2004 - Mar 2022
Central Government Budget: Expenditure: Current (MKD mn) 19,511.000 Mar 2022 monthly Jan 2004 - Mar 2022
Central Government Budget: Expenditure (MKD mn) 21,350.000 Mar 2022 monthly Jan 2004 - Mar 2022
Central Government Budget Balance (MKD mn) 199.000 Mar 2022 monthly Jan 2004 - Mar 2022
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 5,995.000 Mar 2022 monthly Jan 2004 - Mar 2022
Central Government Budget: Financing (MKD mn) -199.000 Mar 2022 monthly Jan 2004 - Mar 2022
Public Debt: External (EUR mn) 4,668.938 2021 yearly 1999 - 2021
Public Debt: Domestic (EUR mn) 2,466.404 2021 yearly 1999 - 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 6.147 2027 yearly 1993 - 2027
Trade Balance (USD mn) -354.6 Mar 2022 monthly Dec 1993 - Mar 2022
Total Exports (USD mn) 796.5 Mar 2022 monthly Jan 2002 - Mar 2022
Total Exports Growth (%) 13.6 Mar 2022 monthly Jan 2003 - Mar 2022
Aluminum: Exports (USD th) 3,133.165 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 107,894.373 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 1,128.578 2020 yearly 1995 - 2020
Total Imports (USD mn) 1,151.1 Mar 2022 monthly Jan 2002 - Mar 2022
Total Imports Growth (%) 17.7 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Medicament (USD th) 190,970.910 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 52,876.601 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 27.347 Mar 2022 monthly Jan 1999 - Mar 2022
Total Imports from USA (USD mn) 12.903 Mar 2022 monthly Jan 1993 - Mar 2022
Total Exports to China (USD mn) 4.086 Mar 2022 monthly Jan 1999 - Mar 2022
Total Imports from China (USD mn) 82.801 Mar 2022 monthly Aug 1996 - Mar 2022
Exports: ytd: SITC: Miscellaneous Manufactured Articles (USD th) 222,727.149 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 61,975.490 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: ytd: SITC: Beverages and Tobacco (USD th) 41,077.550 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: ytd: SITC: Manufactured Goods (USD th) 402,387.884 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: ytd: SITC: Food Products (USD th) 96,692.211 Mar 2022 monthly Jan 2003 - Mar 2022
Exports: Kosovo (USD th) 38,318.914 Mar 2022 monthly Jan 2013 - Mar 2022
Exports: Czech Republic (USD th) 13,890.717 Mar 2022 monthly Jan 2013 - Mar 2022
Exports: Bulgaria (USD th) 43,767.090 Mar 2022 monthly Jan 2013 - Mar 2022
Exports: USA (USD th) 27,346.529 Mar 2022 monthly Jan 2013 - Mar 2022
Exports: Germany (USD th) 319,573.151 Mar 2022 monthly Jan 2013 - Mar 2022
Imports: ytd: SITC: Manufactured Goods (USD th) 1,009,553.696 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: ytd: SITC: Chemical Products (USD th) 446,237.810 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: ytd: SITC: Food Products (USD th) 214,386.809 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: ytd: SITC: Machinery and Transport Equipment (USD th) 580,602.081 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 638,326.716 Mar 2022 monthly Jan 2003 - Mar 2022
Imports: Greece (USD th) 130,261.316 Mar 2022 monthly Jan 2013 - Mar 2022
Imports: Germany (USD th) 108,734.060 Mar 2022 monthly Jan 2013 - Mar 2022
Imports: China (USD th) 82,801.216 Mar 2022 monthly Jan 2013 - Mar 2022
Imports: USA (USD th) 12,903.168 Mar 2022 monthly Jan 2013 - Mar 2022
Imports: Great Britain (USD th) 142,470.551 Mar 2022 monthly Jan 2013 - Mar 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -241.2 Dec 2021 monthly Jan 2001 - Dec 2021
Current Account Balance (USD mn) -197.2 Dec 2021 monthly Jan 2001 - Dec 2021
Current Account Balance: % of GDP (%) -10.2 Dec 2021 quarterly Mar 2000 - Dec 2021
Foreign Direct Investment (USD mn) -144.2 Dec 2021 monthly Jan 2001 - Dec 2021
Foreign Direct Investment: % of GDP (%) -2.1 Dec 2021 quarterly Mar 2000 - Dec 2021
Foreign Portfolio Investment (USD mn) 6.627 Dec 2021 quarterly Mar 1998 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) 0.2 Dec 2021 quarterly Mar 2000 - Dec 2021
Foreign Portfolio Investment: Equity Securities (USD mn) 0.1 Dec 2021 quarterly Mar 1996 - Dec 2021
Foreign Portfolio Investment: Debt Securities (USD mn) 6.539 Dec 2021 quarterly Mar 1998 - Dec 2021
External Debt (USD mn) 10,820.9 Dec 2021 quarterly Dec 2005 - Dec 2021
External Debt: % of GDP (%) 81.4 2021 yearly 2004 - 2021
External Debt: Short Term (USD mn) 2,423.8 Dec 2021 quarterly Dec 2005 - Dec 2021
External Debt: Short Term: % of GDP (%) 18.2 2021 yearly 2004 - 2021
Total Debt: % of GDP (%) 349.7 2020 yearly 2013 - 2020
Forecast: Current Account Balance (USD bn) -0.508 2027 yearly 1992 - 2027
Net International Investment Position (USD mn) -8,282.500 Dec 2021 quarterly Dec 2006 - Dec 2021
BoP: CA: Primary Income (PI) (USD mn) -48.501 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -412.829 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) -241.206 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: FA: Portfolio Investment (PI) (USD mn) 36.507 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: FA: Other Investment (OI) (USD mn) -217.869 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: Capital Account: Debit (USD mn) 0.000 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: CA: GS: Goods: Credit (USD mn) 585.407 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: CA: SI: Debit (USD mn) 18.863 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: CA: Credit (USD mn) 1,078.410 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 32.105 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: Capital Account (USD mn) 2.758 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: CA: GS: Services: Credit (USD mn) 200.527 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) -144.235 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -4.403 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: FA: Reserve Assets (USD mn) 88.071 Dec 2021 monthly Jan 2001 - Dec 2021
Balance of Payments (BoP): Current Account (CA) (USD mn) -197.247 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: CA: PI: Credit (USD mn) 15.058 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: CA: GS: Goods (USD mn) -381.223 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) -194.960 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: CA: SI: Credit (USD mn) 277.418 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: CA: PI: Debit (USD mn) 63.559 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: CA: Secondary Income (SI) (USD mn) 258.555 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: FA: Direct Investment (DI) (USD mn) -96.971 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: CA: GS: Goods: Debit (USD mn) 966.630 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: CA: GS: Services (USD mn) -26.078 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: Net Errors & Omissions (USD mn) 4.227 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: CA: Debit (USD mn) 1,275.657 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: Capital Account: Credit (USD mn) 2.758 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: Financial Account (FA) (USD mn) -190.261 Dec 2021 monthly Jan 2001 - Dec 2021
BoP: CA: GS: Services: Debit (USD mn) 226.605 Dec 2021 monthly Jan 2001 - Dec 2021
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.000 Dec 2021 quarterly Mar 2006 - Dec 2021
Gross External Debt: GG: Long Term (LT) (EUR mn) 3,394.871 Dec 2021 quarterly Mar 2006 - Dec 2021
Gross External Debt: MI: Private (EUR mn) 4,745.367 Dec 2021 quarterly Mar 2006 - Dec 2021
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 4,801.974 Dec 2021 quarterly Mar 2006 - Dec 2021
Foreign Direct Investment (FDI): Flow (USD mn) 99.984 Dec 2021 monthly Jan 2007 - Dec 2021
FDI: Flow: NACE 2: Services (EUR mn) 43.917 Dec 2021 quarterly Mar 2009 - Dec 2021
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) -2.041 Dec 2021 quarterly Mar 2009 - Dec 2021
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 12.967 Dec 2021 quarterly Mar 2009 - Dec 2021
FDI: Flow: NACE 2: Manufacturing (EUR mn) 140.299 Dec 2021 quarterly Mar 2009 - Dec 2021
FDI: Flow: NACE 2: Construction (EUR mn) 1.093 Dec 2021 quarterly Mar 2009 - Dec 2021
FDI: Flow: United Kingdom (EUR mn) 118.728 Dec 2021 quarterly Mar 2008 - Dec 2021
FDI: Flow: Austria (EUR mn) 35.456 Dec 2021 quarterly Mar 2008 - Dec 2021
FDI: Flow: Belgium (EUR mn) 7.284 Dec 2021 quarterly Mar 2008 - Dec 2021
FDI: Flow: Turkey (EUR mn) 16.366 Dec 2021 quarterly Mar 2008 - Dec 2021
FDI: Flow: United States of America (EUR mn) 8.854 Dec 2021 quarterly Mar 2008 - Dec 2021
No of Enterprises: Out of Business (Unit) 4,660.000 2018 yearly 2004 - 2018
No of Enterprises: New (Unit) 7,785.000 2019 yearly 2004 - 2019
No of Enterprises (Unit) 73,030.000 2019 yearly 2004 - 2019
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.1 Dec 2021 quarterly Dec 2005 - Dec 2021
Household Debt: % of GDP (%) 27.7 Dec 2021 quarterly Mar 2003 - Dec 2021
Non-Performing Loans (USD mn) 250.092 Sep 2021 quarterly Mar 2006 - Sep 2021
Money Supply M1 (USD mn) 3,734.491 Mar 2022 monthly Jan 2003 - Mar 2022
Money Supply M2 (USD mn) 7,410.879 Mar 2022 monthly Jan 2003 - Mar 2022
M2 Growth (%) 5.7 Mar 2022 monthly Jan 2004 - Mar 2022
Reserve Requirement Ratio (%) 8.0 Apr 2022 monthly Jan 2004 - Apr 2022
Foreign Exchange Reserves (USD mn) 2,989.1 Apr 2022 monthly Dec 1993 - Apr 2022
Foreign Exchange Reserves: % of GDP (%) 28.005 Dec 2021 quarterly Dec 2000 - Dec 2021
Foreign Exchange Reserves: Months of Import (NA) 2.8 Mar 2022 monthly Jan 2002 - Mar 2022
Gold Reserves (USD mn) 424.311 Apr 2022 monthly Dec 1992 - Apr 2022
Total Deposits (USD mn) 8,201.143 Mar 2022 monthly Jan 2003 - Mar 2022
Total Deposits Growth (%) 3.5 Mar 2022 monthly Jan 2004 - Mar 2022
Domestic Credit (USD mn) 8,281.5 Mar 2022 monthly Jan 2003 - Mar 2022
Domestic Credit Growth (%) 23.2 Mar 2022 monthly Jan 2004 - Mar 2022
Household Debt (USD mn) 3,670.3 Mar 2022 monthly Jan 2003 - Mar 2022
Total Loans (USD mn) 7,159.738 Mar 2022 monthly Jan 2003 - Mar 2022
Total Loans Growth (%) 9.81 Mar 2022 monthly Jan 2004 - Mar 2022
Private Debt: % of Nominal GDP (%) 52.96 Dec 2021 quarterly Mar 2009 - Dec 2021
Official Reserve Assets: Foreign Currency (EUR mn) 2,836.802 Apr 2022 monthly Jan 2005 - Apr 2022
Official Reserve Assets (EUR mn) 3,240.209 Apr 2022 monthly Jan 2005 - Apr 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -4.0 Apr 2022 monthly Apr 2002 - Apr 2022
Business Survey: Manufacturing (Mfg): Present Business Situation (%) 25.100 Apr 2022 monthly Apr 2001 - Apr 2022

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