The ratio of national debt to gross domestic product (GDP) in North Macedonia was forecast to increase between 2024 and 2029 by in total 1.2 percentage points. This overall increase does not happen continuously, notably not in 2027 and 2029. The ratio is estimated to amount to 57.62 percent in 2029. Depicted here is the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.
Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Serbia, Croatia, and Bosnia & Herzegovina.
North Macedonia: national debt in relation to gross domestic product (GDP) from 2012 to 2029
Characteristic
National debt as percent of GDP
2029*
57.62%
2028*
57.82%
2027*
57.78%
2026*
57.84%
2025*
57.18%
2024*
56.39%
2023
54.51%
2022
51.56%
2021
52.75%
2020
50.85%
2019
40.45%
2018
40.42%
2017
39.38%
Created with Highcharts 7.2.2National debt as percent of GDP33.66%33.66%33.97%33.97%38.02%38.02%38.08%38.08%39.81%39.81%39.38%39.38%40.42%40.42%40.45%40.45%50.85%50.85%52.75%52.75%51.56%51.56%54.51%54.51%56.39%56.39%57.18%57.18%57.84%57.84%57.78%57.78%57.82%57.82%57.62%57.62%2012201320142015201620172018201920202021202220232024*2025*2026*2027*2028*2029*
30%35%40%45%50%55%60%
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IMF. (October 22, 2024). North Macedonia: national debt in relation to gross domestic product (GDP) from 2012 to 2029 [Graph]. In Statista. Retrieved February 18, 2025, from https://www.statista.com/statistics/427225/national-debt-of-macedonia-fyr-in-relation-to-gross-domestic-product-gdp/
IMF. "North Macedonia: national debt in relation to gross domestic product (GDP) from 2012 to 2029." Chart. October 22, 2024. Statista. Accessed February 18, 2025. https://www.statista.com/statistics/427225/national-debt-of-macedonia-fyr-in-relation-to-gross-domestic-product-gdp/
IMF. (2024). North Macedonia: national debt in relation to gross domestic product (GDP) from 2012 to 2029. Statista. Statista Inc.. Accessed: February 18, 2025. https://www.statista.com/statistics/427225/national-debt-of-macedonia-fyr-in-relation-to-gross-domestic-product-gdp/
IMF. "North Macedonia: National Debt in Relation to Gross Domestic Product (Gdp) from 2012 to 2029." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/427225/national-debt-of-macedonia-fyr-in-relation-to-gross-domestic-product-gdp/
IMF, North Macedonia: national debt in relation to gross domestic product (GDP) from 2012 to 2029 Statista, https://www.statista.com/statistics/427225/national-debt-of-macedonia-fyr-in-relation-to-gross-domestic-product-gdp/ (last visited February 18, 2025)
North Macedonia: national debt in relation to gross domestic product (GDP) from 2012 to 2029 [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/427225/national-debt-of-macedonia-fyr-in-relation-to-gross-domestic-product-gdp/
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