North Macedonia Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Overview
North Macedonia's government debt to gdp stood at 52.86% in 2025, a decline of +1.97% from 2024. The IMF projects 52.86% by 2025. North Macedonia ranked 97th globally.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 55.54% | - | - |
| 2029* IMF | 55.78% | - | - |
| 2028* IMF | 55.58% | - | - |
| 2027* IMF | 54.75% | - | - |
| 2026* IMF | 53.90% | - | - |
| 2025* IMF | 52.86% | - | - |
| 2025 | 52.86% | −1.97% | #97 |
| 2024 | 54.83% | +4.01% | #92 |
| 2023 | 50.83% | +0.38% | #85 |
| 2022 | 50.45% | −2.30% | #85 |
| 2021 | 52.75% | +1.90% | #85 |
| 2020 | 50.85% | +10.40% | #79 |
| 2019 | 40.45% | +0.02% | #64 |
| 2018 | 40.43% | +1.04% | #69 |
| 2017 | 39.38% | −0.34% | #63 |
| 2016 | 39.72% | +1.72% | #66 |
| 2015 | 38.00% | −0.04% | #70 |
| 2014 | 38.04% | +4.00% | #86 |
| 2013 | 34.04% | +0.38% | #79 |
| 2012 | 33.66% | +5.93% | #80 |
| 2011 | 27.73% | +3.46% | #60 |
Detected Pattern
Analysis
North Macedonia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's government debt to gdp was 52.86% in 2025. Ranked 97th globally. This represents a 3.6% decrease from the previous year.
North Macedonia's government debt to gdp peaked at 54.83% in 2024.
The lowest government debt to gdp in North Macedonia was 20.64% in 2008.
North Macedonia ranks 97th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
North Macedonia's government debt to gdp is projected to reach 52.86% by 2025 based on IMF projection.
The government debt to gdp of North Macedonia in 2025 was 52.86%. This ranks 97th in the world.
Cite this page
@misc{historysaid_north-macedonia_government-debt-to-gdp,
title = {North Macedonia Government Debt to GDP},
url = {https://historysaid.com/north-macedonia/government-debt-to-gdp},
publisher = {HistorySaid},
year = {2026}
}