North Macedonia Interest Payments to Revenue
Interest payments as % of revenue GC.XPN.INTP.RV.ZS
North Macedonia's interest payments to revenue was 4.59% in 2025, ranked 61st globally. This represents a 3.4% decrease from 2024. Data from World Bank, covering 2005–2025.
Overview
North Macedonia's interest payments to revenue stood at 4.59% in 2025, a decline of +0.16pp from 2023. Based on recent trends, this figure is projected to reach 4.59% by 2025. North Macedonia ranked 61st globally.
North Macedonia’s interest payments to revenue have risen steadily over the past two decades, climbing from 2.57 % in 2005 to 4.59 % in 2025, a level that places the country 61st worldwide. The upward trajectory accelerated after the 2009 trough of 1.92 %, reaching an all‑time peak of 4.92 % in 2017 before moderating slightly in recent years. Compared with peer economies of similar rank, the share is close to New Zealand’s 4.86 % and Georgia’s 4.87 %, yet higher than Korea’s 4.36 % and France’s 4.32 %. The persistent increase reflects a combination of higher debt servicing costs and a relatively flat revenue base, suggesting limited fiscal headroom. If the government can broaden the tax base or refinance debt at lower rates, the ratio could stabilize or decline; otherwise, the current pattern points to a continued rise in the share of revenue devoted to interest payments.
Data & projection
| Year | Interest Payments to Revenue | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 4.68% | - | - |
| 2025* trend | 4.59% | - | - |
| 2025 | 4.59% | −0.16pp | #61 |
| 2023 | 4.75% | +0.93pp | #41 |
| 2022 | 3.82% | −0.39pp | #49 |
| 2021 | 4.21% | −0.07pp | #51 |
| 2020 | 4.28% | +0.22pp | #54 |
| 2019 | 4.06% | −0.21pp | #55 |
| 2018 | 4.28% | −0.65pp | #54 |
| 2017 | 4.92% | +0.64pp | #63 |
| 2016 | 4.29% | +0.12pp | #51 |
| 2015 | 4.17% | +0.54pp | #52 |
| 2014 | 3.63% | +0.21pp | #51 |
| 2013 | 3.42% | +0.25pp | #41 |
| 2012 | 3.17% | +0.55pp | #39 |
| 2011 | 2.62% | +0.14pp | #31 |
| 2010 | 2.48% | +0.56pp | #33 |
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 interest payments to revenue improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's interest payments to revenue was 4.59% in 2025. Ranked 61st globally. This represents a 3.4% decrease from the previous year.
North Macedonia's interest payments to revenue peaked at 4.92% in 2017.
The lowest interest payments to revenue in North Macedonia was 1.92% in 2009.
North Macedonia ranks 61st globally in interest payments to revenue as of 2025.
The World Bank indicator code is GC.XPN.INTP.RV.ZS. Data sourced from World Bank.
North Macedonia's interest payments to revenue is projected to reach 4.59% by 2025 based on trend extrapolation.
The interest payments to revenue of North Macedonia in 2025 was 4.59%. This ranks 61st in the world.
Cite this page
@misc{historysaid_north-macedonia_interest-to-revenue,
title = {North Macedonia Interest Payments to Revenue},
url = {https://historysaid.com/north-macedonia/interest-to-revenue/},
publisher = {HistorySaid},
year = {2026}
}