North Macedonia Short-term Debt
Short-term debt as % of total external debt DT.DOD.DSTC.ZS
North Macedonia's short-term debt was 27.09% in 2025, ranked 15th globally. This represents a 9.4% increase from 2024. Data from World Bank, covering 1993–2025.
Overview
North Macedonia's short-term debt stood at 27.09% in 2025, a rise of +2.33% from 2024. Based on recent trends, this figure is projected to reach 27.09% by 2025. North Macedonia ranked 15th globally.
North Macedonia's short-term debt has exhibited considerable fluctuations over the past three decades, with the latest available data from the World Bank indicating a value of 27.09 in 2025, ranking #15 globally. The country's debt has historically been most pronounced in 2007, when it peaked at 38.38, a stark contrast to the low of 2.71 in 2003. Comparatively, South Africa's short-term debt stands at 28.43, while Armenia's is lower at 24.96, highlighting North Macedonia's position within its peer group. The country's short-term debt has generally trended upward since the early 2000s, with some fluctuations. A notable decline in short-term debt would likely be driven by improvements in the country's fiscal management and economic growth, a factor that could be influenced by increased foreign investment and structural reforms aimed at enhancing competitiveness and reducing dependence on external financing.
Data & projection
| Year | Short-term Debt | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 29.16% | - | - |
| 2026* trend | 28.13% | - | - |
| 2025* trend | 27.09% | - | - |
| 2025 | 27.09% | +2.33% | #15 |
| 2024 | 24.77% | −0.31% | #101 |
| 2023 | 25.08% | −1.66% | #104 |
| 2022 | 26.75% | +4.31% | #110 |
| 2021 | 22.44% | +1.53% | #106 |
| 2020 | 20.91% | −7.12% | #101 |
| 2019 | 28.04% | −0.55% | #109 |
| 2018 | 28.59% | +1.86% | #110 |
| 2017 | 26.73% | +2.01% | #109 |
| 2016 | 24.73% | +0.52% | #107 |
| 2015 | 24.21% | +0.69% | #103 |
| 2014 | 23.52% | −0.16% | #96 |
| 2013 | 23.67% | −3.91% | #95 |
| 2012 | 27.58% | +1.10% | #106 |
| 2011 | 26.48% | +2.67% | #103 |
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 short-term debt improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's short-term debt was 27.09% in 2025. Ranked 15th globally. This represents a 9.4% increase from the previous year.
North Macedonia's short-term debt peaked at 38.38% in 2007.
The lowest short-term debt in North Macedonia was 2.71% in 2003.
North Macedonia ranks 15th globally in short-term debt as of 2025.
The World Bank indicator code is DT.DOD.DSTC.ZS. Data sourced from World Bank.
North Macedonia's short-term debt is projected to reach 27.09% by 2025 based on trend extrapolation.
The short-term debt of North Macedonia in 2025 was 27.09%. This ranks 15th in the world.
Cite this page
@misc{historysaid_north-macedonia_short-term-debt,
title = {North Macedonia Short-term Debt},
url = {https://historysaid.com/north-macedonia/short-term-debt/},
publisher = {HistorySaid},
year = {2026}
}