Debt service (PPG and IMF only, % of exports of goods, services and) in North Macedonia
North Macedonia: Debt service (PPG and IMF only, % of exports of goods, services and) was 7.1% in 2024. ▼ Falling
Debt service (PPG and IMF only, % of exports of goods, services and) in North Macedonia, 1996–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
In 2024, debt service (ppg and imf only, % of exports of goods, services and) in North Macedonia stood at 7.1%.
The figure is down 19.7% on the previous year and up 9.5% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in North Macedonia peaked at 15.4% in 2002 and was at its lowest, 2.9%, in 2008.
North Macedonia ranks 62nd of 118 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 29 years of available data.
Debt service (PPG and IMF only, % of exports of goods, services and) in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | 5.0% | — |
| 1997 | 9.8% | +97.2% |
| 1998 | 10.0% | +2.4% |
| 1999 | 8.8% | -11.9% |
| 2000 | 6.6% | -24.9% |
| 2001 | 14.0% | +111.5% |
| 2002 | 15.4% | +9.5% |
| 2003 | 11.2% | -27.0% |
| 2004 | 8.0% | -28.4% |
| 2005 | 6.1% | -23.4% |
| 2006 | 13.9% | +125.5% |
| 2007 | 10.6% | -23.9% |
| 2008 | 2.9% | -72.2% |
| 2009 | 4.3% | +45.2% |
| 2010 | 4.1% | -4.1% |
| 2011 | 3.8% | -8.1% |
| 2012 | 5.3% | +40.0% |
| 2013 | 10.7% | +102.8% |
| 2014 | 6.5% | -39.2% |
| 2015 | 11.4% | +75.7% |
| 2016 | 7.1% | -38.0% |
| 2017 | 5.8% | -17.2% |
| 2018 | 6.6% | +12.4% |
| 2019 | 4.2% | -35.9% |
| 2020 | 10.1% | +138.9% |
| 2021 | 10.2% | +2.0% |
| 2022 | 3.4% | -66.7% |
| 2023 | 8.8% | +158.4% |
| 2024 | 7.1% | -19.7% |
North Macedonia compared with similar countries
- North Macedonia's 7.1% is below the median for upper middle income countries, which is 7.8%, 91% of the median. (50 countries reporting)
- North Macedonia's 7.1% is above the median for Europe & Central Asia, which is 6.2%, 1.1× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.4% | 5.0% | 10.0% | 4 |
| 2000s | 9.3% | 2.9% | 15.4% | 10 |
| 2010s | 6.5% | 3.8% | 11.4% | 10 |
| 2020s | 7.9% | 3.4% | 10.2% | 5 |
Countries ranked near North Macedonia
More external debt data for North Macedonia
- IFC, private nonguaranteed 0 NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 0 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 4.0% (2024)
- Net financial flows, IDA -16.12 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita -8.84 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0.001 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD -30.68 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.0% (2024)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in North Macedonia?
- Debt service (ppg and imf only, % of exports of goods, services and) in North Macedonia was 7.1% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in North Macedonia?
- The highest recorded value was 15.4% in 2002.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in North Macedonia?
- The lowest recorded value was 2.9% in 2008.
- How does North Macedonia rank for debt service (ppg and imf only, % of exports of goods, services and)?
- North Macedonia ranks 62nd out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in North Macedonia?
- Over the last ten years it is up 9.5%. The long-run trend across the full record is falling.
- Where does this North Macedonia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.