Short-term debt in North Macedonia
North Macedonia: Short-term debt was 24.8% in 2024. ▲ Rising
Short-term debt in North Macedonia, 1993–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
In 2024, short-term debt in North Macedonia stood at 24.8%.
That represents a change of down 1.3% on the previous year and up 5.3% over ten years.
Over the whole period, short-term debt in North Macedonia peaked at 38.4% in 2007 and was at its lowest, 2.7%, in 2003.
North Macedonia ranks 17th of 121 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Short-term debt in North Macedonia, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1993 | 12.4% | — |
| 1994 | 15.1% | +21.4% |
| 1995 | 11.8% | -21.8% |
| 1996 | 15.5% | +31.4% |
| 1997 | 11.1% | -28.3% |
| 1998 | 9.1% | -17.9% |
| 1999 | 3.8% | -57.9% |
| 2000 | 3.7% | -3.0% |
| 2001 | 4.9% | +31.2% |
| 2002 | 4.7% | -3.5% |
| 2003 | 2.7% | -42.6% |
| 2004 | 29.6% | +991.9% |
| 2005 | 26.9% | -9.1% |
| 2006 | 26.3% | -2.0% |
| 2007 | 38.4% | +45.8% |
| 2008 | 30.5% | -20.4% |
| 2009 | 27.1% | -11.2% |
| 2010 | 23.8% | -12.2% |
| 2011 | 26.5% | +11.2% |
| 2012 | 27.6% | +4.2% |
| 2013 | 23.7% | -14.2% |
| 2014 | 23.5% | -0.7% |
| 2015 | 24.2% | +2.9% |
| 2016 | 24.7% | +2.2% |
| 2017 | 26.7% | +8.1% |
| 2018 | 28.6% | +6.9% |
| 2019 | 28.0% | -1.9% |
| 2020 | 20.9% | -25.4% |
| 2021 | 22.4% | +7.3% |
| 2022 | 26.7% | +19.2% |
| 2023 | 25.1% | -6.2% |
| 2024 | 24.8% | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.3% | 3.8% | 15.5% | 7 |
| 2000s | 19.5% | 2.7% | 38.4% | 10 |
| 2010s | 25.7% | 23.5% | 28.6% | 10 |
| 2020s | 24.0% | 20.9% | 26.7% | 5 |
Countries ranked near North Macedonia
- 14 Fiji 27.2% compare
- 15 South Africa 26.6% compare
- 16 Algeria 25.5% compare
- 18 Iran, Islamic Republic of 23.7% compare
- 19 Bosnia and Herzegovina 22.1% compare
- 20 Vanuatu 22.1% compare
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 short-term debt in North Macedonia?
- Short-term debt in North Macedonia was 24.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in North Macedonia?
- The highest recorded value was 38.4% in 2007.
- What is the lowest short-term debt recorded in North Macedonia?
- The lowest recorded value was 2.7% in 2003.
- How does North Macedonia rank for short-term debt?
- North Macedonia ranks 17th out of 121 countries with data for 2024.
- Is short-term debt rising or falling in North Macedonia?
- Over the last ten years it is up 5.3%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.