Short-term debt (% of total external debt) in North Macedonia
North Macedonia: Short-term debt (% of total external debt) was 26.1% in 2025. ▲ Rising
Short-term debt in North Macedonia, 1993–2025
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
In 2025, short-term debt in North Macedonia stood at 26.1%.
That represents a change of up 6.2% on the previous year and up 7.8% 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 123 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 33 years of available data.
Short-term debt (% of total external 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 | 24.6% | -2.1% |
| 2025 | 26.1% | +6.2% |
North Macedonia compared with similar countries
- North Macedonia's 26.1% is above the median for upper middle income countries, which is 11.8%, 2.2× the median. (52 countries reporting)
- North Macedonia's 26.1% is above the median for Europe & Central Asia, which is 15.5%, 1.7× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Short-term debt (% of total external debt) in North Macedonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +991.9% | 2.7% | 29.6% |
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 | 24.3% | 20.9% | 26.7% | 6 |
Countries ranked near North Macedonia
More external debt data for North Macedonia
- Net financial flows, IBRD -25.39 million NFL, current US$ (2025)
- 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)
- 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, IDA (NFL, current US$), per square kilometre -645.08 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 552.63 million DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 6.18 billion DOD, current US$ (2025)
- External debt stocks, long-term 10.04 billion DOD, current US$ (2025)
Frequently asked questions
- What is short-term debt in North Macedonia?
- Short-term debt in North Macedonia was 26.1% in 2025, 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 123 countries with data for 2025.
- Is short-term debt rising or falling in North Macedonia?
- Over the last ten years it is up 7.8%. 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.
Download this data
CSV · JSON — 33 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.