Macedonia recorded a Government Debt to GDP of 53.80 percent of the country's Gross Domestic Product in 2024. Government Debt to GDP in Macedonia averaged 38.90 percent of GDP from 1999 until 2024, reaching an all time high of 57.20 percent of GDP in 2000 and a record low of 20.50 percent of GDP in 2008. source: Ministry of Finance, Republic of Macedonia

Government Debt to GDP in Macedonia is expected to reach 64.00 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the North Macedonia Government Debt to GDP is projected to trend around 62.00 percent of GDP in 2026, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 45.00 Feb 2026
Fiscal Expenditure 39693.00 31498.00 MKD Million Dec 2025
Government Budget -4.70 -4.90 percent of GDP Dec 2024
Government Budget Value -4944.00 -4906.00 MKD Million Dec 2025
Government Debt 8498.10 8493.40 EUR Million Sep 2025
Government Debt to GDP 53.80 49.80 percent of GDP Dec 2024
Government Revenues 34749.00 26592.00 MKD Million Dec 2025
Government Spending 43419.00 41996.00 MKD Million Sep 2025
Holidays
Military Expenditure 353.70 266.60 USD Million Dec 2024


North Macedonia Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
53.80 49.80 57.20 20.50 1999 - 2024 percent of GDP Yearly
NSA