Macedonia recorded a Government Debt to GDP of 51.60 percent of the country's Gross Domestic Product in 2025. Government Debt to GDP in Macedonia averaged 39.37 percent of GDP from 1999 until 2025, 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 62.00 percent of GDP by the end of 2026, 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 2027, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 45.00 Apr 2026
Fiscal Expenditure 34114.00 33780.00 MKD Million Feb 2026
Government Budget -4.00 -4.30 percent of GDP Dec 2025
Government Budget Value -7262.00 -11375.00 MKD Million Feb 2026
Government Debt 8752.80 8498.10 EUR Million Dec 2025
Government Debt to GDP 51.60 53.80 percent of GDP Dec 2025
Government Revenues 26852.00 22405.00 MKD Million Feb 2026
Government Spending 45830.00 43419.00 MKD Million Dec 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
51.60 53.80 57.20 20.50 1999 - 2025 percent of GDP Yearly
NSA