Government gross debt in North Macedonia

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 53.8% 2027: 54.6% 2028: 54.7% 2029: 55.0% 2030: 55.4% 2031: 56.0%

29.8 (1999) ANUAL · % of GDP · Annual · CSV

Period	% of GDP
Jan 1999	29.8

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.

What it is

Government gross debt measures the total outstanding liabilities of North Macedonia's general government to its creditors. It is usually expressed as a share of GDP to gauge sustainability.

How it's calculated

It is compiled by adding the gross liabilities of general government (debt securities, loans and other liabilities). The reference figure comes from the IMF World Economic Outlook, is annual and is expressed as a percentage of GDP and in absolute denar terms.

Market implications

As an EU candidate country, North Macedonia tends to align its fiscal management with European criteria. The debt level shapes its funding costs and risk premium, and is watched by the IMF, markets and rating agencies.

Limitations

It is a low-frequency figure subject to revision. The ratio depends on nominal GDP, so it can move without any change in borrowing, and it reflects neither the maturity profile nor the contingent liabilities of state-owned enterprises.