Cyclically adjusted balance, General government, Percent of potential in North Macedonia
North Macedonia: Cyclically adjusted balance, General government, Percent of potential was -2.53 in 2030. ▼ Falling
Cyclically adjusted balance, General government, Percent of potential in North Macedonia, 2007–2030
Source: International Monetary Fund.
Analysis
In 2030, cyclically adjusted balance, general government, percent of potential in North Macedonia stood at -2.53.
Compared with earlier readings it is up 16.5% on the previous year and up 63.3% over ten years.
Over the whole period, cyclically adjusted balance, general government, percent of potential in North Macedonia peaked at 0.5773 in 2007 and was at its lowest, -6.89, in 2020.
North Macedonia ranks 49th of 88 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Cyclically adjusted balance, General government, Percent of potential in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 0.5773 | — |
| 2008 | -0.9328 | -261.6% |
| 2009 | -2.63 | +181.7% |
| 2010 | -2.41 | -8.3% |
| 2011 | -2.47 | +2.6% |
| 2012 | -3.81 | +53.9% |
| 2013 | -3.84 | +0.8% |
| 2014 | -4.19 | +9.4% |
| 2015 | -3.48 | -17.2% |
| 2016 | -2.7 | -22.3% |
| 2017 | -2.73 | +1.2% |
| 2018 | -1.76 | -35.8% |
| 2019 | -2.24 | +27.8% |
| 2020 | -6.89 | +207.4% |
| 2021 | -4.59 | -33.4% |
| 2022 | -4.63 | +0.8% |
| 2023 | -4.21 | -9.0% |
| 2024 | -4.65 | +10.6% |
| 2025 | -5.48 | +17.7% |
| 2026 | -4.79 | -12.5% |
| 2027 | -4.18 | -12.7% |
| 2028 | -3.53 | -15.6% |
| 2029 | -3.03 | -14.2% |
| 2030 | -2.53 | -16.5% |
North Macedonia compared with similar countries
- North Macedonia's -2.53 is below the median for upper middle income countries, which is -2.26, 1.1× the median. (29 countries reporting)
- North Macedonia's -2.53 is above the median for Europe & Central Asia, which is -2.54, 100% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Cyclically adjusted balance, General government, Percent of potential 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 |
|---|---|---|---|
| 2008 | -261.6% | 0.5773 | -0.9328 |
| 2020 | -207.4% | -2.24 | -6.89 |
| 2009 | -181.7% | -0.9328 | -2.63 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.9943 | -2.63 | 0.5773 | 3 |
| 2010s | -2.96 | -4.19 | -1.76 | 10 |
| 2020s | -4.6 | -6.89 | -3.03 | 10 |
| 2030s | -2.53 | -2.53 | -2.53 | 1 |
Countries ranked near North Macedonia
More public sector data for North Macedonia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 9.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.5481 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -80 % change on previous year (2024)
Frequently asked questions
- What is cyclically adjusted balance, general government, percent of potential in North Macedonia?
- Cyclically adjusted balance, general government, percent of potential in North Macedonia was -2.53 in 2030, according to International Monetary Fund.
- What is the highest cyclically adjusted balance, general government, percent of potential recorded in North Macedonia?
- The highest recorded value was 0.5773 in 2007.
- What is the lowest cyclically adjusted balance, general government, percent of potential recorded in North Macedonia?
- The lowest recorded value was -6.89 in 2020.
- How does North Macedonia rank for cyclically adjusted balance, general government, percent of potential?
- North Macedonia ranks 49th out of 88 countries with data for 2030.
- Is cyclically adjusted balance, general government, percent of potential rising or falling in North Macedonia?
- Over the last ten years it is up 63.3%. The long-run trend across the full record is falling.
- Where does this North Macedonia data come from?
- The figures come from International Monetary Fund, published as part of Cyclically adjusted balance, General government, Percent of potential GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October