Interest payments in North Macedonia
North Macedonia: Interest payments was 17.81 billion current LCU in 2024. ◆ Volatile
Interest payments in North Macedonia, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for interest payments in North Macedonia is 17.81 billion current LCU, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 37.6% on the previous year and up 249.9% over ten years.
Over the whole period, interest payments in North Macedonia peaked at 17.81 billion current LCU in 2024 and was at its lowest, 2.44 billion current LCU, in 2009.
That places North Macedonia 80th out of 155 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in North Macedonia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 2.62 billion current LCU | — |
| 2006 | 3.14 billion current LCU | +19.9% |
| 2007 | 2.92 billion current LCU | -7.1% |
| 2008 | 2.65 billion current LCU | -9.3% |
| 2009 | 2.44 billion current LCU | -7.6% |
| 2010 | 3.17 billion current LCU | +29.8% |
| 2011 | 3.47 billion current LCU | +9.4% |
| 2012 | 4.22 billion current LCU | +21.5% |
| 2013 | 4.61 billion current LCU | +9.2% |
| 2014 | 5.09 billion current LCU | +10.5% |
| 2015 | 6.46 billion current LCU | +26.8% |
| 2016 | 6.87 billion current LCU | +6.4% |
| 2017 | 8.39 billion current LCU | +22.1% |
| 2018 | 7.69 billion current LCU | -8.3% |
| 2019 | 8.10 billion current LCU | +5.3% |
| 2020 | 8.03 billion current LCU | -0.9% |
| 2021 | 9.09 billion current LCU | +13.1% |
| 2022 | 9.14 billion current LCU | +0.6% |
| 2023 | 12.94 billion current LCU | +41.6% |
| 2024 | 17.81 billion current LCU | +37.6% |
North Macedonia compared with similar countries
- North Macedonia's 17.81 billion current LCU is below the median for upper middle income countries, which is 34.20 billion current LCU, 52% of the median. (48 countries reporting)
- North Macedonia's 17.81 billion current LCU is above the median for Europe & Central Asia, which is 9.50 billion current LCU, 1.9× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.75 billion current LCU | 2.44 billion current LCU | 3.14 billion current LCU | 5 |
| 2010s | 5.81 billion current LCU | 3.17 billion current LCU | 8.39 billion current LCU | 10 |
| 2020s | 11.40 billion current LCU | 8.03 billion current LCU | 17.81 billion current LCU | 5 |
Countries ranked near North Macedonia
More public sector data for North Macedonia
- Democracy, 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)
- Elected parliament, 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)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is interest payments in North Macedonia?
- Interest payments in North Macedonia was 17.81 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in North Macedonia?
- The highest recorded value was 17.81 billion current LCU in 2024.
- What is the lowest interest payments recorded in North Macedonia?
- The lowest recorded value was 2.44 billion current LCU in 2009.
- How does North Macedonia rank for interest payments?
- North Macedonia ranks 80th out of 155 countries with data for 2024.
- Is interest payments rising or falling in North Macedonia?
- Over the last ten years it is up 249.9%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.