Interest payments in North Macedonia
North Macedonia: Interest payments was 4.3% in 2023. ▲ Rising
Interest payments in North Macedonia, 2005–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
North Macedonia recorded 4.3% for interest payments in 2023.
That represents a change of up 23.5% on the previous year and up 32.2% over ten years.
Over the whole period, interest payments in North Macedonia peaked at 4.8% in 2017 and was at its lowest, 1.9%, in 2009.
North Macedonia ranks 97th of 152 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Interest payments in North Macedonia, year by year
| Year | % of expense | Change |
|---|---|---|
| 2005 | 2.9% | — |
| 2006 | 3.2% | +7.9% |
| 2007 | 2.7% | -15.8% |
| 2008 | 2.1% | -21.9% |
| 2009 | 1.9% | -9.9% |
| 2010 | 2.4% | +28.2% |
| 2011 | 2.6% | +6.9% |
| 2012 | 3.1% | +19.2% |
| 2013 | 3.2% | +5.6% |
| 2014 | 3.4% | +4.7% |
| 2015 | 4.0% | +18.0% |
| 2016 | 4.2% | +3.6% |
| 2017 | 4.8% | +16.6% |
| 2018 | 4.2% | -13.8% |
| 2019 | 3.9% | -5.8% |
| 2020 | 3.4% | -12.8% |
| 2021 | 3.7% | +8.8% |
| 2022 | 3.5% | -6.9% |
| 2023 | 4.3% | +23.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.6% | 1.9% | 3.2% | 5 |
| 2010s | 3.6% | 2.4% | 4.8% | 10 |
| 2020s | 3.7% | 3.4% | 4.3% | 4 |
Countries ranked near North Macedonia
More public sector data for North Macedonia
- Arms imports 1.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 1.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 193.87 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0209 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 32.65 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 353.69 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 198.25 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in North Macedonia?
- Interest payments in North Macedonia was 4.3% in 2023, 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 4.8% in 2017.
- What is the lowest interest payments recorded in North Macedonia?
- The lowest recorded value was 1.9% in 2009.
- How does North Macedonia rank for interest payments?
- North Macedonia ranks 97th out of 152 countries with data for 2023.
- Is interest payments rising or falling in North Macedonia?
- Over the last ten years it is up 32.2%. The long-run trend across the full record is rising.
- 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 (% of expense). Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.