Interest payments in North Macedonia
North Macedonia: Interest payments was 5.9% in 2024. ▲ Rising
Interest payments in North Macedonia, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
North Macedonia recorded 5.9% for interest payments in 2024. That is the highest value across all 20 years on record.
That represents a change of up 24.8% on the previous year and up 63.1% over ten years.
Over the whole period, interest payments in North Macedonia peaked at 5.9% in 2024 and was at its lowest, 1.9%, in 2009.
That places North Macedonia 81st out of 155 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Interest payments in North Macedonia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2005 | 2.6% | — |
| 2006 | 3.0% | +16.2% |
| 2007 | 2.4% | -18.2% |
| 2008 | 2.0% | -19.8% |
| 2009 | 1.9% | -2.0% |
| 2010 | 2.5% | +28.9% |
| 2011 | 2.6% | +5.5% |
| 2012 | 3.2% | +21.0% |
| 2013 | 3.4% | +7.9% |
| 2014 | 3.6% | +6.2% |
| 2015 | 4.2% | +14.9% |
| 2016 | 4.3% | +2.8% |
| 2017 | 4.9% | +14.8% |
| 2018 | 4.3% | -13.1% |
| 2019 | 4.1% | -5.0% |
| 2020 | 4.3% | +5.5% |
| 2021 | 4.2% | -1.7% |
| 2022 | 3.8% | -9.3% |
| 2023 | 4.7% | +24.3% |
| 2024 | 5.9% | +24.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.4% | 1.9% | 3.0% | 5 |
| 2010s | 3.7% | 2.5% | 4.9% | 10 |
| 2020s | 4.6% | 3.8% | 5.9% | 5 |
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 5.9% 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 5.9% in 2024.
- 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 81st 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 63.1%. 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 revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.