Net incurrence of liabilities, total (current LCU) in North Macedonia
North Macedonia: Net incurrence of liabilities, total (current LCU) was 63.88 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in North Macedonia, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, net incurrence of liabilities, total in North Macedonia stood at 63.88 billion current LCU.
The figure is up 43.1% on the previous year and up 64.1% over ten years.
Over the whole period, net incurrence of liabilities, total in North Macedonia peaked at 67.48 billion current LCU in 2020 and was at its lowest, -18.93 billion current LCU, in 2007.
North Macedonia ranks 66th of 136 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (current LCU) in North Macedonia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 7.59 billion current LCU | — |
| 2006 | -13.76 billion current LCU | -281.5% |
| 2007 | -18.93 billion current LCU | +37.6% |
| 2008 | -1.27 billion current LCU | -93.3% |
| 2009 | 11.09 billion current LCU | -972.2% |
| 2010 | 7.11 billion current LCU | -35.9% |
| 2011 | 18.52 billion current LCU | +160.4% |
| 2012 | 29.88 billion current LCU | +61.3% |
| 2013 | 19.33 billion current LCU | -35.3% |
| 2014 | 38.94 billion current LCU | +101.5% |
| 2015 | 9.99 billion current LCU | -74.4% |
| 2016 | 22.63 billion current LCU | +126.7% |
| 2017 | 8.08 billion current LCU | -64.3% |
| 2018 | 21.92 billion current LCU | +171.3% |
| 2019 | 14.51 billion current LCU | -33.8% |
| 2020 | 67.48 billion current LCU | +365.1% |
| 2021 | 43.28 billion current LCU | -35.9% |
| 2022 | 29.49 billion current LCU | -31.9% |
| 2023 | 44.65 billion current LCU | +51.4% |
| 2024 | 63.88 billion current LCU | +43.1% |
North Macedonia compared with similar countries
- North Macedonia's 63.88 billion current LCU is above the median for upper middle income countries, which is 48.87 billion current LCU, 1.3× the median. (47 countries reporting)
- North Macedonia's 63.88 billion current LCU is above the median for Europe & Central Asia, which is 14.60 billion current LCU, 4.4× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (current LCU) 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 |
|---|---|---|---|
| 2009 | +972.2% | -1.27 billion current LCU | 11.09 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.06 billion current LCU | -18.93 billion current LCU | 11.09 billion current LCU | 5 |
| 2010s | 19.09 billion current LCU | 7.11 billion current LCU | 38.94 billion current LCU | 10 |
| 2020s | 49.76 billion current LCU | 29.49 billion current LCU | 67.48 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)
- 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 net incurrence of liabilities, total in North Macedonia?
- Net incurrence of liabilities, total in North Macedonia was 63.88 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in North Macedonia?
- The highest recorded value was 67.48 billion current LCU in 2020.
- What is the lowest net incurrence of liabilities, total recorded in North Macedonia?
- The lowest recorded value was -18.93 billion current LCU in 2007.
- How does North Macedonia rank for net incurrence of liabilities, total?
- North Macedonia ranks 66th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in North Macedonia?
- Over the last ten years it is up 64.1%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.