Net incurrence of liabilities, total in North Macedonia
North Macedonia: Net incurrence of liabilities, total was 6.6% 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 % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in North Macedonia is 6.6%, measured in 2024.
That represents a change of up 34.0% on the previous year and down 10.2% over ten years.
Over the whole period, net incurrence of liabilities, total in North Macedonia peaked at 10.1% in 2020 and was at its lowest, -5.1%, in 2007.
That places North Macedonia 23rd out of 136 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in North Macedonia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 2.5% | — |
| 2006 | -4.1% | -267.2% |
| 2007 | -5.1% | +23.5% |
| 2008 | -0.3% | -94.0% |
| 2009 | 2.7% | -972.7% |
| 2010 | 1.6% | -39.2% |
| 2011 | 4.0% | +145.3% |
| 2012 | 6.4% | +60.4% |
| 2013 | 3.9% | -39.8% |
| 2014 | 7.4% | +91.6% |
| 2015 | 1.8% | -75.8% |
| 2016 | 3.8% | +113.0% |
| 2017 | 1.3% | -65.6% |
| 2018 | 3.3% | +153.7% |
| 2019 | 2.1% | -36.8% |
| 2020 | 10.1% | +381.4% |
| 2021 | 5.9% | -41.2% |
| 2022 | 3.6% | -39.1% |
| 2023 | 4.9% | +36.9% |
| 2024 | 6.6% | +34.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.9% | -5.1% | 2.7% | 5 |
| 2010s | 3.6% | 1.3% | 7.4% | 10 |
| 2020s | 6.2% | 3.6% | 10.1% | 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 net incurrence of liabilities, total in North Macedonia?
- Net incurrence of liabilities, total in North Macedonia was 6.6% 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 10.1% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in North Macedonia?
- The lowest recorded value was -5.1% in 2007.
- How does North Macedonia rank for net incurrence of liabilities, total?
- North Macedonia ranks 23rd 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 down 10.2%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.