Net incurrence of liabilities, total (% of GDP) in North Macedonia
North Macedonia: Net incurrence of liabilities, total (% of GDP) 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 (% of GDP) 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% |
North Macedonia compared with similar countries
- North Macedonia's 6.6% is above the median for upper middle income countries, which is 2.9%, 2.3× the median. (47 countries reporting)
- North Macedonia's 6.6% is above the median for Europe & Central Asia, which is 3.4%, 2.0× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) 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 | +972.7% | -0.3% | 2.7% |
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
- 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 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.