Government Debt to GDP in Macedonia increased to 40.70 percent in 2019 from 40.40 percent in 2018. source: Ministry of Finance, Republic of Macedonia

Government Debt to GDP in Macedonia averaged 36.11 percent from 1999 until 2019, reaching an all time high of 57.20 percent in 2000 and a record low of 20.50 percent in 2008. This page provides - Macedonia Government Debt to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Government Debt to GDP - values, historical data and charts - was last updated on July of 2021.

Government Debt to GDP in Macedonia is expected to reach 53.70 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Government Debt to GDP is projected to trend around 55.00 percent in 2022 and 55.50 percent in 2023, according to our econometric models.

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Macedonia Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
40.70 40.40 57.20 20.50 1999 - 2019 percent of GDP Yearly

Macedonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.70 40.40 57.20 20.50 percent of GDP [+]
Government Budget -2.00 -1.70 2.40 -13.40 percent of GDP [+]
Government Budget Value -5032.00 35.00 4291.00 -13809.00 MKD Million [+]
Government Spending 27247.00 28968.00 28968.00 11939.00 MKD Million [+]
Government Revenues 15735.00 19294.00 20711.00 6756.00 MKD Million [+]
Government Debt 5516.00 5573.10 5573.10 1387.00 EUR Million [+]
Fiscal Expenditure 20767.00 19259.00 33465.00 6855.00 MKD Million [+]
Credit Rating 45.00 [+]
Military Expenditure 154.00 146.00 378.00 103.00 USD Million [+]

Macedonia Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.