Macedonia recorded a Government Debt to GDP of 51.20 percent of the country's Gross Domestic Product in 2020. source: Ministry of Finance, Republic of Macedonia

Government Debt to GDP in Macedonia averaged 36.80 percent of GDP from 1999 until 2020, reaching an all time high of 57.20 percent of GDP in 2000 and a record low of 20.50 percent of GDP 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 October of 2021.

Government Debt to GDP in Macedonia is expected to reach 53.70 percent of GDP 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 of GDP in 2022 and 55.50 percent of GDP in 2023, according to our econometric models.

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Macedonia Government Debt to GDP


Macedonia Last Unit Reference Previous Highest Lowest
Government Debt to GDP 51.20 percent of GDP Dec/20 40.70 57.20 20.50
Government Debt 6411.00 EUR Million Mar/21 5516.00 6411.00 1387.00


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.