Macedonia recorded a government debt equivalent to 40.70 percent of the country's Gross Domestic Product in 2018.

Government Debt to GDP in Macedonia averaged 35.91 percent from 1999 until 2018, 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 August of 2020.

Government Debt to GDP in Macedonia is expected to reach 43.10 percent by the end of 2020, 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 45.00 percent in 2021 and 47.00 percent in 2022, according to our econometric models.

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Macedonia Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
40.70 39.50 57.20 20.50 1999 - 2018 percent Yearly
NSA

Macedonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.70 39.50 57.20 20.50 percent [+]
Government Budget -1.80 -2.70 2.40 -13.40 percent of GDP [+]
Government Budget Value -7052.00 -6766.00 4291.00 -11373.00 MKD Million [+]
Government Spending 26898.00 28133.00 28133.00 11939.00 MKD Million [+]
Government Revenues 14052.00 12661.00 20711.00 6756.00 MKD Million [+]
Government Debt 4344.40 4302.30 4344.40 1387.00 EUR Million [+]
Fiscal Expenditure 21104.00 19427.00 26878.00 6855.00 MKD Million [+]
Military Expenditure 109.00 112.00 370.00 102.00 USD Million [+]
Credit Rating 45.00 [+]


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.