Macedonia recorded a government debt equivalent to 40.70 percent of the country's Gross Domestic Product in 2018. Macedonia Government Debt to GDP - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

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.

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, 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 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.