Macedonia: External debt
(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series
Macedonia: External debt, percent of Gross National Income: For that indicator, The World Bank provides data for Macedonia from 1993 to 2017. The average value for Macedonia during that period was 50.17 percent with a minumum of 28.96 percent in 1995 and a maximum of 78.87 percent in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time.
The external debt of Macedonia and other countries is reported as the total international obligations of the country as percent of its GDP. External debt of less than 60 percent of GDP is not a problem. At higher levels, paying the interest on the debt may start to become difficult.
Definition: Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.