North Macedonia: Short-term debt to reserves
* indicates monthly or quarterly data series
| North Macedonia |
Short-term external debt, percent of international reserves |
|---|---|
| Latest value | 62.96 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1993 - 2023 |
| Average | 56.69 |
| Min - Max | 5.41 - 103.23 |
| Source | The World Bank |
The latest value from 2023 is 62.96 percent, a decline from 75.56 percent in 2022. In comparison, the world average is 77.28 percent, based on data from 83 countries. Historically, the average for North Macedonia from 1993 to 2023 is 56.69 percent. The minimum value, 5.41 percent, was reached in 2003 while the maximum of 103.23 percent was recorded in 1993.
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Definition: Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 87.86 | 2021 | percent |
| Trade openness | 148.67 | 2023 | percent |
| Financial openness | -0.042 | 2021 | index points |
| Exports, percent of GDP | 67.82 | 2023 | percent |
| Exports, billion dollars | 10.69 | 2023 | billion U.S. dollars |
| Growth of exports | -0.13 | 2023 | percent |
| Imports, percent of GDP | 86.31 | 2023 | percent |
| Imports, billion dollars | 12.75 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 4.76 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.64 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | -0.38 | 2023 | million dollars (current) |
| Current account, percent of GDP | -6.74 | 2022 | percent |
| Current account, in dollars | 0.06 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -13.51 | 2023 | percent |
| Trade balance, in dollars | -2.06 | 2023 | billion U.S. dollars |
| Reserves | 5.01 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 3.13 | 2023 | percent |
| Remittances | 462.42 | 2023 | million U.S. dollars |
| Net errors and omissions | 52.03 | 2023 | million USD |
| External debt | 89.26 | 2022 | percent |
| Short-term external debt | 25.03 | 2023 | percent |
| Short-term debt to reserves | 62.96 | 2023 | percent |
| Foreign exchange reserves | 4.79 | 3/2025 | billion |