North Macedonia: Multilateral debt service (% of public and publicly guaranteed debt service)

Key figures

What the numbers say

In 2024, North Macedonia's multilateral debt service (% of public and publicly guaranteed debt service) rose 22.45 percentage points on 2023 (from 25.29% to 47.74%).

Across the 30 yearly changes before that (1994 to 2023), the average change was −2.34 percentage points and a typical year strayed about 17.66 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 41.57 percentage points in 2007 and the biggest yearly fall was 28.33 percentage points in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, North Macedonia had the 47th highest value of the 119 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to North Macedonia in the 2024 ranking

• Papua New Guinea — 43rd of 119: 51.98%
• Sudan — 44th of 119: 51.16%
• Cabo Verde — 45th of 119: 50.85%
• Djibouti — 47th of 119: 47.23%
• Guinea-Bissau — 48th of 119: 47.2%
• Tajikistan — 49th of 119: 47.17%

What this measures

Multilateral debt service is the repayment of principal and interest to the World Bank, regional development banks, and other multilateral agencies. public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 32 values

Multilateral debt service (% of public and publicly guaranteed debt service) in nearby economies

• Albania — 64.12% (2024)
• Armenia — 58.68% (2024)
• Azerbaijan — 25.5% (2024)
• Belarus — 13.37% (2024)
• Bosnia and Herzegovina — 78.41% (2024)
• Bulgaria — 14.89% (2024)
• Georgia — 68.73% (2024)
• Kazakhstan — 30.5% (2024)

More economic policy & debt data for North Macedonia

• Adjusted savings, education expenditure (% of GNI) — 3.27% (2021)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• General government final consumption expenditure (current US$) — US$3.13 billion (2025)
• General government final consumption expenditure (current LCU) — 171.08 billion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$1.83 billion (2025)
• General government final consumption expenditure (constant LCU) — 69.05 billion (2025)
• General government final consumption expenditure (% of GDP) — 16.39% (2025)
• Households and NPISHs Final consumption expenditure per capita, PPP (constant 2021 international $)

Reading data like this

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Questions people ask

What is North Macedonia's multilateral debt service (% of public and publicly guaranteed debt service)?

47.74% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is down 47.64 percentage points from 95.39% in 1993. The highest value was 99.99% in 1994 and the lowest 16.5% in 2006.

How does North Macedonia rank?

47th highest of 119 economies with data for 2024.

Is the latest change in multilateral debt service (% of public and publicly guaranteed debt service) unusual for North Macedonia?

In 2024, North Macedonia's multilateral debt service (% of public and publicly guaranteed debt service) rose 22.45 percentage points on 2023 (from 25.29% to 47.74%). Across the 30 yearly changes before that (1994 to 2023), the average change was −2.34 percentage points and a typical year strayed about 17.66 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator DT.TDS.MLAT.PG.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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