North Macedonia's PPG, private creditors (NFL, current US$) was −US$139.69 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 121.7% from US$643.81 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$139.69 million | 2024 |
| Five years earlier | −US$42.44 million | 2019 |
| Ten years earlier | US$643.81 million | 2014 |
| Highest | US$643.81 million | 2014 |
| Lowest | −US$199.5 million | 2006 |
| Average since 2015 | US$151.61 million | 2015–2024 |
| First recorded | −US$302,000 |
What the numbers say
In 2024, North Macedonia's PPG, private creditors (NFL, current US$) fell US$189.35 million on 2023 (from US$49.67 million to −US$139.69 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$1.67 million and a typical year strayed about US$249.33 million from that (the standard deviation). This year's change was 0.8 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$525.84 million in 2014 and the biggest yearly fall was US$512.07 million 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 10% 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 72nd highest value of the 95 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.
| Value | Year | |
|---|---|---|
| North Macedonia | −US$139.69 million | 2024 |
| Upper middle income | US$64.14 billion | 2024 |
Closest to North Macedonia in the 2024 ranking
- Cabo Verde — 69th of 95: −US$22.14 million
- Niger — 70th of 95: −US$23.21 million
- Uganda — 71st of 95: −US$80.77 million
- Turkmenistan — 73rd of 95: −US$160.3 million
- Ukraine — 74th of 95: −US$165.81 million
- Chad — 75th of 95: −US$173.12 million
What this measures
Public and publicly guaranteed debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 32 values
| Year | PPG, private creditors (NFL, current US$) |
|---|---|
| 2024 | -139,685,000 |
| 2023 | 49,665,000 |
| 2022 | 240,115,000 |
| 2021 | 206,636,000 |
| 2020 | 376,749,000 |
| 2019 | -42,442,000 |
| 2018 | 386,990,000 |
| 2017 | -63,533,000 |
| 2016 | 369,845,000 |
| 2015 | 131,747,000 |
| 2014 |
PPG, private creditors (NFL, current US$) in nearby economies
- Albania — −US$10.08 million (2024)
- Armenia — −US$4.45 million (2024)
- Azerbaijan — −US$2.06 billion (2024)
- Belarus — −US$4.48 million (2024)
- Bosnia and Herzegovina — −US$4.18 million (2024)
- Bulgaria — US$1.02 billion (2022)
- Georgia — −US$20.01 million (2024)
- Kazakhstan — −US$777.93 million (2024)
- Kosovo — −US$842,000 (2024)
- Moldova — −US$5.32 million (2024)
More economic policy & debt data for North Macedonia
- Adjusted savings, education expenditure (% of GNI) — 3.27% (2021)
- Adjusted savings, mineral depletion (current US$) — 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 $)
Reading data like this
Questions people ask
- What is North Macedonia's PPG, private creditors (NFL, current US$)?
- −US$139.69 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1993?
- It is down 46,153% from −US$302,000 in 1993. The highest value was US$643.81 million in 2014 and the lowest −US$199.5 million in 2006.
- How does North Macedonia rank?
- 72nd highest of 95 economies with data for 2024.
- Is the latest change in PPG, private creditors (NFL, current US$) unusual for North Macedonia?
- In 2024, North Macedonia's PPG, private creditors (NFL, current US$) fell US$189.35 million on 2023 (from US$49.67 million to −US$139.69 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$1.67 million and a typical year strayed about US$249.33 million from that (the standard deviation). This year's change was 0.8 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.NFL.PRVT.CD, 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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