Net incurrence of liabilities, total in North Macedonia
North Macedonia: Net incurrence of liabilities, total was 63.88 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in North Macedonia, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, net incurrence of liabilities, total in North Macedonia stood at 63.88 billion current LCU.
The figure is up 43.1% on the previous year and up 64.1% over ten years.
Over the whole period, net incurrence of liabilities, total in North Macedonia peaked at 67.48 billion current LCU in 2020 and was at its lowest, -18.93 billion current LCU, in 2007.
North Macedonia ranks 66th of 136 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.06 billion current LCU | -18.93 billion current LCU | 11.09 billion current LCU | 5 |
| 2010s | 19.09 billion current LCU | 7.11 billion current LCU | 38.94 billion current LCU | 10 |
| 2020s | 49.76 billion current LCU | 29.49 billion current LCU | 67.48 billion current LCU | 5 |
Countries ranked near North Macedonia
More public sector data for North Macedonia
- Arms imports 1.00 million SIPRI trend indicator values (2024)
- Tax revenue 18.8% (2024)
- Taxes on income, profits and capital gains 17.3% (2024)
- Taxes on goods and services 38.3% (2024)
- Net investment in nonfinancial assets 1.5% (2024)
- Net lending (+) / net borrowing (-) -4.3% (2024)
- Interest payments 5.9% (2024)
- Grants and other revenue 6.2% (2024)
- Interest payments 4.3% (2023)
- Other taxes 0.2% (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in North Macedonia?
- Net incurrence of liabilities, total in North Macedonia was 63.88 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in North Macedonia?
- The highest recorded value was 67.48 billion current LCU in 2020.
- What is the lowest net incurrence of liabilities, total recorded in North Macedonia?
- The lowest recorded value was -18.93 billion current LCU in 2007.
- How does North Macedonia rank for net incurrence of liabilities, total?
- North Macedonia ranks 66th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in North Macedonia?
- Over the last ten years it is up 64.1%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.