Share of government expenditure going to interest payments in North Macedonia

North Macedonia: Share of government expenditure going to interest payments was 4.29 in 2023. ▲ Rising

Latest (2023)
4.29
Change on year
up 23.5%
World rank
97th
of 152 countries
All-time high
4.85
in 2017
All-time low
1.88
in 2009
Years of data
19
2005–2023

Share of government expenditure going to interest payments in North Macedonia, 2005–2023

0123452005201420232005: 2.92006: 3.22007: 2.72008: 2.12009: 1.92010: 2.42011: 2.62012: 3.12013: 3.22014: 3.42015: 42016: 4.22017: 4.82018: 4.22019: 3.92020: 3.42021: 3.72022: 3.52023: 4.3

Source: Our World in Data.

Analysis

The most recent figure for share of government expenditure going to interest payments in North Macedonia is 4.29, measured in 2023.

The figure is up 23.5% on the previous year and up 32.2% over ten years.

Over the whole period, share of government expenditure going to interest payments in North Macedonia peaked at 4.85 in 2017 and was at its lowest, 1.88, in 2009.

North Macedonia ranks 97th of 152 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 19 years of available data.

Share of government expenditure going to interest payments in North Macedonia, year by year

Annual values for Share of government expenditure going to interest payments in North Macedonia, 2005 to 2023.
Year Value Change
2005 2.94
2006 3.17 +7.9%
2007 2.67 -15.8%
2008 2.09 -21.9%
2009 1.88 -9.9%
2010 2.41 +28.2%
2011 2.58 +6.9%
2012 3.08 +19.2%
2013 3.25 +5.6%
2014 3.4 +4.7%
2015 4.01 +18.0%
2016 4.16 +3.6%
2017 4.85 +16.6%
2018 4.18 -13.8%
2019 3.94 -5.8%
2020 3.44 -12.8%
2021 3.74 +8.8%
2022 3.48 -6.9%
2023 4.29 +23.5%

Averages by decade

DecadeAverage LowestHighest Years
2000s 2.55 1.88 3.17 5
2010s 3.59 2.41 4.85 10
2020s 3.74 3.44 4.29 4

Countries ranked near North Macedonia

  1. 94 Ecuador 4.74 compare
  2. 95 South Korea 4.43 compare
  3. 96 Chile 4.32 compare
  4. 98 Croatia 4.18 compare
  5. 99 Nepal 4.11 compare
  6. 100 Botswana 4.04 compare

See the full ranking of 152 places →

More reference data data for North Macedonia

All data for North Macedonia →

Frequently asked questions

What is share of government expenditure going to interest payments in North Macedonia?
Share of government expenditure going to interest payments in North Macedonia was 4.29 in 2023, according to Our World in Data.
What is the highest share of government expenditure going to interest payments recorded in North Macedonia?
The highest recorded value was 4.85 in 2017.
What is the lowest share of government expenditure going to interest payments recorded in North Macedonia?
The lowest recorded value was 1.88 in 2009.
How does North Macedonia rank for share of government expenditure going to interest payments?
North Macedonia ranks 97th out of 152 countries with data for 2023.
Is share of government expenditure going to interest payments rising or falling in North Macedonia?
Over the last ten years it is up 32.2%. The long-run trend across the full record is rising.
Where does this North Macedonia data come from?
The figures come from Our World in Data, published as part of Share of government expenditure going to interest payments. Statizoid updates them automatically from the source API.

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Share of government expenditure going to interest payments in North Macedonia. Statizoid, drawing on Our World in Data. Retrieved 28 August 2026, from https://reference.statizoid.com/stat/share-of-government-expenditure-going-to-interest-payments/north-macedonia/

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About this data

Indicator
Share of government expenditure going to interest payments
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
152 places, 4,278 data points, 1972–2024
Last refreshed