Budget balance — all countries

Budget balance — North Macedonia

Budget balance in North Macedonia in 2031 — -3%. Ranked 117 in the world out of 188. Since 1997, the indicator has fallen by 2.6 pp.

2031 -3% +0 pp vs 2030
World rank 117of 188
Period maximum 2.4%2000
Period minimum -8%2020

Trend over time

1997–2031 · % of GDP

Budget balance — North Macedonia, 1997–2031-10-50519972001200520092013201720212025202920311997: -0.4%1998: -1.6%1999: 0%2000: 2.4%2001: -5.9%2002: -5.2%2003: -0.1%2004: 0.4%2005: 0.2%2006: -0.5%2007: 0.6%2008: -0.9%2009: -2.6%2010: -2.4%2011: -2.5%2012: -3.8%2013: -3.8%2014: -4.2%2015: -3.5%2016: -2.7%2017: -2.7%2018: -1.8%2019: -2%2020: -8%2021: -5.3%2022: -5.2%2023: -4.6%2024: -4.4%2025: -4%2026: -4.2%2027: -3.9%2028: -3.6%2029: -3.3%2030: -3%2031: -3%
Change over the period: −2.6 pp Annual average: -0.08 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: North Macedonia

North Macedonia -3%
World computed -4.85%
Europe & Central Asia computed -2.49%
Southern Europe computed -2.33%
Budget balance — North Macedonia, by year North Macedonia All countries CSV XLSX
Year % Change, pp
2031 -3 +0 pp
2030 -3 +0.3 pp
2029 -3.3 +0.3 pp
2028 -3.6 +0.3 pp
2027 -3.9 +0.3 pp
2026 -4.2 −0.2 pp
2025 -4 +0.4 pp
2024 -4.4 +0.2 pp
2023 -4.6 +0.6 pp
2022 -5.2 +0.1 pp
2021 -5.3 +2.7 pp
2020 -8 −6 pp
2019 -2 −0.2 pp
2018 -1.8 +0.9 pp
2017 -2.7 +0 pp
2016 -2.7 +0.8 pp
2015 -3.5 +0.7 pp
2014 -4.2 −0.4 pp
2013 -3.8 +0 pp
2012 -3.8 −1.3 pp
2011 -2.5 −0.1 pp
2010 -2.4 +0.2 pp
2009 -2.6 −1.7 pp
2008 -0.9 −1.5 pp
2007 0.6 +1.1 pp
2006 -0.5 −0.7 pp
2005 0.2 −0.2 pp
2004 0.4 +0.5 pp
2003 -0.1 +5.1 pp
2002 -5.2 +0.7 pp
2001 -5.9 −8.3 pp
2000 2.4 +2.4 pp
1999 0 +1.6 pp
1998 -1.6 −1.2 pp
1997 -0.4

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.