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Economy of Afghanistan vs North Macedonia compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $17B for North Macedonia, ranking 137/197 and 138/197 by economy size, respectively.

Afghanistan has $1.44B in government debt (8.8% of GDP), compared to $9.3B (54.8% of GDP) in North Macedonia.

Afghanistan vs North Macedonia GDP by year

Afghanistan
North Macedonia
1x
Year GDP, current $
Afghanistan North Macedonia
2024 - $16,951,682,245
2023 $17,152,234,637 $15,855,131,189
2022 $14,497,243,872 $13,932,436,550
2021 $14,259,995,441 $14,000,283,827
2020 $19,955,929,052 $12,361,036,914
2019 $18,799,444,490 $12,606,338,449
2018 $18,053,222,687 $12,683,068,114
2017 $18,753,456,498 $11,307,067,070
2016 $18,116,572,395 $10,672,467,073
2015 $19,134,221,645 $10,064,519,963
2014 $20,497,128,556 $11,362,265,253
2013 $20,146,416,758 $10,817,702,346
2012 $19,907,329,778 $9,745,261,301
2011 $17,805,098,206 $10,494,626,768
2010 $15,856,668,556 $9,407,170,321
2009 $12,416,152,732 $9,401,736,825
2008 $10,109,297,048 $9,909,552,435
2007 $9,747,886,187 $8,336,474,974
2006 $6,971,758,282 $6,861,226,972
2005 $6,203,256,539 $6,258,602,873
2004 $5,224,896,719 $5,682,784,472
2003 $4,520,946,819 $4,946,296,599
2002 $3,825,701,439 $4,018,365,747
2001 $2,813,571,754 $3,709,636,031
2000 $3,521,418,060 $3,772,859,034
1999 - $3,863,619,285
1998 - $3,765,745,023
1997 - $3,912,986,091
1996 - $4,642,021,256
1995 - $4,707,041,315
1994 - $3,559,608,640
1993 - $2,682,456,897
1992 - $2,436,849,342
1991 - $4,938,775,510
1990 - $4,699,646,643

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/north-macedonia | CC BY

GDP per capita in Afghanistan vs North Macedonia by year

Afghanistan
GDP per capita

GDP per capita, PPP
North Macedonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Afghanistan North Macedonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $9,292 $26,995
2023 $414 $2,202 $8,674 $25,354
2022 $357 $2,123 $7,606 $24,212
2021 $356 $2,144 $7,621 $22,144
2020 $511 $2,562 $6,660 $19,962
2019 $497 $2,583 $6,719 $20,223
2018 $491 $2,432 $6,714 $18,460
2017 $525 $2,336 $5,955 $17,161
2016 $522 $2,213 $5,598 $16,458
2015 $566 $2,284 $5,263 $15,034
2014 $625 $2,224 $5,925 $14,485
2013 $637 $2,133 $5,626 $13,663
2012 $651 $1,988 $5,050 $12,726
2011 $607 $1,744 $5,417 $12,421
2010 $561 $1,766 $4,833 $11,992
2009 $452 $1,571 $4,800 $11,532
2008 $382 $1,334 $5,026 $10,924
2007 $376 $1,287 $4,204 $9,639
2006 $274.2 $1,122 $3,440 $8,888
2005 $254.2 $1,076 $3,121 $7,972
2004 $221.8 $972 $2,819 $7,229
2003 $198.9 $967 $2,445 $6,608
2002 $179 $927 $1,989 $6,395
2001 $138.7 $748 $1,823 $6,051
2000 $174.9 $814 $1,862 $6,154
1999 - - $1,915 $5,724
1998 - - $1,876 $5,448
1997 - - $1,960 $5,227
1996 - - $2,307 $5,026
1995 - - $2,355 $4,912
1994 - - $1,786 $4,880
1993 - - $1,337 $4,829
1992 - - $1,199 $5,033
1991 - - $2,402 $5,207
1990 - - $2,277 $5,348

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/north-macedonia | CC BY

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $9,292 in North Macedonia, ranking 88/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while North Macedonia ranks 78th at $26,995.

Economic indicators

Afghanistan North Macedonia
Gross domestic product
$17.2B
2023
$17B
2024
GDP rank
137/197
2023
138/197
2024
GDP growth
2.27%
2022-2023
2.99%
2023-2024
GDP per capita
$414
2023
$9,292
2024
GDP per capita rank
196/197
2023
88/197
2024
GDP per capita, PPP
$2,202
2023
$26,995
2024
GDP per capita PPP rank
184/197
2023
78/197
2024
Government debt
$1.44B
2023
$9.3B
2024
Debt-to-GDP ratio
8.8%
2024
54.8%
2024
Government debt per person
$34.8
2023
$5,095
2024
Government debt per person rank
185/185
2023
77/185
2024
Average annual personal income after taxes
$1,869
2026
$7,534
2026
Income share by richest 10% n/a
22.9%
2019
Income share by poorest 10% n/a
1.9%
2019
Government expenditure, % of GDP
19.4%
2024
36.7%
2024
Consumer prices inflation
-4.3%
2023-2024
3.5%
2023-2024
Central bank interest rate
6%
2021
5.35%
2025
Unemployment rate
5.68%
2021
12.3%
2024
Population
45409324
1805954

Spending and national debt comparison by year

Afghanistan
Spending

Debt
North Macedonia
Spending

Debt
1x
Year % of GDP
Afghanistan North Macedonia
Government spending Government debt Government spending Government debt
2024 19.4% 8.8% 36.7% 54.8%
2023 17% 8.42% 35.5% 50.8%
2022 16.1% 10.8% 35% 50.4%
2021 17.9% 11.2% 35.3% 52.7%
2020 27.9% 7.33% 36.4% 50.8%
2019 28% 6.14% 31.4% 40.4%
2018 28.9% 7.38% 30.3% 40.4%
2017 27.7% 8% 31.8% 39.4%
2016 28% 8.44% 31.1% 39.7%
2015 25.9% 9.15% 32.2% 38%
2014 25.4% 8.7% 31.7% 38%
2013 25% 6.92% 31.7% 34%
2012 25% 6.77% 33.3% 33.7%
2011 21.9% 7.52% 31.9% 27.7%
2010 20.8% 7.71% 32.5% 24.3%
2009 21.2% 16.2% 33.6% 23.7%
2008 20.9% 19.1% 33.8% 20.6%
2007 21.4% 20.1% 31.4% 23.5%
2006 18.3% 23% 31.5% 30.6%
2005 15.7% 206.4% 32.5% 36.7%
2004 15.1% 245% 34.1% 34.6%
2003 11.9% 270.6% 36% 36.5%
2002 6.94% 346% 38.2% 40.5%
2001 - - 37.4% 45.2%
2000 - - 32% 45.6%
1999 - - 33.2% 30.4%
1998 - - 32.8% 33.1%
1997 - - 32.9% 29.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1997–1998, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/north-macedonia | CC BY

In 2024, Afghanistan's government spending was $2.91B, accounting for 19.4% of its GDP, while North Macedonia spent $6.23B, or 36.7% of GDP.

Debt-to-GDP ratio is 8.8% in Afghanistan and 54.8% in North Macedonia, ranking 181/185 and 96/185, respectively.

Government deficit by year

Deficit/surplus
Afghanistan

North Macedonia
1x
Year Deficit/surplus, % of GDP
Afghanistan North Macedonia
2024 -0.54% -4.45%
2023 -1.33% -4.61%
2022 -1% -5.23%
2021 -0.48% -5.32%
2020 -2.24% -8.05%
2019 -1.06% -1.97%
2018 1.63% -1.76%
2017 -0.67% -2.73%
2016 0.13% -2.7%
2015 -1.38% -3.48%
2014 -1.72% -4.19%
2013 -0.63% -3.84%
2012 0.18% -3.81%
2011 -0.67% -2.47%
2010 0.93% -2.41%
2009 -1.76% -2.63%
2008 -3.86% -0.93%
2007 -2.46% 0.58%
2006 0.68% -0.51%
2005 -0.92% 0.21%
2004 -2.39% 0.37%
2003 -2.1% -0.07%
2002 -0.1% -5.24%
2001 - -5.88%
2000 - 2.37%
1999 - 0.03%
1998 - -1.63%
1997 - -0.36%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/north-macedonia | CC BY

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was $228M, equivalent to 1.33% of GDP. This compares to North Macedonia's deficit of $732M, or 4.61% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while North Macedonia ran a deficit in 19 years. On average, Afghanistan posted an annual deficit equal to 0.96% of GDP, compared to deficit of 2.76% of GDP for North Macedonia.

Inflation comparison by year

Inflation
Afghanistan

North Macedonia
1x
Year Consumer prices inflation
Afghanistan North Macedonia
2024 -4.3% 3.5%
2023 -7.7% 9.4%
2022 10.6% 14.2%
2021 7.8% 3.2%
2020 5.6% 1.2%
2019 2.3% 0.8%
2018 0.6% 1.5%
2017 5% 1.4%
2016 4.4% -0.2%
2015 -0.7% -0.3%
2014 4.7% -0.3%
2013 7.4% 2.8%
2012 6.4% 3.3%
2011 11.8% 3.9%
2010 2.2% 1.5%
2009 -6.8% -0.7%
2008 26.4% 8.3%
2007 8.7% 2.3%
2006 6.8% 3.2%
2005 10.6% 0.5%
2004 16.4% -0.4%
2003 35.7% 0.9%
2002 - 1.1%
2001 - 5.2%
2000 - 6.6%
1999 - -1.3%
1998 - 0.5%
1997 - 1.3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/north-macedonia | CC BY

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 2.73% in North Macedonia. In 2024, inflation was -4.3% in Afghanistan and 3.5% in North Macedonia.

Top exports between countries

Afghanistan
Export category Export value
North Macedonia
Export category Export value
Machinery & equipment $71K
Chemicals & pharma $1K

Balance of trade

Afghanistan North Macedonia
Current account balance
-$3.14B
2020
-$356M
2024
Current account balance ranking
159/190
2020
102/190
2024
Current account balance, % of GDP
-15.7%
2020
-2.1%
2024
Goods imports
$5.88B
2020
$10.6B
2024
Goods exports
$777M
2020
$7.3B
2024
Service imports
$1.11B
2020
$2.01B
2024
Service exports
$700M
2020
$3.16B
2024
Imports of goods and services, % of GDP
50.7%
2023
74.6%
2024
Exports of goods and services, % of GDP
16.9%
2023
61.7%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan North Macedonia
Economic freedom 53 63.3
Economic freedom ranking 142/197 81/197
Property rights 3.6 56.2
Government integrity 13.5 43.2
Judicial effectiveness 0 49.5
Tax burden 92 94.9
Government spending 90.8 61.7
Fiscal health 98.4 57.7
Business freedom 33.7 72.2
Labor freedom 44.4 51.4
Monetary freedom 84.9 69.6
Trade freedom 68.6 77.8
Investment freedom 10 65
Financial freedom 10 60

Economic freedom comparison by year

Afghanistan
North Macedonia
1x
Year Economic freedom index
Afghanistan North Macedonia
2026 - 63.3
2025 - 63.2
2024 - 61.4
2023 - 63.7
2022 - 65.7
2021 53 68.6
2020 54.7 69.5
2019 51.5 71.1
2018 51.3 71.3
2017 48.9 70.7
2016 - 67.5
2015 - 67.1
2014 - 68.6
2013 - 68.2
2012 - 68.5
2011 - 66
2010 - 65.7
2009 - 61.2
2008 - 61.1
2007 - 60.6
2006 - 59.2
2005 - 56.1
2004 - 56.8
2003 - 60.1
2002 - 58

Data sources: The Heritage Foundation | Economic Freedom Index (2002–2026, retrieved 2026-03-09).

GeoRank.org/economy/afghanistan/north-macedonia | CC BY

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 63.3 for North Macedonia, ranking 81/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Afghanistan North Macedonia
Services, % of GDP
46.4%
2023
56.2%
2024
Industry, % of GDP
13.4%
2023
24.1%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
6.08%
2024
GNI, Atlas method
$15.5B
2023
$15.1B
2024
GNI per capita, PPP
$2,210
2023
$25,610
2024
Total reserves including gold
$9.75B
2020
$5.25B
2024
Total reserves ranking
78/177
2020
97/177
2024
Net foreign direct investment
$24.3M
2020
-$1.12B
2024
Net inflows of foreign direct investment
$0
2024
$1.06B
2024
Net outflows of foreign direct investment
$0
2024
-$64.9M
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
9.59%
2024
Poverty at national poverty lines
47.1%
2019
22.2%
2022
Gross capital formation, % of GDP
15.3%
2023
30.6%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/afghanistan/north-macedonia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (2002–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1997–1998, retrieved 2026-02-20)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.