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Economy of Central African Republic vs North Macedonia compared: GDP & Debt

Updated on by Georank team

The Central African Republic has a GDP of $2.75B compared to $16.7B for North Macedonia, ranking 171/197 and 138/197 by economy size, respectively.

The Central African Republic has $1.67B in government debt (58.3% of GDP), compared to $9.15B (52.9% of GDP) in North Macedonia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Central African Republic
GDP, current $

GDP, constant 2015 $
North Macedonia
GDP, current $

GDP, constant 2015 $
Year GDP
CAR North Macedonia
Current $ Constant $ Current $ Constant $
1960 $112,155,598 $980,371,514 - -
1961 $123,134,583 $1,028,934,744 - -
1962 $124,482,774 $990,722,164 - -
1963 $129,379,124 $983,717,651 - -
1964 $142,025,079 $1,004,182,172 - -
1965 $150,574,795 $1,013,697,588 - -
1966 $157,930,018 $1,020,233,745 - -
1967 $163,820,514 $1,067,946,130 - -
1968 $191,767,442 $1,082,941,303 - -
1969 $188,039,210 $1,159,738,546 - -
1970 $189,106,529 $1,186,793,864 - -
1971 $201,450,800 $1,200,207,037 - -
1972 $230,317,883 $1,200,196,629 - -
1973 $271,183,082 $1,222,867,623 - -
1974 $281,398,706 $1,300,385,612 - -
1975 $378,660,016 $1,305,652,006 - -
1976 $451,152,461 $1,376,581,800 - -
1977 $507,298,148 $1,428,977,737 - -
1978 $610,578,632 $1,446,257,442 - -
1979 $700,764,748 $1,410,605,203 - -
1980 $797,048,199 $1,347,429,290 - -
1981 $694,803,623 $1,326,618,708 - -
1982 $748,312,391 $1,428,977,737 - -
1983 $658,679,333 $1,312,851,667 - -
1984 $637,820,670 $1,437,332,673 - -
1985 $864,849,836 $1,493,779,883 - -
1986 $1,122,265,013 $1,547,227,017 - -
1987 $1,200,991,978 $1,470,809,662 - -
1988 $1,264,899,288 $1,495,962,938 - -
1989 $1,233,930,281 $1,525,542,171 - -
1990 $1,440,711,459 $1,492,780,725 $4,699,646,643 $7,293,742,777
1991 $1,377,374,987 $1,484,532,469 $4,938,775,510 $6,843,662,858
1992 $1,411,917,553 $1,389,164,943 $2,436,849,342 $6,394,362,794
1993 $1,278,781,262 $1,393,822,475 $2,682,456,897 $5,916,750,488
1994 $851,174,357 $1,462,119,071 $3,559,608,640 $5,812,724,182
1995 $1,115,389,674 $1,567,392,310 $4,707,041,315 $5,747,928,136
1996 $1,007,791,127 $1,504,695,161 $4,642,021,256 $5,816,047,056
1997 $937,741,513 $1,584,443,042 $3,912,986,091 $5,899,797,048
1998 $967,338,390 $1,658,914,120 $3,765,745,023 $6,099,135,594
1999 $999,477,511 $1,718,634,612 $3,863,619,285 $6,363,778,789
2000 $916,777,283 $1,675,850,365 $3,772,859,034 $6,653,275,728
2001 $932,648,605 $1,750,672,710 $3,709,636,031 $6,449,202,687
2002 $996,068,145 $1,813,986,527 $4,018,365,747 $6,545,532,201
2003 $1,142,315,523 $1,716,076,873 $4,946,296,599 $6,691,013,308
2004 $1,272,360,517 $1,818,953,694 $5,682,784,472 $7,003,757,264
2005 $1,337,894,379 $1,835,473,623 $6,258,602,873 $7,334,620,965
2006 $1,461,859,762 $1,923,045,638 $6,861,226,972 $7,711,402,290
2007 $1,699,811,295 $2,011,650,636 $8,336,474,974 $8,210,598,903
2008 $1,993,407,888 $2,052,972,574 $9,909,552,435 $8,659,882,990
2009 $2,067,381,665 $2,229,266,676 $9,401,736,825 $8,628,827,363
2010 $2,142,591,540 $2,332,499,968 $9,407,170,321 $8,918,648,176
2011 $2,437,982,705 $2,430,339,369 $10,494,626,768 $9,127,334,380
2012 $2,510,126,512 $2,553,162,919 $9,745,261,301 $9,085,697,011
2013 $1,691,544,110 $1,624,016,454 $10,817,702,346 $9,351,477,060
2014 $1,894,813,389 $1,625,333,053 $11,362,265,253 $9,690,853,712
2015 $1,695,825,714 $1,695,825,714 $10,064,519,963 $10,064,519,963
2016 $1,825,018,145 $1,776,382,809 $10,672,467,073 $10,351,178,143
2017 $2,072,349,973 $1,856,804,601 $11,307,067,070 $10,463,154,366
2018 $2,220,979,146 $1,927,167,164 $12,683,068,114 $10,764,555,646
2019 $2,221,301,351 $1,986,909,346 $12,606,338,449 $11,185,494,934
2020 $2,326,720,900 $2,004,791,530 $12,361,036,914 $10,661,068,595
2021 $2,516,498,412 $2,024,497,026 $14,000,283,827 $11,141,955,230
2022 $2,382,618,615 $2,033,686,257 $13,932,436,550 $11,449,348,867
2023 $2,555,492,086 $2,047,921,418 $15,763,604,288 $11,686,641,441
2024 $2,751,544,520 $2,079,451,881 $16,685,236,492 $12,008,754,399

Economic indicators

CAR North Macedonia
Gross domestic product
$2.75B
2024
$16.7B
2024
GDP rank
171/197
2024
138/197
2024
GDP growth
7.67%
2023-2024
5.85%
2023-2024
GDP per capita
$516
2024
$9,310
2024
GDP per capita rank
194/197
2024
88/197
2024
GDP per capita, PPP
$1,264
2024
$26,587
2024
Government debt
$1.67B
2024
$9.15B
2024
Debt-to-GDP ratio
58.3%
2025
52.9%
2025
Government debt per person
$313
2024
$5,105
2024
Government debt per person rank
178/185
2024
78/185
2024
Average annual personal income after taxes
$1,261
2025
$8,472
2025
Income share by richest 10%
33.1%
2021
22.9%
2019
Income share by poorest 10%
2.1%
2021
1.9%
2019
Government expenditure, % of GDP
17.9%
2025
39.1%
2025
Consumer prices inflation
4.6%
2024-2025
3.9%
2024-2025
Central bank interest rate n/a
5.35%
2025
Unemployment rate
6.9%
2017
12.3%
2024
Population
5662456
1783115

GDP per capita in Central African Republic vs North Macedonia

The Central African Republic's GDP per capita is $516, ranking 194/197, compared to $9,310 in North Macedonia, ranking 88/197. Adjusted for purchasing power (GDP per capita PPP), the Central African Republic ranks 195th at $1,264, while North Macedonia ranks 78th at $26,587.

Central African Republic
GDP per capita

GDP per capita, PPP
North Macedonia
GDP per capita

GDP per capita, PPP
Year Current $
CAR North Macedonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $65.9 - - -
1961 $71 - - -
1962 $70.4 - - -
1963 $71.8 - - -
1964 $77.2 - - -
1965 $80.2 - - -
1966 $82.3 - - -
1967 $83.6 - - -
1968 $95.6 - - -
1969 $91.7 - - -
1970 $90.2 - - -
1971 $94.1 - - -
1972 $105.5 - - -
1973 $121.8 - - -
1974 $124 - - -
1975 $163.6 - - -
1976 $192.1 - - -
1977 $213.8 - - -
1978 $254.6 - - -
1979 $289.1 - - -
1980 $325 - - -
1981 $280.3 - - -
1982 $298.4 - - -
1983 $259.6 - - -
1984 $248.3 - - -
1985 $333 - - -
1986 $426 - - -
1987 $450 - - -
1988 $466 - - -
1989 $443 - - -
1990 $502 $620 $2,277 $5,347
1991 $465 $618 $2,402 $5,206
1992 $462 $573 $1,199 $5,032
1993 $405 $570 $1,337 $4,828
1994 $261.3 $592 $1,786 $4,879
1995 $333 $631 $2,355 $4,911
1996 $293.3 $601 $2,307 $5,025
1997 $265.5 $626 $1,960 $5,226
1998 $266.6 $645 $1,876 $5,448
1999 $268 $660 $1,915 $5,724
2000 $239.2 $640 $1,862 $6,153
2001 $238 $668 $1,823 $6,052
2002 $248.6 $688 $1,989 $6,395
2003 $278.4 $648 $2,445 $6,609
2004 $303 $690 $2,819 $7,230
2005 $312 $702 $3,121 $7,972
2006 $334 $743 $3,440 $8,890
2007 $381 $783 $4,204 $9,639
2008 $437 $798 $5,026 $10,924
2009 $456 $877 $4,800 $11,526
2010 $477 $936 $4,833 $11,994
2011 $534 $980 $5,417 $12,421
2012 $544 $1,062 $5,050 $12,726
2013 $364 $710 $5,626 $13,663
2014 $410 $699 $5,925 $14,485
2015 $366 $769 $5,263 $15,038
2016 $387 $826 $5,598 $16,457
2017 $432 $884 $5,955 $17,161
2018 $455 $906 $6,714 $18,460
2019 $449 $985 $6,719 $20,222
2020 $463 $1,066 $6,660 $19,962
2021 $492 $1,129 $7,621 $22,144
2022 $467 $1,218 $7,606 $24,067
2023 $496 $1,257 $8,624 $24,390
2024 $516 $1,264 $9,310 $26,587

Spending and national debt comparison

In 2024, the Central African Republic's government spending was $538M, accounting for 17.9% of its GDP, while North Macedonia's spent $6.13B, or 39.1% of GDP.

Debt-to-GDP ratio is 58.3% in the Central African Republic and 52.9% in North Macedonia, ranking 87/185 and 101/185, respectively.

Central African Republic
Government spending

Government debt
North Macedonia
Government spending

Government debt
Year % of GDP
CAR North Macedonia
Government spending Government debt Government spending Government debt
1988 21.4% 48.8% - -
1989 19.6% 50.9% - -
1990 22% 44.6% - -
1991 22.6% 55.8% - -
1992 23.1% 57.4% - -
1993 20.6% 68.2% - -
1994 22.4% 103.4% - -
1995 20.6% 83.8% - -
1996 11.7% 93% - -
1997 14.5% 96.1% 32.9% 29.3%
1998 18.1% 85.3% 32.8% 33.1%
1999 18.2% 84.2% 33.2% 30.4%
2000 17.2% 94.7% 32% 45.6%
2001 14.1% 103.1% 37.4% 45.2%
2002 16.7% 98.5% 38.2% 40.5%
2003 12.3% 95.9% 36% 36.5%
2004 13.1% 99.7% 34.1% 34.6%
2005 16.2% 103% 32.5% 36.7%
2006 13.4% 46.7% 31.5% 30.6%
2007 12.9% 47.9% 31.4% 23.5%
2008 16% 35.8% 33.8% 20.6%
2009 16% 20.3% 33.6% 23.7%
2010 17.3% 19.9% 32.5% 24.3%
2011 14.2% 19.7% 31.9% 27.7%
2012 14.7% 31.5% 33.3% 33.7%
2013 13.4% 51.8% 31.7% 34%
2014 18% 62.2% 31.7% 38%
2015 14% 59.8% 32.2% 38%
2016 12.1% 53.9% 31.1% 39.7%
2017 13.9% 50.3% 31.8% 39.4%
2018 17.6% 50% 30.3% 40.4%
2019 16.9% 48.2% 31.4% 40.4%
2020 25.1% 44.4% 36.4% 50.8%
2021 19.7% 48.5% 35.3% 52.7%
2022 17.6% 51% 35% 50.4%
2023 18.1% 58.2% 35.5% 50.8%
2024 19.5% 60.7% 36.7% 54.8%
2025 17.9% 58.3% 39.1% 52.9%

Government deficit by year

In 2024, the Central African Republic's government deficit, the difference between spending and revenue, was -$137M, equivalent to -4.98% of GDP. This compares to North Macedonia's deficit of -$742M, or -4.45% of GDP.

Over the past 28 years, the Central African Republic recorded a fiscal deficit in 23 of those years, while North Macedonia ran a deficit in 23 years. On average, the Central African Republic posted an annual deficit equal to -1.45% of GDP, compared to deficit of -2.52% of GDP for North Macedonia.

Deficit/surplus
Central African Republic

North Macedonia
Year Deficit/surplus, % of GDP
CAR North Macedonia
1988 -3.72% -
1989 -3.25% -
1990 -6.6% -
1991 -8% -
1992 -7.33% -
1993 -5.66% -
1994 -7.57% -
1995 -4.84% -
1996 -1.06% -
1997 -1.57% -0.36%
1998 0.001% -1.63%
1999 -0.5% 0.03%
2000 -2.01% 2.37%
2001 -0.88% -5.88%
2002 -1.19% -5.24%
2003 -3.06% -0.07%
2004 -1.74% 0.37%
2005 -4.37% 0.21%
2006 8.58% -0.51%
2007 1.04% 0.58%
2008 -1.23% -0.93%
2009 -0.54% -2.63%
2010 -1.35% -2.41%
2011 -2.15% -2.47%
2012 -0.78% -3.81%
2013 -2.3% -3.84%
2014 -3.26% -4.19%
2015 -0.59% -3.48%
2016 1.28% -2.7%
2017 -1.06% -2.73%
2018 -0.97% -1.76%
2019 1.42% -1.97%
2020 -3.36% -8.05%
2021 -6.02% -5.32%
2022 -5.34% -5.23%
2023 -3.59% -4.61%
2024 -4.98% -4.45%
2025 -1.62% -5.04%

Inflation comparison by year

Over the past 30 years, the Central African Republic has recorded an average annual inflation rate of 3.4%, compared with 2.66% in North Macedonia. In 2025, inflation was 4.6% in the Central African Republic and 3.9% in North Macedonia.

Inflation
Central African Republic

North Macedonia
Year Inflation
CAR North Macedonia CAR North Macedonia
1996 3.8% 2.5%
1997 1.6% 1.3%
1998 -2% 0.5%
1999 -1.6% -1.3%
2000 3.4% 6.6%
2001 4.1% 5.2%
2002 2.3% 1.1%
2003 4.4% 0.9%
2004 -2.6% -0.4%
2005 2.9% 0.5%
2006 6.9% 3.2%
2007 0.9% 2.3%
2008 9.2% 8.3%
2009 3.6% -0.7%
2010 1.5% 1.5%
2011 1.2% 3.9%
2012 5.9% 3.3%
2013 4% 2.8%
2014 17.8% -0.3%
2015 1.4% -0.3%
2016 4.9% -0.2%
2017 4.2% 1.4%
2018 1.6% 1.5%
2019 2.8% 0.8%
2020 0.9% 1.2%
2021 4.3% 3.2%
2022 5.6% 14.2%
2023 3% 9.4%
2024 1.5% 3.5%
2025 4.6% 3.9%

Top exports between countries

CAR
Export category Export value
North Macedonia
Export category Export value
Machinery & equipment $13K
Textiles & consumer goods $2K
Chemicals & pharma $1K

Balance of trade

CAR North Macedonia
Current account balance
-$24.7M
1994
-$374M
2024
Current account balance ranking
78/189
1994
101/189
2024
Current account balance, % of GDP
-2.9%
1994
-2.24%
2024
Goods imports
$131M
1994
$10.6B
2024
Goods exports
$146M
1994
$7.28B
2024
Service imports
$114M
1994
$2.01B
2024
Service exports
$33.1M
1994
$3.16B
2024
Imports of goods and services, % of GDP
32.4%
2024
75.8%
2024
Exports of goods and services, % of GDP
15.5%
2024
62.7%
2024

Economic freedom indices

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

CAR North Macedonia
Economic freedom 42.8 63.2
Economic freedom ranking 184/197 80/197
Property rights 6.9 59.1
Government integrity 19.6 43.6
Judicial effectiveness 4 49.7
Tax burden 65.5 94.8
Government spending 89.8 60.6
Fiscal health 53.8 50.9
Business freedom 27.1 74.2
Labor freedom 48.3 57.6
Monetary freedom 72.8 65
Trade freedom 50.4 77.8
Investment freedom 45 65
Financial freedom 30 60

Economic freedom by year comparison

The Economic Freedom Index for the Central African Republic is 42.8, ranking 184/197, compared to 63.2 for North Macedonia, ranking 80/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Central African Republic
North Macedonia
Year Economic freedom index
CAR North Macedonia
2002 59.8 58
2003 60 60.1
2004 57.5 56.8
2005 56.5 56.1
2006 54.2 59.2
2007 50.6 60.6
2008 48.6 61.1
2009 48.3 61.2
2010 48.4 65.7
2011 49.3 66
2012 50.3 68.5
2013 50.4 68.2
2014 46.7 68.6
2015 45.9 67.1
2016 45.2 67.5
2017 51.8 70.7
2018 49.2 71.3
2019 49.1 71.1
2020 50.7 69.5
2021 48.8 68.6
2022 45.7 65.7
2023 43.8 63.7
2024 41.3 61.4
2025 42.8 63.2

More economic indicators

CAR North Macedonia
Services, % of GDP
40.5%
2024
59.2%
2024
Industry, % of GDP
17.8%
2024
22.7%
2024
Agriculture, forestry, and fishing, % of GDP
32.5%
2024
5.97%
2024
GNI, Atlas method
$2.75B
2024
$15B
2024
GNI per capita, PPP
$1,340
2024
$25,210
2024
Total reserves including gold
$480M
2023
$5.25B
2024
Total reserves ranking
158/177
2023
97/177
2024
Net foreign direct investment
$3.6M
1994
-$1.18B
2024
Net inflows of foreign direct investment
$40.4M
2024
$1.17B
2024
Net outflows of foreign direct investment
$1.29K
2002
-$2.99M
2024
Servicing debt to the IMF, % of GNI
1.41%
2023
11.6%
2023
Poverty at national poverty lines
68.8%
2021
22.2%
2022
Gross capital formation, % of GDP
15.4%
2024
28.4%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

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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.