Dominica vs North Macedonia: Economic Indicators Comparison

North Macedonia with a GDP of $12.7B ranked the 135th largest economy in the world, while Dominica ranked 189th with $550.9M. By GDP 5-years average growth and GDP per capita, North Macedonia and Dominica ranked 110th vs 177th and 100th vs 87th, respectively.

Gross Domestic Product & Income

StatDominicaNorth Macedonia
GDP$550.9M$12.7B
GDP growth, 1 year-12%2.7%
GDP growth, 5-years average-2.8%2.6%
Population74k2.1M
GDP per capita$7.7k$6.1k
GDP per capita growth2.03%2.62%
Purchasing Power Parity conversion factor1.8719.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.690.37
GDP per capita, PPP adjusted$9.9k$16k
GNI, Atlas method$508.1M$11.4B
GNI per capita$7.1k$5.5k
GNI, PPP adjusted$735.4M$32.6B
GNI per capita, PPP adjusted$10k$16k

Financial system and Human development

StatDominicaNorth Macedonia
Income Tax Rate35%10%
Corporate Tax Rate30%10%
Inflation, consumer prices1.4%1.5%
Inflation, GDP deflator3.6%4.3%
Unemployment0%21.6%
Economic Freedom Index60.869.5
Personal Freedom Index6.18.17
Human Freedom Index6.17.55
Property Rights Index59.862.5
Judical Effectiveness Index62.642.7
Business Freedom Index70.480.6
Fiscal Health Index86.287.7
Labor Freedom Index60.767
Investment Freedom Index7065
Financial Freedom Index3060
Trade Freedom Index68.486.2
Monetary Freedom Index83.577.7
Government Spending Index1671
Tax Burden Index70.591.5
Government Integrity Index51.242.2
Corruption Perceptions Index5737
Life expectancy at birth, years76.675.6
Suicide mortality rate, per 100,000 people27.9
Mortality caused by road traffic injury, per 100,000 people10.96.4
Intentional homicides, per 100,000 people25.71.5
International tourism, number of arrivals63k707k

Government debt & reserves

StatDominicaNorth Macedonia
Central government debt, % of GDP83.1%39.5%
External debt stocks, % of GNI55.3%72%
External debt stocks$279.2M$8.7B
Short-term debt, % of total reserves6.9%40.9%
Total debt service, % of exports and primary income16.5%16.6%
Adjusted net savings including particulate emission damage, % of GNIN/A15.4%
Gross savings, % of GDPN/A33%
Gross capital formation, % of GDPN/A33%
Total reserves including gold$191.3M$3.3B
Foreign direct investment net inflows$13.3M$648.7M

Exports, imports and economic structure

StatDominicaNorth Macedonia
Exports of goods and services, % of GDP42.9%60.3%
Imports of goods and services, % of GDP65.1%72.9%
Current account balance (balance of payments)-$225.1M-$25.6M
Revenue excluding grants, % of GDPN/A26.8%
Grants excluding technical cooperation, BoP$28.3M$133.8M
Personal remittances received$49.2M$344.5M
Industry including construction value added, % of GDP15.8%23.6%
Agriculture, forestry and fishing value added, % of GDP11.1%7.2%
Charges for the use of intellectual property, payments BoP$662k$188.8M
Charges for the use of intellectual property, receipts BoP$119$11.8M
Expense, % of GDPN/A27.9%
Government Expenditure, % of GDP52.9%31.1%

Compare with countries close by GDP per capita

Dominica vs

CountryGDP
per capita
Population
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k