Greece vs North Macedonia: Economic Indicators Comparison

Greece with a GDP of $218B ranked the 52nd largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Greece and North Macedonia ranked 158th vs 110th and 45th vs 100th, respectively.

Gross Domestic Product & Income

StatGreeceNorth Macedonia
GDP$218B$12.7B
GDP growth, 1 year2.1%2.7%
GDP growth, 5-years average0.7%2.6%
Population10.8M2.1M
GDP per capita$20k$6.1k
GDP per capita growth2.19%2.62%
Purchasing Power Parity conversion factor0.5819.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.690.37
GDP per capita, PPP adjusted$29k$16k
GNI, Atlas method$212B$11.4B
GNI per capita$20k$5.5k
GNI, PPP adjusted$318.3B$32.6B
GNI per capita, PPP adjusted$30k$16k

Financial system and Human development

StatGreeceNorth Macedonia
Income Tax Rate42%10%
Corporate Tax Rate28%10%
Inflation, consumer prices0.8%1.5%
Inflation, GDP deflator0.5%4.3%
Unemployment19.2%21.6%
Economic Freedom Index59.969.5
Personal Freedom Index8.528.17
Human Freedom Index7.777.55
Property Rights Index5762.5
Judical Effectiveness Index48.642.7
Business Freedom Index73.780.6
Fiscal Health Index8087.7
Labor Freedom Index5267
Investment Freedom Index5565
Financial Freedom Index5060
Trade Freedom Index81.486.2
Monetary Freedom Index79.477.7
Government Spending Index31.571
Tax Burden Index5991.5
Government Integrity Index51.242.2
Corruption Perceptions Index4537
Life expectancy at birth, years81.475.6
Suicide mortality rate, per 100,000 people57.9
Mortality caused by road traffic injury, per 100,000 people9.26.4
Intentional homicides, per 100,000 people0.71.5
International tourism, number of arrivals30.1M707k

Government debt & reserves

StatGreeceNorth Macedonia
Central government debt, % of GDP183.3%39.5%
External debt stocks, % of GNIN/A72%
External debt stocksN/A$8.7B
Short-term debt, % of total reservesN/A40.9%
Total debt service, % of exports and primary incomeN/A16.6%
Adjusted net savings including particulate emission damage, % of GNI-3.1%15.4%
Gross savings, % of GDP12.9%33%
Gross capital formation, % of GDP13.1%33%
Total reserves including gold$7.6B$3.3B
Foreign direct investment net inflows$4B$648.7M

Exports, imports and economic structure

StatGreeceNorth Macedonia
Exports of goods and services, % of GDP36.1%60.3%
Imports of goods and services, % of GDP36.4%72.9%
Current account balance (balance of payments)-$6.2B-$25.6M
Revenue excluding grants, % of GDP46%26.8%
Grants excluding technical cooperation, BoPN/A$133.8M
Personal remittances received$489.7M$344.5M
Industry including construction value added, % of GDP15.3%23.6%
Agriculture, forestry and fishing value added, % of GDP3.7%7.2%
Charges for the use of intellectual property, payments BoP$383M$188.8M
Charges for the use of intellectual property, receipts BoP$95.8M$11.8M
Expense, % of GDP46.6%27.9%
Government Expenditure, % of GDP47.8%31.1%

Compare with countries close by GDP per capita

Greece vs

CountryGDP
per capita
Population
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
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