Iran vs North Macedonia: Economic Indicators Comparison

Iran with a GDP of $454B ranked the 29th largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Iran and North Macedonia ranked 102nd vs 110th and 105th vs 100th, respectively.

Gross Domestic Product & Income

StatIranNorth Macedonia
GDP$454B$12.7B
GDP growth, 1 year-3.9%2.7%
GDP growth, 5-years average2.8%2.6%
Population80M2.1M
GDP per capita$5.6k$6.1k
GDP per capita growth2.33%2.62%
Purchasing Power Parity conversion factor9035.9619.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.270.37
GDP per capita, PPP adjusted$20k$16k
GNI, Atlas method$441B$11.4B
GNI per capita$5.5k$5.5k
GNI, PPP adjusted$1.7T$32.6B
GNI per capita, PPP adjusted$21k$16k

Financial system and Human development

StatIranNorth Macedonia
Income Tax Rate35%10%
Corporate Tax Rate25%10%
Inflation, consumer prices31.2%1.5%
Inflation, GDP deflator12.2%4.3%
Unemployment12%21.6%
Economic Freedom Index49.269.5
Personal Freedom Index4.838.17
Human Freedom Index5.297.55
Property Rights Index36.962.5
Judical Effectiveness Index37.142.7
Business Freedom Index57.380.6
Fiscal Health Index86.587.7
Labor Freedom Index50.767
Investment Freedom Index565
Financial Freedom Index1060
Trade Freedom Index54.686.2
Monetary Freedom Index4977.7
Government Spending Index89.271
Tax Burden Index8191.5
Government Integrity Index33.542.2
Corruption Perceptions Index2837
Life expectancy at birth, years76.375.6
Suicide mortality rate, per 100,000 people4.17.9
Mortality caused by road traffic injury, per 100,000 people20.56.4
Intentional homicides, per 100,000 people2.51.5
International tourism, number of arrivals7.3M707k

Government debt & reserves

StatIranNorth Macedonia
Central government debt, % of GDP33.2%39.5%
External debt stocks, % of GNI1.5%72%
External debt stocks$6.3B$8.7B
Short-term debt, % of total reserves62.1%40.9%
Total debt service, % of exports and primary income0.8%16.6%
Adjusted net savings including particulate emission damage, % of GNI8.2%15.4%
Gross savings, % of GDP37.7%33%
Gross capital formation, % of GDP34.7%33%
Total reserves including gold$7.7B$3.3B
Foreign direct investment net inflows$3.5B$648.7M

Exports, imports and economic structure

StatIranNorth Macedonia
Exports of goods and services, % of GDP24.9%60.3%
Imports of goods and services, % of GDP23.8%72.9%
Current account balance (balance of payments)$12.5B-$25.6M
Revenue excluding grants, % of GDP25.4%26.8%
Grants excluding technical cooperation, BoP$65M$133.8M
Personal remittances received$1.3B$344.5M
Industry including construction value added, % of GDP34.9%23.6%
Agriculture, forestry and fishing value added, % of GDP9.5%7.2%
Charges for the use of intellectual property, payments BoPN/A$188.8M
Charges for the use of intellectual property, receipts BoPN/A$11.8M
Expense, % of GDP19.6%27.9%
Government Expenditure, % of GDP19%31.1%

Compare with countries close by GDP per capita

Iran vs

CountryGDP
per capita
Population
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
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
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M

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
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