Israel vs North Macedonia: Economic Indicators Comparison
Israel with a GDP of $370.6B ranked the 34th largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Israel and North Macedonia ranked 73rd vs 110th and 26th vs 100th, respectively.
Gross Domestic Product & Income
| Stat |  Israel |  North Macedonia |
|---|---|---|
| GDP | $370.6B | $12.7B |
| GDP growth, 1 year | 3.3% | 2.7% |
| GDP growth, 5-years average | 3.4% | 2.6% |
| Population | 9.1M | 2.1M |
| GDP per capita | $42k | $6.1k |
| GDP per capita growth | 1.47% | 2.62% |
| Purchasing Power Parity conversion factor | 3.75 | 19.38 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 1.04 | 0.37 |
| GDP per capita, PPP adjusted | $38k | $16k |
| GNI, Atlas method | $363.6B | $11.4B |
| GNI per capita | $41k | $5.5k |
| GNI, PPP adjusted | $354.8B | $32.6B |
| GNI per capita, PPP adjusted | $40k | $16k |
Financial system and Human development
| Stat | Israel | North Macedonia |
|---|---|---|
| Income Tax Rate | 48% | 10% |
| Corporate Tax Rate | 23% | 10% |
| Inflation, consumer prices | 0.8% | 1.5% |
| Inflation, GDP deflator | 1.2% | 4.3% |
| Unemployment | 4% | 21.6% |
| Economic Freedom Index | 74 | 69.5 |
| Personal Freedom Index | 7.64 | 8.17 |
| Human Freedom Index | 7.41 | 7.55 |
| Property Rights Index | 82.3 | 62.5 |
| Judical Effectiveness Index | 71.8 | 42.7 |
| Business Freedom Index | 72.2 | 80.6 |
| Fiscal Health Index | 89.2 | 87.7 |
| Labor Freedom Index | 64.4 | 67 |
| Investment Freedom Index | 75 | 65 |
| Financial Freedom Index | 70 | 60 |
| Trade Freedom Index | 86.2 | 86.2 |
| Monetary Freedom Index | 84.9 | 77.7 |
| Government Spending Index | 53.5 | 71 |
| Tax Burden Index | 61 | 91.5 |
| Government Integrity Index | 77.2 | 42.2 |
| Corruption Perceptions Index | 61 | 37 |
| Life expectancy at birth, years | 82.6 | 75.6 |
| Suicide mortality rate, per 100,000 people | 5.4 | 7.9 |
| Mortality caused by road traffic injury, per 100,000 people | 4.2 | 6.4 |
| Intentional homicides, per 100,000 people | 1.4 | 1.5 |
| International tourism, number of arrivals | 4.1M | 707k |
Government debt & reserves
| Stat | Israel | North Macedonia |
|---|---|---|
| Central government debt, % of GDP | 59.6% | 39.5% |
| External debt stocks, % of GNI | N/A | 72% |
| External debt stocks | N/A | $8.7B |
| Short-term debt, % of total reserves | N/A | 40.9% |
| Total debt service, % of exports and primary income | N/A | 16.6% |
| Adjusted net savings including particulate emission damage, % of GNI | 15.6% | 15.4% |
| Gross savings, % of GDP | 24.4% | 33% |
| Gross capital formation, % of GDP | 21.8% | 33% |
| Total reserves including gold | $115.3B | $3.3B |
| Foreign direct investment net inflows | $20.8B | $648.7M |
Exports, imports and economic structure
| Stat | Israel | North Macedonia |
|---|---|---|
| Exports of goods and services, % of GDP | 29.4% | 60.3% |
| Imports of goods and services, % of GDP | 29% | 72.9% |
| Current account balance (balance of payments) | $9.3B | -$25.6M |
| Revenue excluding grants, % of GDP | 31.8% | 26.8% |
| Grants excluding technical cooperation, BoP | $533.6M | $133.8M |
| Personal remittances received | $939.6M | $344.5M |
| Industry including construction value added, % of GDP | 19.4% | 23.6% |
| Agriculture, forestry and fishing value added, % of GDP | 1.1% | 7.2% |
| Charges for the use of intellectual property, payments BoP | $1.4B | $188.8M |
| Charges for the use of intellectual property, receipts BoP | $1.3B | $11.8M |
| Expense, % of GDP | 37% | 27.9% |
| Government Expenditure, % of GDP | 39.4% | 31.1% |
