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Economy of Jordan vs North Macedonia compared: GDP & Debt

Updated on by Georank team

Jordan has a GDP of $53.4B compared to $17B for North Macedonia, ranking 90/197 and 138/197 by economy size, respectively.

Jordan has $48.1B in government debt (90.2% of GDP), compared to $9.3B (54.8% of GDP) in North Macedonia.

Jordan vs North Macedonia GDP by year

Jordan
North Macedonia
1x
Year GDP, current $
Jordan North Macedonia
2024 $53,352,289,577 $16,951,682,245
2023 $51,088,476,338 $15,855,131,189
2022 $48,764,963,380 $13,932,436,550
2021 $46,296,100,141 $14,000,283,827
2020 $43,700,383,099 $12,361,036,914
2019 $44,503,006,338 $12,606,338,449
2018 $43,370,860,704 $12,683,068,114
2017 $41,608,435,915 $11,307,067,070
2016 $39,892,551,127 $10,672,467,073
2015 $38,587,017,887 $10,064,519,963
2014 $36,847,643,521 $11,362,265,253
2013 $34,454,440,141 $10,817,702,346
2012 $31,634,561,690 $9,745,261,301
2011 $29,524,149,155 $10,494,626,768
2010 $27,133,804,225 $9,407,170,321
2009 $24,537,876,056 $9,401,736,825
2008 $22,658,715,989 $9,909,552,435
2007 $17,110,437,236 $8,336,474,974
2006 $15,056,981,664 $6,861,226,972
2005 $12,588,998,590 $6,258,602,873
2004 $11,411,706,629 $5,682,784,472
2003 $10,195,627,645 $4,946,296,599
2002 $9,582,510,578 $4,018,365,747
2001 $8,975,814,653 $3,709,636,031
2000 $8,460,789,845 $3,772,859,034
1999 $8,149,929,478 $3,863,619,285
1998 $7,912,270,804 $3,765,745,023
1997 $7,245,839,210 $3,912,986,091
1996 $6,927,503,526 $4,642,021,256
1995 $6,727,597,032 $4,707,041,315
1994 $6,236,295,978 $3,559,608,640
1993 $5,606,400,222 $2,682,456,897
1992 $5,310,833,194 $2,436,849,342
1991 $4,344,467,193 $4,938,775,510
1990 $4,160,087,508 $4,699,646,643
1989 $4,221,373,674 -
1988 $6,277,451,829 -
1987 $6,756,209,762 -
1986 $6,402,050,485 -
1985 $4,993,601,520 -
1984 $4,967,162,160 -
1983 $4,920,692,191 -
1982 $4,681,240,993 -
1981 $4,383,944,703 -
1980 $3,910,044,474 -
1979 $3,271,368,781 -
1978 $2,602,208,589 -
1977 $2,096,778,602 -
1976 $1,708,521,219 -
1975 $1,363,073,498 -
1974 $1,197,483,949 -
1973 $943,783,840 -
1972 $788,479,685 -
1971 $678,159,729 -
1970 $639,519,744 -
1969 $698,879,720 -
1968 $561,119,776 -
1967 $631,679,747 -
1966 $657,999,737 -
1965 $599,759,760 -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/north-macedonia | CC BY

GDP per capita in Jordan vs North Macedonia by year

Jordan
GDP per capita

GDP per capita, PPP
North Macedonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jordan North Macedonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,618 $10,821 $9,292 $26,995
2023 $4,466 $10,412 $8,674 $25,354
2022 $4,332 $9,927 $7,606 $24,212
2021 $4,183 $9,182 $7,621 $22,144
2020 $4,022 $9,579 $6,660 $19,962
2019 $4,170 $9,429 $6,719 $20,223
2018 $4,145 $9,042 $6,714 $18,460
2017 $4,066 $9,266 $5,955 $17,161
2016 $3,987 $8,748 $5,598 $16,458
2015 $4,043 $8,967 $5,263 $15,034
2014 $4,191 $9,145 $5,925 $14,485
2013 $4,311 $9,817 $5,626 $13,663
2012 $4,170 $9,739 $5,050 $12,726
2011 $3,947 $9,632 $5,417 $12,421
2010 $3,718 $9,417 $4,833 $11,992
2009 $3,436 $9,291 $4,800 $11,532
2008 $3,242 $8,983 $5,026 $10,924
2007 $2,506 $8,416 $4,204 $9,639
2006 $2,343 $8,046 $3,440 $8,888
2005 $2,088 $7,697 $3,121 $7,972
2004 $1,940 $7,074 $2,819 $7,229
2003 $1,776 $6,500 $2,445 $6,608
2002 $1,706 $6,256 $1,989 $6,395
2001 $1,632 $5,948 $1,823 $6,051
2000 $1,571 $5,641 $1,862 $6,154
1999 $1,545 $5,402 $1,915 $5,724
1998 $1,532 $5,264 $1,876 $5,448
1997 $1,436 $5,171 $1,960 $5,227
1996 $1,410 $5,055 $2,307 $5,026
1995 $1,416 $5,027 $2,355 $4,912
1994 $1,367 $4,830 $1,786 $4,880
1993 $1,289 $4,726 $1,337 $4,829
1992 $1,287 $4,654 $1,199 $5,033
1991 $1,110 $4,195 $2,402 $5,207
1990 $1,149 $4,317 $2,277 $5,348
1989 $1,260 - - -
1988 $1,966 - - -
1987 $2,217 - - -
1986 $2,200 - - -
1985 $1,797 - - -
1984 $1,871 - - -
1983 $1,939 - - -
1982 $1,929 - - -
1981 $1,885 - - -
1980 $1,750 - - -
1979 $1,519 - - -
1978 $1,249 - - -
1977 $1,039 - - -
1976 $873 - - -
1975 $718 - - -
1974 $651 - - -
1973 $531 - - -
1972 $460 - - -
1971 $412 - - -
1970 $409 - - -
1969 $474 - - -
1968 $409 - - -
1967 $497 - - -
1966 $558 - - -
1965 $546 - - -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/north-macedonia | CC BY

Jordan's GDP per capita is $4,618, ranking 123/197, compared to $9,292 in North Macedonia, ranking 88/197. Adjusted for purchasing power (GDP per capita PPP), Jordan ranks 131st at $10,821, while North Macedonia ranks 78th at $26,995.

Economic indicators

Jordan North Macedonia
Gross domestic product
$53.4B
2024
$17B
2024
GDP rank
90/197
2024
138/197
2024
GDP growth
2.49%
2023-2024
2.99%
2023-2024
GDP per capita
$4,618
2024
$9,292
2024
GDP per capita rank
123/197
2024
88/197
2024
GDP per capita, PPP
$10,821
2024
$26,995
2024
GDP per capita PPP rank
131/197
2024
78/197
2024
Government debt
$48.1B
2024
$9.3B
2024
Debt-to-GDP ratio
90.2%
2024
54.8%
2024
Government debt per person
$4,167
2024
$5,095
2024
Government debt per person rank
91/185
2024
77/185
2024
Average annual personal income after taxes
$4,787
2026
$7,534
2026
Market capitalization of domestic companies
$24.9B
2024
n/a
Income share by richest 10%
27.4%
2010
22.9%
2019
Income share by poorest 10%
3.5%
2010
1.9%
2019
Government expenditure, % of GDP
33%
2024
36.7%
2024
Consumer prices inflation
1.56%
2023-2024
3.5%
2023-2024
Central bank interest rate
5.75%
2025
5.35%
2025
Unemployment rate
16.6%
2023
12.3%
2024
Population
11555022
1805954

Spending and national debt comparison by year

Jordan
Spending

Debt
North Macedonia
Spending

Debt
1x
Year % of GDP
Jordan North Macedonia
Government spending Government debt Government spending Government debt
2024 33% 90.2% 36.7% 54.8%
2023 32.9% 89% 35.5% 50.8%
2022 33.3% 88.6% 35% 50.4%
2021 34.1% 87.6% 35.3% 52.7%
2020 33.7% 104.5% 36.4% 50.8%
2019 32.4% 92.9% 31.4% 40.4%
2018 32% 87.4% 30.3% 40.4%
2017 29.6% 86.1% 31.8% 39.4%
2016 29.8% 85% 31.1% 39.7%
2015 31.7% 83.4% 32.2% 38%
2014 39.2% 78.6% 31.7% 38%
2013 36.4% 78.1% 31.7% 34%
2012 32.2% 73.8% 33.3% 33.7%
2011 27.4% 63.9% 31.9% 27.7%
2010 29.8% 59.5% 32.5% 24.3%
2009 35.9% 55.5% 33.6% 23.7%
2008 35.8% 53.2% 33.8% 20.6%
2007 37.7% 64.4% 31.4% 23.5%
2006 34.7% 65.6% 31.5% 30.6%
2005 37.3% 80.5% 32.5% 36.7%
2004 36.6% 86% 34.1% 34.6%
2003 36% 94.6% 36% 36.5%
2002 32.9% 91.3% 38.2% 40.5%
2001 32.1% 89.7% 37.4% 45.2%
2000 33.1% 85.6% 32% 45.6%
1999 32.7% 98.1% 33.2% 30.4%
1998 34.9% 99.8% 32.8% 33.1%
1997 33.9% 98.1% 32.9% 29.3%
1996 36.2% 104.9% - -
1995 35.5% 106.1% - -
1994 34.3% 116.2% - -
1993 36.4% 126.6% - -
1992 35.5% 139.6% - -
1991 44.9% 187% - -
1990 44% 204.8% - -
1989 42.5% 195.4% - -
1988 44.3% 129.3% - -
1987 42.1% 101.9% - -
1986 33.8% 84.3% - -
1985 42.4% 85.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1998, retrieved 2026-02-20).

GeoRank.org/economy/jordan/north-macedonia | CC BY

In 2024, Jordan's government spending was $17.6B, accounting for 33% of its GDP, while North Macedonia spent $6.23B, or 36.7% of GDP.

Debt-to-GDP ratio is 90.2% in Jordan and 54.8% in North Macedonia, ranking 32/185 and 96/185, respectively.

Government deficit by year

Deficit/surplus
Jordan

North Macedonia
1x
Year Deficit/surplus, % of GDP
Jordan North Macedonia
2024 -7.33% -4.45%
2023 -6.89% -4.61%
2022 -6.8% -5.23%
2021 -8.45% -5.32%
2020 -10.1% -8.05%
2019 -7.19% -1.97%
2018 -5.78% -1.76%
2017 -3.61% -2.73%
2016 -3.71% -2.7%
2015 -7.1% -3.48%
2014 -15.5% -4.19%
2013 -16.1% -3.84%
2012 -13.8% -3.81%
2011 -5.61% -2.47%
2010 -5.43% -2.41%
2009 -8.66% -2.63%
2008 -5.38% -0.93%
2007 -5.45% 0.58%
2006 -3.82% -0.51%
2005 -5.36% 0.21%
2004 -1.09% 0.37%
2003 -2.52% -0.07%
2002 -4.44% -5.24%
2001 -2.77% -5.88%
2000 -3.99% 2.37%
1999 -2.69% 0.03%
1998 -5.4% -1.63%
1997 -2.97% -0.36%
1996 -3.25% -
1995 -1.72% -
1994 -2.3% -
1993 -2.14% -
1992 1.87% -
1991 -10.2% -
1990 -7.45% -
1989 -6.89% -
1988 -13% -
1987 -13.4% -
1986 -2.39% -
1985 -6.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/jordan/north-macedonia | CC BY

In 2024, Jordan's government deficit, the difference between spending and revenue, was $3.91B, equivalent to 7.33% of GDP. This compares to North Macedonia's deficit of $754M, or 4.45% of GDP.

Over the past 28 years, Jordan recorded a fiscal deficit in 28 of those years, while North Macedonia ran a deficit in 23 years. On average, Jordan posted an annual deficit equal to 6.36% of GDP, compared to deficit of 2.52% of GDP for North Macedonia.

Inflation comparison by year

Inflation
Jordan

North Macedonia
1x
Year Consumer prices inflation
Jordan North Macedonia
2024 1.56% 3.5%
2023 2.08% 9.4%
2022 4.23% 14.2%
2021 1.35% 3.2%
2020 0.33% 1.2%
2019 0.76% 0.8%
2018 4.46% 1.5%
2017 3.32% 1.4%
2016 -0.78% -0.2%
2015 -0.88% -0.3%
2014 2.9% -0.3%
2013 4.82% 2.8%
2012 4.52% 3.3%
2011 4.16% 3.9%
2010 4.85% 1.5%
2009 -0.74% -0.7%
2008 14% 8.3%
2007 4.74% 2.3%
2006 6.25% 3.2%
2005 3.49% 0.5%
2004 3.36% -0.4%
2003 1.63% 0.9%
2002 1.83% 1.1%
2001 1.77% 5.2%
2000 0.67% 6.6%
1999 0.61% -1.3%
1998 3.09% 0.5%
1997 3.04% 1.3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/north-macedonia | CC BY

Over the past 28 years, Jordan has recorded an average annual inflation rate of 2.91%, compared with 2.62% in North Macedonia. In 2024, inflation was 1.56% in Jordan and 3.5% in North Macedonia.

Top exports between countries

Jordan
Export category Export value
Raw materials & minerals $3K
North Macedonia
Export category Export value
Processed food, beverages & tobacco $472K
Chemicals & pharma $254K
Raw materials & minerals $174K
Animal & marine products $160K
Machinery & equipment $70K
Raw agricultural goods $39K
Metals $2K

Balance of trade

Jordan North Macedonia
Current account balance
-$3.13B
2024
-$356M
2024
Current account balance ranking
158/190
2024
102/190
2024
Current account balance, % of GDP
-5.86%
2024
-2.1%
2024
Goods imports
$23.9B
2024
$10.6B
2024
Goods exports
$13.3B
2024
$7.3B
2024
Service imports
$6.5B
2024
$2.01B
2024
Service exports
$9.45B
2024
$3.16B
2024
Imports of goods and services, % of GDP
57.1%
2024
74.6%
2024
Exports of goods and services, % of GDP
42.6%
2024
61.7%
2024

Economic freedom indices

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

Jordan North Macedonia
Economic freedom 59.3 63.3
Economic freedom ranking 104/197 81/197
Property rights 52.3 56.2
Government integrity 51 43.2
Judicial effectiveness 44 49.5
Tax burden 84.1 94.9
Government spending 67.2 61.7
Fiscal health 5.2 57.7
Business freedom 62.7 72.2
Labor freedom 51.3 51.4
Monetary freedom 81.2 69.6
Trade freedom 82 77.8
Investment freedom 70 65
Financial freedom 60 60

Economic freedom comparison by year

Jordan
North Macedonia
1x
Year Economic freedom index
Jordan North Macedonia
2026 59.3 63.3
2025 59.4 63.2
2024 58.3 61.4
2023 58.8 63.7
2022 60.1 65.7
2021 64.6 68.6
2020 66 69.5
2019 66.5 71.1
2018 64.9 71.3
2017 66.7 70.7
2016 68.3 67.5
2015 69.3 67.1
2014 69.2 68.6
2013 70.4 68.2
2012 69.9 68.5
2011 68.9 66
2010 66.1 65.7
2009 65.4 61.2
2008 64.1 61.1
2007 64.5 60.6
2006 63.7 59.2
2005 66.7 56.1
2004 66.1 56.8
2003 65.3 60.1
2002 66.2 58
2001 68.3 -
2000 67.5 -
1999 67.4 -
1998 66.8 -
1997 63.6 -
1996 60.8 -
1995 62.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/jordan/north-macedonia | CC BY

The Economic Freedom Index for Jordan is 59.3, ranking 104/197, compared to 63.3 for North Macedonia, ranking 81/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jordan North Macedonia
Services, % of GDP
60.4%
2024
56.2%
2024
Industry, % of GDP
25.1%
2024
24.1%
2024
Agriculture, forestry, and fishing, % of GDP
5.07%
2024
6.08%
2024
GNI, Atlas method
$51.2B
2024
$15.1B
2024
GNI per capita, PPP
$10,570
2024
$25,610
2024
Total reserves including gold
$21.9B
2024
$5.25B
2024
Total reserves ranking
60/177
2024
97/177
2024
Net foreign direct investment
-$1.58B
2024
-$1.12B
2024
Net inflows of foreign direct investment
$1.63B
2024
$1.06B
2024
Net outflows of foreign direct investment
$54.1M
2024
-$64.9M
2024
Servicing debt to the IMF, % of GNI
8.64%
2024
9.59%
2024
Poverty at national poverty lines
14.2%
2020
22.2%
2022
Gross capital formation, % of GDP
25.2%
2021
30.6%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/jordan/north-macedonia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1998, retrieved 2026-02-20)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.