Malaysia vs North Macedonia: Economic Indicators Comparison

Malaysia with a GDP of $358.6B ranked the 37th largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Malaysia and North Macedonia ranked 29th vs 110th and 67th vs 100th, respectively.

Gross Domestic Product & Income

StatMalaysiaNorth Macedonia
GDP$358.6B$12.7B
GDP growth, 1 year4.7%2.7%
GDP growth, 5-years average5.2%2.6%
Population31.6M2.1M
GDP per capita$11k$6.1k
GDP per capita growth3.33%2.62%
Purchasing Power Parity conversion factor1.4419.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.360.37
GDP per capita, PPP adjusted$31k$16k
GNI, Atlas method$333.8B$11.4B
GNI per capita$11k$5.5k
GNI, PPP adjusted$966.3B$32.6B
GNI per capita, PPP adjusted$31k$16k

Financial system and Human development

StatMalaysiaNorth Macedonia
Income Tax Rate25%10%
Corporate Tax Rate25%10%
Inflation, consumer prices1%1.5%
Inflation, GDP deflator0.7%4.3%
Unemployment3.4%21.6%
Economic Freedom Index74.769.5
Personal Freedom Index6.238.17
Human Freedom Index6.387.55
Property Rights Index86.562.5
Judical Effectiveness Index74.642.7
Business Freedom Index87.880.6
Fiscal Health Index80.287.7
Labor Freedom Index74.567
Investment Freedom Index6065
Financial Freedom Index5060
Trade Freedom Index8286.2
Monetary Freedom Index81.677.7
Government Spending Index84.671
Tax Burden Index85.791.5
Government Integrity Index49.442.2
Corruption Perceptions Index4737
Life expectancy at birth, years75.875.6
Suicide mortality rate, per 100,000 people5.57.9
Mortality caused by road traffic injury, per 100,000 people23.66.4
Intentional homicides, per 100,000 people2.11.5
International tourism, number of arrivals25.8M707k

Government debt & reserves

StatMalaysiaNorth Macedonia
Central government debt, % of GDP56.2%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 GNI10%15.4%
Gross savings, % of GDP25.7%33%
Gross capital formation, % of GDP23.6%33%
Total reserves including gold$101.5B$3.3B
Foreign direct investment net inflows$8.6B$648.7M

Exports, imports and economic structure

StatMalaysiaNorth Macedonia
Exports of goods and services, % of GDP68.8%60.3%
Imports of goods and services, % of GDP61.7%72.9%
Current account balance (balance of payments)$7.6B-$25.6M
Revenue excluding grants, % of GDP16.1%26.8%
Grants excluding technical cooperation, BoP$26.2M$133.8M
Personal remittances received$1.7B$344.5M
Industry including construction value added, % of GDP38.3%23.6%
Agriculture, forestry and fishing value added, % of GDP7.5%7.2%
Charges for the use of intellectual property, payments BoP$2B$188.8M
Charges for the use of intellectual property, receipts BoP$267.4M$11.8M
Expense, % of GDP15.9%27.9%
Government Expenditure, % of GDP22.6%31.1%

Compare with countries close by GDP per capita

Malaysia vs

CountryGDP
per capita
Population
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
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
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

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