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
| Stat |  Malaysia |  North Macedonia |
|---|---|---|
| GDP | $358.6B | $12.7B |
| GDP growth, 1 year | 4.7% | 2.7% |
| GDP growth, 5-years average | 5.2% | 2.6% |
| Population | 31.6M | 2.1M |
| GDP per capita | $11k | $6.1k |
| GDP per capita growth | 3.33% | 2.62% |
| Purchasing Power Parity conversion factor | 1.44 | 19.38 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.36 | 0.37 |
| 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
| Stat | Malaysia | North Macedonia |
|---|---|---|
| Income Tax Rate | 25% | 10% |
| Corporate Tax Rate | 25% | 10% |
| Inflation, consumer prices | 1% | 1.5% |
| Inflation, GDP deflator | 0.7% | 4.3% |
| Unemployment | 3.4% | 21.6% |
| Economic Freedom Index | 74.7 | 69.5 |
| Personal Freedom Index | 6.23 | 8.17 |
| Human Freedom Index | 6.38 | 7.55 |
| Property Rights Index | 86.5 | 62.5 |
| Judical Effectiveness Index | 74.6 | 42.7 |
| Business Freedom Index | 87.8 | 80.6 |
| Fiscal Health Index | 80.2 | 87.7 |
| Labor Freedom Index | 74.5 | 67 |
| Investment Freedom Index | 60 | 65 |
| Financial Freedom Index | 50 | 60 |
| Trade Freedom Index | 82 | 86.2 |
| Monetary Freedom Index | 81.6 | 77.7 |
| Government Spending Index | 84.6 | 71 |
| Tax Burden Index | 85.7 | 91.5 |
| Government Integrity Index | 49.4 | 42.2 |
| Corruption Perceptions Index | 47 | 37 |
| Life expectancy at birth, years | 75.8 | 75.6 |
| Suicide mortality rate, per 100,000 people | 5.5 | 7.9 |
| Mortality caused by road traffic injury, per 100,000 people | 23.6 | 6.4 |
| Intentional homicides, per 100,000 people | 2.1 | 1.5 |
| International tourism, number of arrivals | 25.8M | 707k |
Government debt & reserves
| Stat | Malaysia | North Macedonia |
|---|---|---|
| Central government debt, % of GDP | 56.2% | 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 | 10% | 15.4% |
| Gross savings, % of GDP | 25.7% | 33% |
| Gross capital formation, % of GDP | 23.6% | 33% |
| Total reserves including gold | $101.5B | $3.3B |
| Foreign direct investment net inflows | $8.6B | $648.7M |
Exports, imports and economic structure
| Stat | Malaysia | North Macedonia |
|---|---|---|
| Exports of goods and services, % of GDP | 68.8% | 60.3% |
| Imports of goods and services, % of GDP | 61.7% | 72.9% |
| Current account balance (balance of payments) | $7.6B | -$25.6M |
| Revenue excluding grants, % of GDP | 16.1% | 26.8% |
| Grants excluding technical cooperation, BoP | $26.2M | $133.8M |
| Personal remittances received | $1.7B | $344.5M |
| Industry including construction value added, % of GDP | 38.3% | 23.6% |
| Agriculture, forestry and fishing value added, % of GDP | 7.5% | 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 GDP | 15.9% | 27.9% |
| Government Expenditure, % of GDP | 22.6% | 31.1% |
