Monaco vs North Macedonia: Economic Indicators Comparison

North Macedonia with a GDP of $12.7B ranked the 135th largest economy in the world, while Monaco ranked 149th with $7.2B. By GDP per capita, North Macedonia and Monaco ranked 100th vs 1st, respectively.

Gross Domestic Product & Income

Stat	Monaco	North Macedonia
GDP	$7.2B	$12.7B
GDP growth, 1 year	6.1%	2.7%
GDP growth, 5-years average	N/A	2.6%
Population	39k	2.1M
GDP per capita	$186k	$6.1k
GDP per capita growth	5.3%	2.62%
Purchasing Power Parity conversion factor	N/A	19.38
Price level ratio of PPP conversion factor GDP to market exchange rate	N/A	0.37
GDP per capita, PPP adjusted	$98k	$16k
GNI, Atlas method	N/A	$11.4B
GNI per capita	N/A	$5.5k
GNI, PPP adjusted	N/A	$32.6B
GNI per capita, PPP adjusted	N/A	$16k

Financial system and Human development

Stat	Monaco	North Macedonia
Income Tax Rate	N/A	10%
Corporate Tax Rate	N/A	10%
Inflation, consumer prices	N/A	1.5%
Inflation, GDP deflator	0.8%	4.3%
Unemployment	6.3%	21.6%
Economic Freedom Index	83	69.5
Personal Freedom Index	8.7	8.17
Human Freedom Index	8.7	7.55
Property Rights Index	N/A	62.5
Judical Effectiveness Index	N/A	42.7
Business Freedom Index	N/A	80.6
Fiscal Health Index	N/A	87.7
Labor Freedom Index	N/A	67
Investment Freedom Index	N/A	65
Financial Freedom Index	N/A	60
Trade Freedom Index	N/A	86.2
Monetary Freedom Index	N/A	77.7
Government Spending Index	N/A	71
Tax Burden Index	N/A	91.5
Government Integrity Index	N/A	42.2
Corruption Perceptions Index	82	37
Life expectancy at birth, years	89.7	75.6
Suicide mortality rate, per 100,000 people	0.2	7.9
Mortality caused by road traffic injury, per 100,000 people	0	6.4
Intentional homicides, per 100,000 people	0	1.5
International tourism, number of arrivals	347k	707k

Government debt & reserves

Stat	Monaco	North Macedonia
Central government debt, % of GDP	N/A	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	N/A	15.4%
Gross savings, % of GDP	N/A	33%
Gross capital formation, % of GDP	N/A	33%
Total reserves including gold	N/A	$3.3B
Foreign direct investment net inflows	N/A	$648.7M

Exports, imports and economic structure

Stat	Monaco	North Macedonia
Exports of goods and services, % of GDP	N/A	60.3%
Imports of goods and services, % of GDP	N/A	72.9%
Current account balance (balance of payments)	N/A	-$25.6M
Revenue excluding grants, % of GDP	N/A	26.8%
Grants excluding technical cooperation, BoP	N/A	$133.8M
Personal remittances received	N/A	$344.5M
Industry including construction value added, % of GDP	13.1%	23.6%
Agriculture, forestry and fishing value added, % of GDP	N/A	7.2%
Charges for the use of intellectual property, payments BoP	N/A	$188.8M
Charges for the use of intellectual property, receipts BoP	N/A	$11.8M
Expense, % of GDP	N/A	27.9%
Government Expenditure, % of GDP	N/A	31.1%