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

StatMonacoNorth Macedonia
GDP$7.2B$12.7B
GDP growth, 1 year6.1%2.7%
GDP growth, 5-years averageN/A2.6%
Population39k2.1M
GDP per capita$186k$6.1k
GDP per capita growth5.3%2.62%
Purchasing Power Parity conversion factorN/A19.38
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.37
GDP per capita, PPP adjusted$98k$16k
GNI, Atlas methodN/A$11.4B
GNI per capitaN/A$5.5k
GNI, PPP adjustedN/A$32.6B
GNI per capita, PPP adjustedN/A$16k

Financial system and Human development

StatMonacoNorth Macedonia
Income Tax RateN/A10%
Corporate Tax RateN/A10%
Inflation, consumer pricesN/A1.5%
Inflation, GDP deflator0.8%4.3%
Unemployment6.3%21.6%
Economic Freedom Index8369.5
Personal Freedom Index8.78.17
Human Freedom Index8.77.55
Property Rights IndexN/A62.5
Judical Effectiveness IndexN/A42.7
Business Freedom IndexN/A80.6
Fiscal Health IndexN/A87.7
Labor Freedom IndexN/A67
Investment Freedom IndexN/A65
Financial Freedom IndexN/A60
Trade Freedom IndexN/A86.2
Monetary Freedom IndexN/A77.7
Government Spending IndexN/A71
Tax Burden IndexN/A91.5
Government Integrity IndexN/A42.2
Corruption Perceptions Index8237
Life expectancy at birth, years89.775.6
Suicide mortality rate, per 100,000 people0.27.9
Mortality caused by road traffic injury, per 100,000 people06.4
Intentional homicides, per 100,000 people01.5
International tourism, number of arrivals347k707k

Government debt & reserves

StatMonacoNorth Macedonia
Central government debt, % of GDPN/A39.5%
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 GNIN/A15.4%
Gross savings, % of GDPN/A33%
Gross capital formation, % of GDPN/A33%
Total reserves including goldN/A$3.3B
Foreign direct investment net inflowsN/A$648.7M

Exports, imports and economic structure

StatMonacoNorth Macedonia
Exports of goods and services, % of GDPN/A60.3%
Imports of goods and services, % of GDPN/A72.9%
Current account balance (balance of payments)N/A-$25.6M
Revenue excluding grants, % of GDPN/A26.8%
Grants excluding technical cooperation, BoPN/A$133.8M
Personal remittances receivedN/A$344.5M
Industry including construction value added, % of GDP13.1%23.6%
Agriculture, forestry and fishing value added, % of GDPN/A7.2%
Charges for the use of intellectual property, payments BoPN/A$188.8M
Charges for the use of intellectual property, receipts BoPN/A$11.8M
Expense, % of GDPN/A27.9%
Government Expenditure, % of GDPN/A31.1%

Compare with countries close by GDP per capita

Monaco vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k

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