Namibia vs North Macedonia: Economic Indicators Comparison

Namibia with a GDP of $14.5B ranked the 127th largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Namibia and North Macedonia ranked 117th vs 110th and 102nd vs 100th, respectively.

Gross Domestic Product & Income

StatNamibiaNorth Macedonia
GDP$14.5B$12.7B
GDP growth, 1 year-0.1%2.7%
GDP growth, 5-years average2.4%2.6%
Population2.5M2.1M
GDP per capita$5.9k$6.1k
GDP per capita growth-2.4%2.62%
Purchasing Power Parity conversion factor7.0719.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.530.37
GDP per capita, PPP adjusted$11k$16k
GNI, Atlas method$12.8B$11.4B
GNI per capita$5.2k$5.5k
GNI, PPP adjusted$26.6B$32.6B
GNI per capita, PPP adjusted$11k$16k

Financial system and Human development

StatNamibiaNorth Macedonia
Income Tax Rate37%10%
Corporate Tax Rate34%10%
Inflation, consumer prices4.3%1.5%
Inflation, GDP deflator7%4.3%
Unemployment23.1%21.6%
Economic Freedom Index60.969.5
Personal Freedom Index7.158.17
Human Freedom Index6.977.55
Property Rights Index58.962.5
Judical Effectiveness Index58.542.7
Business Freedom Index65.680.6
Fiscal Health Index28.787.7
Labor Freedom Index84.967
Investment Freedom Index6565
Financial Freedom Index4060
Trade Freedom Index83.286.2
Monetary Freedom Index75.977.7
Government Spending Index58.171
Tax Burden Index65.791.5
Government Integrity Index4642.2
Corruption Perceptions Index5337
Life expectancy at birth, years6375.6
Suicide mortality rate, per 100,000 people8.77.9
Mortality caused by road traffic injury, per 100,000 people30.46.4
Intentional homicides, per 100,000 people17.11.5
International tourism, number of arrivals1.5M707k

Government debt & reserves

StatNamibiaNorth Macedonia
Central government debt, % of GDP47.1%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 GNI4.5%15.4%
Gross savings, % of GDP14%33%
Gross capital formation, % of GDP12.6%33%
Total reserves including gold$2.1B$3.3B
Foreign direct investment net inflows$199.6M$648.7M

Exports, imports and economic structure

StatNamibiaNorth Macedonia
Exports of goods and services, % of GDP38.7%60.3%
Imports of goods and services, % of GDP44.9%72.9%
Current account balance (balance of payments)-$354.5M-$25.6M
Revenue excluding grants, % of GDP31.6%26.8%
Grants excluding technical cooperation, BoP$127.9M$133.8M
Personal remittances received$53.7M$344.5M
Industry including construction value added, % of GDP29.3%23.6%
Agriculture, forestry and fishing value added, % of GDP7.2%7.2%
Charges for the use of intellectual property, payments BoP$1.3M$188.8M
Charges for the use of intellectual property, receipts BoP$1.4M$11.8M
Expense, % of GDP31.1%27.9%
Government Expenditure, % of GDP37.4%31.1%

Compare with countries close by GDP per capita

Namibia vs

CountryGDP
per capita
Population
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
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
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M

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
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
Samoa
$4.2k
196k