Nepal vs North Macedonia: Economic Indicators Comparison

Nepal with a GDP of $29B ranked the 103rd largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Nepal and North Macedonia ranked 37th vs 110th and 170th vs 100th, respectively.

Gross Domestic Product & Income

StatNepalNorth Macedonia
GDP$29B$12.7B
GDP growth, 1 year6.3%2.7%
GDP growth, 5-years average4.8%2.6%
Population29.4M2.1M
GDP per capita$1k$6.1k
GDP per capita growth4.91%2.62%
Purchasing Power Parity conversion factor34.9319.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.330.37
GDP per capita, PPP adjusted$2.9k$16k
GNI, Atlas method$27.2B$11.4B
GNI per capita$970$5.5k
GNI, PPP adjusted$87.4B$32.6B
GNI per capita, PPP adjusted$3.1k$16k

Financial system and Human development

StatNepalNorth Macedonia
Income Tax Rate25%10%
Corporate Tax Rate25%10%
Inflation, consumer prices4.2%1.5%
Inflation, GDP deflator6.3%4.3%
Unemployment1.3%21.6%
Economic Freedom Index54.269.5
Personal Freedom Index7.758.17
Human Freedom Index6.837.55
Property Rights Index40.762.5
Judical Effectiveness Index3242.7
Business Freedom Index61.680.6
Fiscal Health Index98.187.7
Labor Freedom Index53.767
Investment Freedom Index1065
Financial Freedom Index3060
Trade Freedom Index60.486.2
Monetary Freedom Index71.277.7
Government Spending Index77.971
Tax Burden Index83.491.5
Government Integrity Index31.542.2
Corruption Perceptions Index3137
Life expectancy at birth, years70.275.6
Suicide mortality rate, per 100,000 people8.87.9
Mortality caused by road traffic injury, per 100,000 people15.96.4
Intentional homicides, per 100,000 people2.21.5
International tourism, number of arrivals1.2M707k

Government debt & reserves

StatNepalNorth Macedonia
Central government debt, % of GDP30.4%39.5%
External debt stocks, % of GNI18.9%72%
External debt stocks$5.5B$8.7B
Short-term debt, % of total reserves3%40.9%
Total debt service, % of exports and primary income8.5%16.6%
Adjusted net savings including particulate emission damage, % of GNI38.1%15.4%
Gross savings, % of GDP49.5%33%
Gross capital formation, % of GDP55.2%33%
Total reserves including gold$8.3B$3.3B
Foreign direct investment net inflows$68.2M$648.7M

Exports, imports and economic structure

StatNepalNorth Macedonia
Exports of goods and services, % of GDP8.9%60.3%
Imports of goods and services, % of GDP46.3%72.9%
Current account balance (balance of payments)-$2.8B-$25.6M
Revenue excluding grants, % of GDP22.9%26.8%
Grants excluding technical cooperation, BoP$629.7M$133.8M
Personal remittances received$8.3B$344.5M
Industry including construction value added, % of GDP13.5%23.6%
Agriculture, forestry and fishing value added, % of GDP25.3%7.2%
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 GDP19.4%27.9%
Government Expenditure, % of GDP27.2%31.1%

Compare with countries close by GDP per capita

Nepal vs

CountryGDP
per capita
Population
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M

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