North Macedonia World Economy Ranking: 61 stats

Economic indicators provided by The World Bank. Freedom indexes by The Heritage and Cato Institute. Human development data from the United Nations Office of Drugs and Crime.

Gross Domestic Product & Income

StatNorth MacedoniaRank
GDP$12.7B135
GDP growth, 1 year2.7%113
GDP growth, 5-years average2.6%110
Population2.1M145
GDP per capita$6.1k100
GDP per capita growth2.62%72
Purchasing Power Parity conversion factor19.3870
Price level ratio of PPP conversion factor GDP to market exchange rate0.37139
GDP per capita, PPP adjusted$16k89
GNI, Atlas method$11.4B135
GNI per capita$5.5k97
GNI, PPP adjusted$32.6B126
GNI per capita, PPP adjusted$16k83

Financial system and Human development

StatNorth MacedoniaRank
Income Tax Rate10%23
Corporate Tax Rate10%17
Inflation, consumer prices1.5%57
Inflation, GDP deflator4.3%124
Unemployment21.6%188
Economic Freedom Index69.545
Personal Freedom Index8.1749
Human Freedom Index7.5552
Property Rights Index62.564
Judical Effectiveness Index42.793
Business Freedom Index80.625
Fiscal Health Index87.765
Labor Freedom Index6752
Investment Freedom Index6569
Financial Freedom Index6047
Trade Freedom Index86.240
Monetary Freedom Index77.775
Government Spending Index7189
Tax Burden Index91.518
Government Integrity Index42.279
Corruption Perceptions Index37110
Life expectancy at birth, years75.676
Suicide mortality rate, per 100,000 people7.9107
Mortality caused by road traffic injury, per 100,000 people6.439
Intentional homicides, per 100,000 people1.558
International tourism, number of arrivals707k128

Government debt & reserves

StatNorth MacedoniaRank
Central government debt, % of GDP39.5%126
External debt stocks, % of GNI72%24
External debt stocks$8.7B66
Short-term debt, % of total reserves40.9%34
Total debt service, % of exports and primary income16.6%40
Adjusted net savings including particulate emission damage, % of GNI15.4%38
Gross savings, % of GDP33%25
Gross capital formation, % of GDP33%27
Total reserves including gold$3.3B106
Foreign direct investment net inflows$648.7M99

Exports, imports and economic structure

StatNorth MacedoniaRank
Exports of goods and services, % of GDP60.3%32
Imports of goods and services, % of GDP72.9%26
Current account balance (balance of payments)-$25.6M58
Revenue excluding grants, % of GDP26.8%65
Grants excluding technical cooperation, BoP$133.8M88
Personal remittances received$344.5M115
Industry including construction value added, % of GDP23.6%110
Agriculture, forestry and fishing value added, % of GDP7.2%90
Charges for the use of intellectual property, payments BoP$188.8M61
Charges for the use of intellectual property, receipts BoP$11.8M72
Expense, % of GDP27.9%63
Government Expenditure, % of GDP31.1%90

Compare North Macedonia Economy with other countries

CountryGDP
per capita
Population
CountryGDP
per capita
Population
Afghanistan
$521
34.9M
Albania
$5.3k
3.02M
Algeria
$4.1k
41.3M
Andorra
$42k
76.2k
Angola
$3.4k
29.8M
Antigua and Barbuda
$17k
102k
Argentina
$12k
44.9M
Armenia
$4.2k
2.93M
Australia
$57k
24.5M
Austria
$51k
8.81M
Azerbaijan
$4.7k
10M
Bahamas
$32k
395k
Bahrain
$24k
1.49M
Bangladesh
$1.7k
165M
Barbados
$18k
286k
Belarus
$6.3k
9.41M
Belgium
$48k
11.4M
Belize
$4.9k
375k
Benin
$902
11.2M
Bhutan
$3.2k
808k
Bolivia
$3.5k
11.1M
Bosnia and Herzegovina
$6.1k
3.51M
Botswana
$8.3k
2.29M
Brazil
$8.9k
210M
Brunei
$32k
429k
Bulgaria
$9.3k
7M
Burkina Faso
$715
19.2M
Burundi
$272
10.9M
Cambodia
$1.5k
16M
Cameroon
$1.5k
24.1M
Canada
$46k
37.9M
Cape Verde
$3.6k
546k
Cayman Islands
$81k
58.4k
Central African Republic
$476
4.66M
Chad
$728
15.5M
Chile
$16k
18.1M
China
$9.8k
1.41B
Colombia
$6.7k
49.1M
Comoros
$1.4k
824k
Congo
$2.1k
5.26M
Costa Rica
$12k
4.91M
Croatia
$15k
4.11M
Cuba
$8.8k
11.5M
Curacao
$20k
160k
Cyprus
$28k
1.14M
Czech Republic
$23k
10.7M
DR Congo
$562
86.8M
Denmark
$61k
5.83M
Djibouti
$3.1k
957k
Dominica
$7.7k
73.9k
Dominican Republic
$8.1k
10.4M
East Timor
$2k
1.3M
Ecuador
$6.3k
16.6M
Egypt
$2.5k
94.8M
El Salvador
$4.1k
6.42M
Equatorial Guinea
$10k
1.27M
Eritrea
$811
3.5M
Estonia
$23k
1.32M
Eswatini
$4.1k
1.37M
Ethiopia
$772
105M
Fiji
$6.3k
906k
Finland
$50k
5.5M
France
$41k
66.6M
Gabon
$8k
2.03M
Gambia
$716
2.1M
Georgia
$4.7k
3.72M
Germany
$48k
83.1M
Ghana
$2.2k
26.9M
Greece
$20k
10.8M
Grenada
$11k
108k
Guatemala
$4.5k
17.3M
Guinea
$879
12.7M
Guinea-Bissau
$778
1.86M
Guyana
$5k
778k
Haiti
$868
11M
Honduras
$2.5k
9.27M
Hungary
$16k
9.94M
Iceland
$73k
357k
India
$2k
1.33B
Indonesia
$3.9k
264M
Iran
$5.6k
80M
Iraq
$5.8k
38.3M
Ireland
$79k
4.76M
Israel
$42k
9.09M
Italy
$34k
60.3M
Ivory Coast
$1.7k
24.3M
Jamaica
$5.4k
2.89M
Japan
$39k
127M
Jordan
$4.2k
10.4M
Kazakhstan
$9.8k
18.3M
Kenya
$1.7k
48.5M
Kiribati
$1.6k
116k
Kuwait
$34k
4.6M
Kyrgyzstan
$1.3k
6.2M
Laos
$2.5k
6.86M
Latvia
$18k
1.91M
Lebanon
$8.3k
6.1M
Lesotho
$1.3k
2.23M
Liberia
$677
4.73M
Libya
$7.2k
6.68M
Liechtenstein
$165k
37.9k
Lithuania
$19k
2.79M
Luxembourg
$117k
626k
Madagascar
$528
25.6M
Malawi
$389
18.6M
Malaysia
$11k
31.6M
Maldives
$10k
436k
Mali
$900
18.5M
Malta
$30k
465k
Marshall Islands
$3.8k
53.1k
Mauritania
$1.2k
4.42M
Mauritius
$11k
1.26M
Mexico
$9.7k
131M
Moldova
$3.2k
2.55M
Monaco
$186k
38.7k
Mongolia
$4.1k
3.08M
Montenegro
$8.8k
622k
Morocco
$3.2k
36M
Mozambique
$499
29.7M
Myanmar
$1.3k
53.4M
Namibia
$5.9k
2.53M
Nauru
$9.9k
13.7k
Nepal
$1k
29.4M
Netherlands
$53k
17.3M
New Zealand
$42k
4.94M
Nicaragua
$2k
6.22M
Niger
$414
21.5M
Nigeria
$2k
191M
North Korea
$1.7k
25.5M
Norway
$82k
5.37M
Oman
$16k
4.83M
Pakistan
$1.5k
197M
Palau
$16k
21.7k
Palestine
$3.2k
4.68M
Panama
$16k
4.1M
Papua New Guinea
$2.7k
8.25M
Paraguay
$5.8k
6.81M
Peru
$6.9k
29.4M
Philippines
$3.1k
105M
Poland
$15k
38.4M
Portugal
$23k
10.6M
Qatar
$69k
2.64M
Romania
$12k
19.6M
Russia
$11k
147M
Rwanda
$773
12.2M
Saint Kitts and Nevis
$19k
55.3k
Saint Lucia
$11k
179k
Saint Vincent
$7.4k
110k
Samoa
$4.2k
196k
San Marino
$48k
33.4k
Sao Tome and Principe
$2k
204k
Saudi Arabia
$23k
33M
Senegal
$1.5k
15.9M
Serbia
$7.2k
7.02M
Seychelles
$16k
95.8k
Sierra Leone
$534
7.56M
Singapore
$65k
5.89M
Slovakia
$19k
5.4M
Slovenia
$26k
2.07M
Solomon Islands
$2.1k
611k
Somalia
$315
11M
South Africa
$6.4k
57.7M
South Korea
$31k
51.5M
South Sudan
$1.1k
12.6M
Spain
$30k
46.7M
Sri Lanka
$4.1k
21.4M
Sudan
$977
40.5M
Suriname
$6.2k
563k
Sweden
$55k
10.3M
Switzerland
$83k
8.47M
Syria
$2k
18.3M
Taiwan
$25k
23.6M
Tajikistan
$827
8.92M
Tanzania
$1.1k
57.3M
Thailand
$7.3k
65.9M
Togo
$679
7.8M
Tonga
$4.4k
108k
Trinidad and Tobago
$17k
1.37M
Tunisia
$3.4k
11.6M
Turkey
$9.4k
82M
Turkmenistan
$7k
5.85M
Tuvalu
$3.7k
11.2k
Uganda
$643
42.9M
Ukraine
$3.1k
42.6M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
United States
$63k
325M
Uruguay
$17k
3.46M
Uzbekistan
$1.5k
32.4M
Vanuatu
$3.1k
276k
Vatican City
$21k
1k
Venezuela
$16k
28.5M
Vietnam
$2.6k
94.7M
Yemen
$944
28.3M
Zambia
$1.5k
17.1M
Zimbabwe
$2.1k
16.5M