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North Macedonia vs Russia: Economic Indicators Comparison

Russia with a GDP of $1.7T ranked the 11th largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Russia and North Macedonia ranked 162nd vs 110th and 68th vs 100th, respectively.

Gross Domestic Product & Income

StatNorth MacedoniaRussia
GDP$12.7B$1.7T
GDP growth, 1 year2.7%2.3%
GDP growth, 5-years average2.6%0.5%
Population2.1M146.8M
GDP per capita$6.1k$11k
GDP per capita growth2.62%2.26%
Purchasing Power Parity conversion factor19.3825.64
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.41
GDP per capita, PPP adjusted$16k$29k
GNI, Atlas method$11.4B$1.5T
GNI per capita$5.5k$10k
GNI, PPP adjusted$32.6B$3.9T
GNI per capita, PPP adjusted$16k$26k

Financial system and Human development

StatNorth MacedoniaRussia
Income Tax Rate10%13%
Corporate Tax Rate10%20%
Inflation, consumer prices1.5%2.9%
Inflation, GDP deflator4.3%10.3%
Unemployment21.6%4.7%
Economic Freedom Index69.561
Personal Freedom Index8.176.56
Human Freedom Index7.556.49
Property Rights Index62.556.8
Judical Effectiveness Index42.744.4
Business Freedom Index80.680.2
Fiscal Health Index87.798.7
Labor Freedom Index6752.1
Investment Freedom Index6530
Financial Freedom Index6030
Trade Freedom Index86.277.8
Monetary Freedom Index77.768.2
Government Spending Index7163.8
Tax Burden Index91.588.5
Government Integrity Index42.241.3
Corruption Perceptions Index3728
Life expectancy at birth, years75.672.1
Suicide mortality rate, per 100,000 people7.931
Mortality caused by road traffic injury, per 100,000 people6.418
Intentional homicides, per 100,000 people1.59.2
International tourism, number of arrivals707k24.6M

Government debt & reserves

StatNorth MacedoniaRussia
Central government debt, % of GDP39.5%14%
External debt stocks, % of GNI72%28.1%
External debt stocks$8.7B$453.9B
Short-term debt, % of total reserves40.9%10.3%
Total debt service, % of exports and primary income16.6%19.6%
Adjusted net savings including particulate emission damage, % of GNI15.4%8%
Gross savings, % of GDP33%30.2%
Gross capital formation, % of GDP33%22.7%
Total reserves including gold$3.3B$468.6B
Foreign direct investment net inflows$648.7M$8.8B

Exports, imports and economic structure

StatNorth MacedoniaRussia
Exports of goods and services, % of GDP60.3%30.7%
Imports of goods and services, % of GDP72.9%20.8%
Current account balance (balance of payments)-$25.6M$113.5B
Revenue excluding grants, % of GDP26.8%27.5%
Grants excluding technical cooperation, BoP$133.8M$658.1M
Personal remittances received$344.5M$8.6B
Industry including construction value added, % of GDP23.6%32.1%
Agriculture, forestry and fishing value added, % of GDP7.2%3.1%
Charges for the use of intellectual property, payments BoP$188.8M$6.3B
Charges for the use of intellectual property, receipts BoP$11.8M$876.1M
Expense, % of GDP27.9%28.9%
Government Expenditure, % of GDP31.1%34.7%

Compare with countries close by GDP per capita

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
15.5M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M

Russia vs

CountryGDP
per capita
Population
Trinidad and Tobago
$17k
1.34M
Antigua and Barbuda
$17k
101k
Seychelles
$16k
95.8k
Oman
$16k
3.63M
Hungary
$16k
9.97M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
20.9k
Panama
$16k
3.86M
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M