North Macedonia vs Saint Vincent: Economic Indicators Comparison

North Macedonia with a GDP of $12.7B ranked the 135th largest economy in the world, while Saint Vincent ranked 188th with $811.3M. By GDP 5-years average growth and GDP per capita, North Macedonia and Saint Vincent ranked 110th vs 155th and 100th vs 88th, respectively.

Gross Domestic Product & Income

StatNorth MacedoniaSaint Vincent
GDP$12.7B$811.3M
GDP growth, 1 year2.7%2%
GDP growth, 5-years average2.6%0.9%
Population2.1M110k
GDP per capita$6.1k$7.4k
GDP per capita growth2.62%1.81%
Purchasing Power Parity conversion factor19.381.62
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.6
GDP per capita, PPP adjusted$16k$12k
GNI, Atlas method$11.4B$808.6M
GNI per capita$5.5k$7.3k
GNI, PPP adjusted$32.6B$1.3B
GNI per capita, PPP adjusted$16k$12k

Financial system and Human development

StatNorth MacedoniaSaint Vincent
Income Tax Rate10%30%
Corporate Tax Rate10%33%
Inflation, consumer prices1.5%2.4%
Inflation, GDP deflator4.3%0.2%
Unemployment21.6%19.8%
Economic Freedom Index69.566.8
Personal Freedom Index8.176.8
Human Freedom Index7.556.7
Property Rights Index62.550.5
Judical Effectiveness Index42.762.6
Business Freedom Index80.675.8
Fiscal Health Index87.789
Labor Freedom Index6773.3
Investment Freedom Index6570
Financial Freedom Index6040
Trade Freedom Index86.267.2
Monetary Freedom Index77.780.8
Government Spending Index7173.7
Tax Burden Index91.572.4
Government Integrity Index42.246.1
Corruption Perceptions Index3758
Life expectancy at birth, years75.672.3
Suicide mortality rate, per 100,000 people7.92.4
Mortality caused by road traffic injury, per 100,000 people6.48.2
Intentional homicides, per 100,000 people1.536.5
International tourism, number of arrivals707k80k

Government debt & reserves

StatNorth MacedoniaSaint Vincent
Central government debt, % of GDP39.5%73.1%
External debt stocks, % of GNI72%37.6%
External debt stocks$8.7B$328.2M
Short-term debt, % of total reserves40.9%0%
Total debt service, % of exports and primary income16.6%12.3%
Adjusted net savings including particulate emission damage, % of GNI15.4%0.4%
Gross savings, % of GDP33%4.4%
Gross capital formation, % of GDP33%26.2%
Total reserves including gold$3.3B$169.6M
Foreign direct investment net inflows$648.7M$110.1M

Exports, imports and economic structure

StatNorth MacedoniaSaint Vincent
Exports of goods and services, % of GDP60.3%34.9%
Imports of goods and services, % of GDP72.9%54.7%
Current account balance (balance of payments)-$25.6M-$99.1M
Revenue excluding grants, % of GDP26.8%27.2%
Grants excluding technical cooperation, BoP$133.8M$12M
Personal remittances received$344.5M$46.8M
Industry including construction value added, % of GDP23.6%15%
Agriculture, forestry and fishing value added, % of GDP7.2%7.2%
Charges for the use of intellectual property, payments BoP$188.8M$3M
Charges for the use of intellectual property, receipts BoP$11.8M$300k
Expense, % of GDP27.9%26.4%
Government Expenditure, % of GDP31.1%29.6%

Compare with countries close by GDP per capita

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
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
Samoa
$4.2k
196k

Saint Vincent vs

CountryGDP
per capita
Population
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
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