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North Macedonia vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, South Africa and North Macedonia ranked 151st vs 110th and 95th vs 100th, respectively.

Gross Domestic Product & Income

StatNorth MacedoniaSouth Africa
GDP$12.7B$368.3B
GDP growth, 1 year2.7%0.8%
GDP growth, 5-years average2.6%1.1%
Population2.1M57.7M
GDP per capita$6.1k$6.4k
GDP per capita growth2.62%-0.57%
Purchasing Power Parity conversion factor19.386.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.47
GDP per capita, PPP adjusted$16k$14k
GNI, Atlas method$11.4B$332.3B
GNI per capita$5.5k$5.8k
GNI, PPP adjusted$32.6B$765.8B
GNI per capita, PPP adjusted$16k$13k

Financial system and Human development

StatNorth MacedoniaSouth Africa
Income Tax Rate10%45%
Corporate Tax Rate10%28%
Inflation, consumer prices1.5%4.6%
Inflation, GDP deflator4.3%3.9%
Unemployment21.6%27%
Economic Freedom Index69.558.8
Personal Freedom Index8.176.92
Human Freedom Index7.556.78
Property Rights Index62.558.4
Judical Effectiveness Index42.738
Business Freedom Index80.662
Fiscal Health Index87.764
Labor Freedom Index6758.8
Investment Freedom Index6545
Financial Freedom Index6050
Trade Freedom Index86.275.8
Monetary Freedom Index77.775.9
Government Spending Index7167.4
Tax Burden Index91.563.7
Government Integrity Index42.246.6
Corruption Perceptions Index3743
Life expectancy at birth, years75.663.5
Suicide mortality rate, per 100,000 people7.911.6
Mortality caused by road traffic injury, per 100,000 people6.425.9
Intentional homicides, per 100,000 people1.535.9
International tourism, number of arrivals707k10.5M

Government debt & reserves

StatNorth MacedoniaSouth Africa
Central government debt, % of GDP39.5%56.7%
External debt stocks, % of GNI72%50.6%
External debt stocks$8.7B$179.3B
Short-term debt, % of total reserves40.9%70.9%
Total debt service, % of exports and primary income16.6%19.9%
Adjusted net savings including particulate emission damage, % of GNI15.4%0.6%
Gross savings, % of GDP33%14.9%
Gross capital formation, % of GDP33%17.9%
Total reserves including gold$3.3B$51.6B
Foreign direct investment net inflows$648.7M$5.5B

Exports, imports and economic structure

StatNorth MacedoniaSouth Africa
Exports of goods and services, % of GDP60.3%29.9%
Imports of goods and services, % of GDP72.9%29.6%
Current account balance (balance of payments)-$25.6M-$13.4B
Revenue excluding grants, % of GDP26.8%30.9%
Grants excluding technical cooperation, BoP$133.8M$817.9M
Personal remittances received$344.5M$929M
Industry including construction value added, % of GDP23.6%25.9%
Agriculture, forestry and fishing value added, % of GDP7.2%2.2%
Charges for the use of intellectual property, payments BoP$188.8M$1.8B
Charges for the use of intellectual property, receipts BoP$11.8M$120.7M
Expense, % of GDP27.9%34.4%
Government Expenditure, % of GDP31.1%33%

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
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
Samoa
$4.2k
190k

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
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
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