Skip to content

Economy of North Macedonia vs South Sudan compared: GDP & Debt

Updated on by Georank team

North Macedonia has a GDP of $17B compared to $12B for South Sudan, ranking 138/197 and 149/197 by economy size, respectively.

North Macedonia has $9.3B in government debt (54.8% of GDP), compared to $7.04B (50.7% of GDP) in South Sudan.

North Macedonia vs South Sudan GDP by year

North Macedonia
South Sudan
1x
Year GDP, current $
North Macedonia South Sudan
2024 $16,951,682,245 -
2023 $15,855,131,189 -
2022 $13,932,436,550 -
2021 $14,000,283,827 -
2020 $12,361,036,914 -
2019 $12,606,338,449 -
2018 $12,683,068,114 -
2017 $11,307,067,070 -
2016 $10,672,467,073 -
2015 $10,064,519,963 $11,997,800,760
2014 $11,362,265,253 $13,962,212,847
2013 $10,817,702,346 $18,426,469,017
2012 $9,745,261,301 $11,931,472,169
2011 $10,494,626,768 $14,907,308,933
2010 $9,407,170,321 $14,602,072,411
2009 $9,401,736,825 $12,231,264,525
2008 $9,909,552,435 $14,586,253,383
2007 $8,336,474,974 -
2006 $6,861,226,972 -
2005 $6,258,602,873 -
2004 $5,682,784,472 -
2003 $4,946,296,599 -
2002 $4,018,365,747 -
2001 $3,709,636,031 -
2000 $3,772,859,034 -
1999 $3,863,619,285 -
1998 $3,765,745,023 -
1997 $3,912,986,091 -
1996 $4,642,021,256 -
1995 $4,707,041,315 -
1994 $3,559,608,640 -
1993 $2,682,456,897 -
1992 $2,436,849,342 -
1991 $4,938,775,510 -
1990 $4,699,646,643 -

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

GeoRank.org/economy/north-macedonia/south-sudan | CC BY

GDP per capita in North Macedonia vs South Sudan by year

North Macedonia
GDP per capita

GDP per capita, PPP
South Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
North Macedonia South Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $9,292 $26,995 - -
2023 $8,674 $25,354 - -
2022 $7,606 $24,212 - -
2021 $7,621 $22,144 - -
2020 $6,660 $19,962 - -
2019 $6,719 $20,223 - -
2018 $6,714 $18,460 - -
2017 $5,955 $17,161 - -
2016 $5,598 $16,458 - -
2015 $5,263 $15,034 $1,080 $1,155
2014 $5,925 $14,485 $1,243 $1,373
2013 $5,626 $13,663 $1,650 $1,917
2012 $5,050 $12,726 $1,109 $1,417
2011 $5,417 $12,421 $1,449 $2,718
2010 $4,833 $11,992 $1,498 $2,948
2009 $4,800 $11,532 $1,323 $2,911
2008 $5,026 $10,924 $1,654 $2,887
2007 $4,204 $9,639 - -
2006 $3,440 $8,888 - -
2005 $3,121 $7,972 - -
2004 $2,819 $7,229 - -
2003 $2,445 $6,608 - -
2002 $1,989 $6,395 - -
2001 $1,823 $6,051 - -
2000 $1,862 $6,154 - -
1999 $1,915 $5,724 - -
1998 $1,876 $5,448 - -
1997 $1,960 $5,227 - -
1996 $2,307 $5,026 - -
1995 $2,355 $4,912 - -
1994 $1,786 $4,880 - -
1993 $1,337 $4,829 - -
1992 $1,199 $5,033 - -
1991 $2,402 $5,207 - -
1990 $2,277 $5,348 - -

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

GeoRank.org/economy/north-macedonia/south-sudan | CC BY

North Macedonia's GDP per capita is $9,292, ranking 88/197, compared to $1,080 in South Sudan, ranking 175/197. Adjusted for purchasing power (GDP per capita PPP), North Macedonia ranks 78th at $26,995, while South Sudan ranks 197th at $1,155.

Economic indicators

North Macedonia South Sudan
Gross domestic product
$17B
2024
$12B
2015
GDP rank
138/197
2024
149/197
2015
GDP growth
2.99%
2023-2024
-10.8%
2014-2015
GDP per capita
$9,292
2024
$1,080
2015
GDP per capita rank
88/197
2024
175/197
2015
GDP per capita, PPP
$26,995
2024
$1,155
2015
GDP per capita PPP rank
78/197
2024
197/197
2015
Government debt
$9.3B
2024
$7.04B
2015
Debt-to-GDP ratio
54.8%
2024
50.7%
2024
Government debt per person
$5,095
2024
$633
2015
Government debt per person rank
77/185
2024
158/185
2015
Average annual personal income after taxes
$7,534
2026
$1,305
2026
Income share by richest 10%
22.9%
2019
33%
2016
Income share by poorest 10%
1.9%
2019
1.8%
2016
Government expenditure, % of GDP
36.7%
2024
18.1%
2024
Consumer prices inflation
3.5%
2023-2024
91.4%
2023-2024
Central bank interest rate
5.35%
2025
15%
2023
Unemployment rate
12.3%
2024
12.3%
2008
Population
1805954
12507858

Spending and national debt comparison by year

North Macedonia
Spending

Debt
South Sudan
Spending

Debt
1x
Year % of GDP
North Macedonia South Sudan
Government spending Government debt Government spending Government debt
2024 36.7% 54.8% 18.1% 50.7%
2023 35.5% 50.8% 21.4% 51.9%
2022 35% 50.4% 29.4% 37.3%
2021 35.3% 52.7% 44.1% 50.2%
2020 36.4% 50.8% 34.1% 49%
2019 31.4% 40.4% 47.9% 43.1%
2018 30.3% 40.4% 54.5% 77.6%
2017 31.8% 39.4% 97% 178.3%
2016 31.1% 39.7% 66.5% 164.7%
2015 32.2% 38% 34% 58.6%
2014 31.7% 38% 35.8% 37.7%
2013 31.7% 34% 25.3% 17.6%
2012 33.3% 33.7% 31.6% 8.91%
2011 31.9% 27.7% 20.8% -
2010 32.5% 24.3% - -
2009 33.6% 23.7% - -
2008 33.8% 20.6% - -
2007 31.4% 23.5% - -
2006 31.5% 30.6% - -
2005 32.5% 36.7% - -
2004 34.1% 34.6% - -
2003 36% 36.5% - -
2002 38.2% 40.5% - -
2001 37.4% 45.2% - -
2000 32% 45.6% - -
1999 33.2% 30.4% - -
1998 32.8% 33.1% - -
1997 32.9% 29.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1997–1998, retrieved 2026-02-20).

GeoRank.org/economy/north-macedonia/south-sudan | CC BY

In 2024, North Macedonia's government spending was $6.23B, accounting for 36.7% of its GDP, while South Sudan spent $4.08B, or 18.1% of GDP.

Debt-to-GDP ratio is 54.8% in North Macedonia and 50.7% in South Sudan, ranking 96/185 and 105/185, respectively.

Government deficit by year

Deficit/surplus
North Macedonia

South Sudan
1x
Year Deficit/surplus, % of GDP
North Macedonia South Sudan
2024 -4.45% 11.7%
2023 -4.61% 8.04%
2022 -5.23% 4.48%
2021 -5.32% -9.3%
2020 -8.05% -5.5%
2019 -1.97% 0.04%
2018 -1.76% -1.06%
2017 -2.73% 9.56%
2016 -2.7% -19.8%
2015 -3.48% -16.4%
2014 -4.19% -9.07%
2013 -3.84% -3.45%
2012 -3.81% -14.8%
2011 -2.47% 4.57%
2010 -2.41% -
2009 -2.63% -
2008 -0.93% -
2007 0.58% -
2006 -0.51% -
2005 0.21% -
2004 0.37% -
2003 -0.07% -
2002 -5.24% -
2001 -5.88% -
2000 2.37% -
1999 0.03% -
1998 -1.63% -
1997 -0.36% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/north-macedonia/south-sudan | CC BY

In 2015, North Macedonia's government deficit, the difference between spending and revenue, was $350M, equivalent to 3.48% of GDP. This compares to South Sudan's deficit of $1.97B, or 16.4% of GDP.

Over the past 5 years, North Macedonia recorded a fiscal deficit in 5 of those years, while South Sudan ran a deficit in 4 years. On average, North Macedonia posted an annual deficit equal to 3.56% of GDP, compared to deficit of 7.83% of GDP for South Sudan.

Inflation comparison by year

Inflation
North Macedonia

South Sudan
1x
Year Consumer prices inflation
North Macedonia South Sudan
2024 3.5% 91.4%
2023 9.4% 2.38%
2022 14.2% -6.69%
2021 3.2% 10.5%
2020 1.2% 29.7%
2019 0.8% 87.2%
2018 1.5% 83.5%
2017 1.4% 187.9%
2016 -0.2% 380%
2015 -0.3% 52.8%
2014 -0.3% 1.67%
2013 2.8% -0.06%
2012 3.3% 45.5%
2011 3.9% 46.9%
2010 1.5% 1.17%
2009 -0.7% 5.01%
2008 8.3% -
2007 2.3% -
2006 3.2% -
2005 0.5% -
2004 -0.4% -
2003 0.9% -
2002 1.1% -
2001 5.2% -
2000 6.6% -
1999 -1.3% -
1998 0.5% -
1997 1.3% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (2009–2024, retrieved 2026-04-06).

GeoRank.org/economy/north-macedonia/south-sudan | CC BY

Over the past 16 years, North Macedonia has recorded an average annual inflation rate of 2.83%, compared with 63.7% in South Sudan. In 2024, inflation was 3.5% in North Macedonia and 91.4% in South Sudan.

Balance of trade

North Macedonia South Sudan
Current account balance
-$356M
2024
$578M
2023
Current account balance ranking
102/190
2024
60/190
2023
Current account balance, % of GDP
-2.1%
2024
-4.17%
2015
Goods imports
$10.6B
2024
$2.25B
2023
Goods exports
$7.3B
2024
$4.01B
2023
Service imports
$2.01B
2024
$2.19B
2023
Service exports
$3.16B
2024
$484M
2023
Imports of goods and services, % of GDP
74.6%
2024
28.9%
2015
Exports of goods and services, % of GDP
61.7%
2024
36.7%
2015

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

North Macedonia South Sudan
Economic freedom 63.3 41
Economic freedom ranking 81/197 186/197
Property rights 56.2 n/a
Government integrity 43.2 n/a
Judicial effectiveness 49.5 n/a
Tax burden 94.9 n/a
Government spending 61.7 n/a
Fiscal health 57.7 n/a
Business freedom 72.2 n/a
Labor freedom 51.4 n/a
Monetary freedom 69.6 n/a
Trade freedom 77.8 n/a
Investment freedom 65 n/a
Financial freedom 60 n/a

Other economic metrics

North Macedonia South Sudan
Services, % of GDP
56.2%
2024
56.6%
2015
Industry, % of GDP
24.1%
2024
33.1%
2015
Agriculture, forestry, and fishing, % of GDP
6.08%
2024
10.4%
2015
GNI, Atlas method
$15.1B
2024
$11.7B
2015
GNI per capita, PPP
$25,610
2024
$1,010
2015
Total reserves including gold
$5.25B
2024
$72.9M
2023
Total reserves ranking
97/177
2024
175/177
2023
Net foreign direct investment
-$1.12B
2024
$2.21M
2019
Net inflows of foreign direct investment
$1.06B
2024
$83.4M
2024
Net outflows of foreign direct investment
-$64.9M
2024
$0
2024
Servicing debt to the IMF, % of GNI
9.59%
2024
n/a
Poverty at national poverty lines
22.2%
2022
66%
2020
Gross capital formation, % of GDP
30.6%
2024
5.75%
2015

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/north-macedonia/south-sudan | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1997–1998, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.