North Macedonia vs Sri Lanka: Economic Indicators Comparison

Sri Lanka with a GDP of $88.9B ranked the 65th largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Sri Lanka and North Macedonia ranked 51st vs 110th and 120th vs 100th, respectively.

Gross Domestic Product & Income

StatNorth MacedoniaSri Lanka
GDP$12.7B$88.9B
GDP growth, 1 year2.7%3%
GDP growth, 5-years average2.6%4.2%
Population2.1M21.4M
GDP per capita$6.1k$4.1k
GDP per capita growth2.62%2.13%
Purchasing Power Parity conversion factor19.3849.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.3
GDP per capita, PPP adjusted$16k$13k
GNI, Atlas method$11.4B$87.9B
GNI per capita$5.5k$4.1k
GNI, PPP adjusted$32.6B$284.1B
GNI per capita, PPP adjusted$16k$13k

Financial system and Human development

StatNorth MacedoniaSri Lanka
Income Tax Rate10%24%
Corporate Tax Rate10%28%
Inflation, consumer prices1.5%4.3%
Inflation, GDP deflator4.3%4.3%
Unemployment21.6%4.4%
Economic Freedom Index69.557.4
Personal Freedom Index8.175.24
Human Freedom Index7.555.69
Property Rights Index62.547.7
Judical Effectiveness Index42.739.2
Business Freedom Index80.676.5
Fiscal Health Index87.739.3
Labor Freedom Index6758.6
Investment Freedom Index6540
Financial Freedom Index6040
Trade Freedom Index86.267.6
Monetary Freedom Index77.771.1
Government Spending Index7188.9
Tax Burden Index91.584.8
Government Integrity Index42.234.7
Corruption Perceptions Index3738
Life expectancy at birth, years75.676.6
Suicide mortality rate, per 100,000 people7.914.6
Mortality caused by road traffic injury, per 100,000 people6.414.9
Intentional homicides, per 100,000 people1.52.3
International tourism, number of arrivals707k2.3M

Government debt & reserves

StatNorth MacedoniaSri Lanka
Central government debt, % of GDP39.5%84.1%
External debt stocks, % of GNI72%60.8%
External debt stocks$8.7B$52.6B
Short-term debt, % of total reserves40.9%118.2%
Total debt service, % of exports and primary income16.6%36%
Adjusted net savings including particulate emission damage, % of GNI15.4%28.5%
Gross savings, % of GDP33%25.5%
Gross capital formation, % of GDP33%28.6%
Total reserves including gold$3.3B$6.9B
Foreign direct investment net inflows$648.7M$1.6B

Exports, imports and economic structure

StatNorth MacedoniaSri Lanka
Exports of goods and services, % of GDP60.3%22.8%
Imports of goods and services, % of GDP72.9%30.1%
Current account balance (balance of payments)-$25.6M-$2.8B
Revenue excluding grants, % of GDP26.8%13.3%
Grants excluding technical cooperation, BoP$133.8M$182.6M
Personal remittances received$344.5M$7B
Industry including construction value added, % of GDP23.6%27%
Agriculture, forestry and fishing value added, % of GDP7.2%7.9%
Charges for the use of intellectual property, payments BoP$188.8MN/A
Charges for the use of intellectual property, receipts BoP$11.8MN/A
Expense, % of GDP27.9%16.2%
Government Expenditure, % of GDP31.1%19.2%

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
Saint Vincent
$7.4k
110k
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

Sri Lanka vs

CountryGDP
per capita
Population
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
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M