North Macedonia vs Tuvalu: Economic Indicators Comparison

North Macedonia with a GDP of $12.7B ranked the 135th largest economy in the world, while Tuvalu ranked 196th with $42.6M. By GDP per capita, North Macedonia and Tuvalu ranked 100th vs 124th, respectively.

Gross Domestic Product & Income

Stat	North Macedonia	Tuvalu
GDP	$12.7B	$42.6M
GDP growth, 1 year	2.7%	2.5%
GDP growth, 5-years average	2.6%	N/A
Population	2.1M	11k
GDP per capita	$6.1k	$3.7k
GDP per capita growth	2.62%	1.27%
Purchasing Power Parity conversion factor	19.38	1.22
Price level ratio of PPP conversion factor GDP to market exchange rate	0.37	0.91
GDP per capita, PPP adjusted	$16k	$4k
GNI, Atlas method	$11.4B	$62.5M
GNI per capita	$5.5k	$5.4k
GNI, PPP adjusted	$32.6B	$70.2M
GNI per capita, PPP adjusted	$16k	$6.1k

Financial system and Human development

Stat	North Macedonia	Tuvalu
Income Tax Rate	10%	N/A
Corporate Tax Rate	10%	N/A
Inflation, consumer prices	1.5%	N/A
Inflation, GDP deflator	4.3%	4.9%
Unemployment	21.6%	8.5%
Economic Freedom Index	69.5	60
Personal Freedom Index	8.17	6.2
Human Freedom Index	7.55	6.1
Property Rights Index	62.5	N/A
Judical Effectiveness Index	42.7	N/A
Business Freedom Index	80.6	N/A
Fiscal Health Index	87.7	N/A
Labor Freedom Index	67	N/A
Investment Freedom Index	65	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	86.2	N/A
Monetary Freedom Index	77.7	N/A
Government Spending Index	71	N/A
Tax Burden Index	91.5	N/A
Government Integrity Index	42.2	N/A
Corruption Perceptions Index	37	48
Life expectancy at birth, years	75.6	66
Suicide mortality rate, per 100,000 people	7.9	1
Mortality caused by road traffic injury, per 100,000 people	6.4	0.2
Intentional homicides, per 100,000 people	1.5	18.7
International tourism, number of arrivals	707k	2.7k

Government debt & reserves

Stat	North Macedonia	Tuvalu
Central government debt, % of GDP	39.5%	N/A
External debt stocks, % of GNI	72%	N/A
External debt stocks	$8.7B	N/A
Short-term debt, % of total reserves	40.9%	N/A
Total debt service, % of exports and primary income	16.6%	N/A
Adjusted net savings including particulate emission damage, % of GNI	15.4%	N/A
Gross savings, % of GDP	33%	N/A
Gross capital formation, % of GDP	33%	N/A
Total reserves including gold	$3.3B	N/A
Foreign direct investment net inflows	$648.7M	$299k

Exports, imports and economic structure

Stat	North Macedonia	Tuvalu
Exports of goods and services, % of GDP	60.3%	N/A
Imports of goods and services, % of GDP	72.9%	N/A
Current account balance (balance of payments)	-$25.6M	$6.8M
Revenue excluding grants, % of GDP	26.8%	N/A
Grants excluding technical cooperation, BoP	$133.8M	$9.6M
Personal remittances received	$344.5M	$4M
Industry including construction value added, % of GDP	23.6%	7.3%
Agriculture, forestry and fishing value added, % of GDP	7.2%	16.5%
Charges for the use of intellectual property, payments BoP	$188.8M	N/A
Charges for the use of intellectual property, receipts BoP	$11.8M	$14k
Expense, % of GDP	27.9%	N/A
Government Expenditure, % of GDP	31.1%	N/A