North Macedonia vs the United States: Economic Indicators Comparison

The United States with a GDP of $20.5T ranked the 1st largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, the United States and North Macedonia ranked 113th vs 110th and 11th vs 100th, respectively.

Gross Domestic Product & Income

StatNorth MacedoniaUnited States
GDP$12.7B$20.5T
GDP growth, 1 year2.7%2.9%
GDP growth, 5-years average2.6%2.4%
Population2.1M325.1M
GDP per capita$6.1k$63k
GDP per capita growth2.62%2.29%
Purchasing Power Parity conversion factor19.381
Price level ratio of PPP conversion factor GDP to market exchange rate0.371
GDP per capita, PPP adjusted$16k$63k
GNI, Atlas method$11.4B$20.6T
GNI per capita$5.5k$63k
GNI, PPP adjusted$32.6B$20.8T
GNI per capita, PPP adjusted$16k$64k

Financial system and Human development

StatNorth MacedoniaUnited States
Income Tax Rate10%37%
Corporate Tax Rate10%21%
Inflation, consumer prices1.5%2.4%
Inflation, GDP deflator4.3%2.4%
Unemployment21.6%3.9%
Economic Freedom Index69.576.6
Personal Freedom Index8.178.55
Human Freedom Index7.558.39
Property Rights Index62.581.8
Judical Effectiveness Index42.783.7
Business Freedom Index80.683.3
Fiscal Health Index87.754.3
Labor Freedom Index6787.9
Investment Freedom Index6585
Financial Freedom Index6080
Trade Freedom Index86.279.8
Monetary Freedom Index77.775.5
Government Spending Index7156.5
Tax Burden Index91.574.6
Government Integrity Index42.277.2
Corruption Perceptions Index3771
Life expectancy at birth, years75.678.5
Suicide mortality rate, per 100,000 people7.915.3
Mortality caused by road traffic injury, per 100,000 people6.412.4
Intentional homicides, per 100,000 people1.55.3
International tourism, number of arrivals707k79.7M

Government debt & reserves

StatNorth MacedoniaUnited States
Central government debt, % of GDP39.5%105.8%
External debt stocks, % of GNI72%N/A
External debt stocks$8.7BN/A
Short-term debt, % of total reserves40.9%N/A
Total debt service, % of exports and primary income16.6%N/A
Adjusted net savings including particulate emission damage, % of GNI15.4%6.1%
Gross savings, % of GDP33%18.6%
Gross capital formation, % of GDP33%21%
Total reserves including gold$3.3B$449.9B
Foreign direct investment net inflows$648.7M$258.4B

Exports, imports and economic structure

StatNorth MacedoniaUnited States
Exports of goods and services, % of GDP60.3%12.2%
Imports of goods and services, % of GDP72.9%15.3%
Current account balance (balance of payments)-$25.6M-$491B
Revenue excluding grants, % of GDP26.8%17.2%
Grants excluding technical cooperation, BoP$133.8MN/A
Personal remittances received$344.5M$6.7B
Industry including construction value added, % of GDP23.6%18.2%
Agriculture, forestry and fishing value added, % of GDP7.2%0.9%
Charges for the use of intellectual property, payments BoP$188.8M$56.1B
Charges for the use of intellectual property, receipts BoP$11.8M$128.7B
Expense, % of GDP27.9%22.4%
Government Expenditure, % of GDP31.1%38.1%

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

United States vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k