North Macedonia vs the Vatican City: Economic Indicators Comparison

North Macedonia with a GDP of $12.7B ranked the 135th largest economy in the world, while the Vatican City ranked 197th with $21.2M. By GDP per capita, North Macedonia and the Vatican City ranked 100th vs 44th, respectively.

Gross Domestic Product & Income

StatNorth MacedoniaVatican City
GDP$12.7B$21.2M
GDP growth, 1 year2.7%N/A
GDP growth, 5-years average2.6%N/A
Population2.1M1k
GDP per capita$6.1k$21k
GDP per capita growth2.62%N/A
Purchasing Power Parity conversion factor19.38N/A
Price level ratio of PPP conversion factor GDP to market exchange rate0.37N/A
GDP per capita, PPP adjusted$16k$30k
GNI, Atlas method$11.4BN/A
GNI per capita$5.5kN/A
GNI, PPP adjusted$32.6BN/A
GNI per capita, PPP adjusted$16kN/A

Financial system and Human development

StatNorth MacedoniaVatican City
Income Tax Rate10%N/A
Corporate Tax Rate10%N/A
Inflation, consumer prices1.5%N/A
Inflation, GDP deflator4.3%N/A
Unemployment21.6%N/A
Economic Freedom Index69.565
Personal Freedom Index8.178.5
Human Freedom Index7.557.8
Property Rights Index62.5N/A
Judical Effectiveness Index42.7N/A
Business Freedom Index80.6N/A
Fiscal Health Index87.7N/A
Labor Freedom Index67N/A
Investment Freedom Index65N/A
Financial Freedom Index60N/A
Trade Freedom Index86.2N/A
Monetary Freedom Index77.7N/A
Government Spending Index71N/A
Tax Burden Index91.5N/A
Government Integrity Index42.2N/A
Corruption Perceptions Index3760
Life expectancy at birth, years75.677
Suicide mortality rate, per 100,000 people7.90.2
Mortality caused by road traffic injury, per 100,000 people6.40.5
Intentional homicides, per 100,000 people1.50
International tourism, number of arrivals707kN/A

Government debt & reserves

StatNorth MacedoniaVatican City
Central government debt, % of GDP39.5%N/A
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%N/A
Gross savings, % of GDP33%N/A
Gross capital formation, % of GDP33%N/A
Total reserves including gold$3.3BN/A
Foreign direct investment net inflows$648.7MN/A

Exports, imports and economic structure

StatNorth MacedoniaVatican City
Exports of goods and services, % of GDP60.3%N/A
Imports of goods and services, % of GDP72.9%N/A
Current account balance (balance of payments)-$25.6MN/A
Revenue excluding grants, % of GDP26.8%N/A
Grants excluding technical cooperation, BoP$133.8MN/A
Personal remittances received$344.5MN/A
Industry including construction value added, % of GDP23.6%N/A
Agriculture, forestry and fishing value added, % of GDP7.2%N/A
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%N/A
Government Expenditure, % of GDP31.1%N/A

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

Vatican City vs

CountryGDP
per capita
Population
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M