Compensation of employees (current LCU) in North Macedonia
North Macedonia: Compensation of employees (current LCU) was 44.57 billion current LCU in 2024. ▲ Rising
Compensation of employees in North Macedonia, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
North Macedonia recorded 44.57 billion current LCU for compensation of employees in 2024. That is the highest value across all 20 years on record.
The figure is up 18.9% on the previous year and up 91.1% over ten years.
Over the whole period, compensation of employees in North Macedonia peaked at 44.57 billion current LCU in 2024 and was at its lowest, 20.83 billion current LCU, in 2008.
That places North Macedonia 84th out of 156 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Compensation of employees (current LCU) in North Macedonia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 23.45 billion current LCU | — |
| 2006 | 23.92 billion current LCU | +2.0% |
| 2007 | 26.59 billion current LCU | +11.2% |
| 2008 | 20.83 billion current LCU | -21.7% |
| 2009 | 22.70 billion current LCU | +9.0% |
| 2010 | 22.64 billion current LCU | -0.3% |
| 2011 | 23.15 billion current LCU | +2.2% |
| 2012 | 22.71 billion current LCU | -1.9% |
| 2013 | 22.77 billion current LCU | +0.2% |
| 2014 | 23.33 billion current LCU | +2.4% |
| 2015 | 25.01 billion current LCU | +7.2% |
| 2016 | 26.36 billion current LCU | +5.4% |
| 2017 | 26.56 billion current LCU | +0.7% |
| 2018 | 26.71 billion current LCU | +0.6% |
| 2019 | 28.19 billion current LCU | +5.5% |
| 2020 | 30.10 billion current LCU | +6.8% |
| 2021 | 31.49 billion current LCU | +4.6% |
| 2022 | 32.87 billion current LCU | +4.4% |
| 2023 | 37.47 billion current LCU | +14.0% |
| 2024 | 44.57 billion current LCU | +18.9% |
North Macedonia compared with similar countries
- North Macedonia's 44.57 billion current LCU is below the median for upper middle income countries, which is 95.94 billion current LCU, 46% of the median. (47 countries reporting)
- North Macedonia's 44.57 billion current LCU is above the median for Europe & Central Asia, which is 31.50 billion current LCU, 1.4× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.50 billion current LCU | 20.83 billion current LCU | 26.59 billion current LCU | 5 |
| 2010s | 24.74 billion current LCU | 22.64 billion current LCU | 28.19 billion current LCU | 10 |
| 2020s | 35.30 billion current LCU | 30.10 billion current LCU | 44.57 billion current LCU | 5 |
Countries ranked near North Macedonia
More public sector data for North Macedonia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 9.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.5481 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -80 % change on previous year (2024)
Frequently asked questions
- What is compensation of employees in North Macedonia?
- Compensation of employees in North Macedonia was 44.57 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in North Macedonia?
- The highest recorded value was 44.57 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in North Macedonia?
- The lowest recorded value was 20.83 billion current LCU in 2008.
- How does North Macedonia rank for compensation of employees?
- North Macedonia ranks 84th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in North Macedonia?
- Over the last ten years it is up 91.1%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.