Goods and services expense (current LCU) in North Macedonia
North Macedonia: Goods and services expense (current LCU) was 19.04 billion current LCU in 2024. ▼ Falling
Goods and services expense in North Macedonia, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, goods and services expense in North Macedonia stood at 19.04 billion current LCU.
That represents a change of up 9.5% on the previous year and up 38.9% over ten years.
Over the whole period, goods and services expense in North Macedonia peaked at 28.45 billion current LCU in 2007 and was at its lowest, 11.69 billion current LCU, in 2018.
That places North Macedonia 87th out of 155 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Goods and services expense (current LCU) in North Macedonia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 25.68 billion current LCU | — |
| 2006 | 26.54 billion current LCU | +3.4% |
| 2007 | 28.45 billion current LCU | +7.2% |
| 2008 | 18.75 billion current LCU | -34.1% |
| 2009 | 16.22 billion current LCU | -13.5% |
| 2010 | 14.68 billion current LCU | -9.5% |
| 2011 | 13.96 billion current LCU | -4.9% |
| 2012 | 14.65 billion current LCU | +5.0% |
| 2013 | 13.82 billion current LCU | -5.7% |
| 2014 | 13.71 billion current LCU | -0.8% |
| 2015 | 15.59 billion current LCU | +13.7% |
| 2016 | 13.64 billion current LCU | -12.5% |
| 2017 | 12.65 billion current LCU | -7.3% |
| 2018 | 11.69 billion current LCU | -7.6% |
| 2019 | 14.05 billion current LCU | +20.2% |
| 2020 | 12.90 billion current LCU | -8.2% |
| 2021 | 14.53 billion current LCU | +12.6% |
| 2022 | 17.53 billion current LCU | +20.7% |
| 2023 | 17.39 billion current LCU | -0.8% |
| 2024 | 19.04 billion current LCU | +9.5% |
North Macedonia compared with similar countries
- North Macedonia's 19.04 billion current LCU is below the median for upper middle income countries, which is 38.49 billion current LCU, 49% of the median. (46 countries reporting)
- North Macedonia's 19.04 billion current LCU is above the median for Europe & Central Asia, which is 17.80 billion current LCU, 1.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.12 billion current LCU | 16.22 billion current LCU | 28.45 billion current LCU | 5 |
| 2010s | 13.84 billion current LCU | 11.69 billion current LCU | 15.59 billion current LCU | 10 |
| 2020s | 16.28 billion current LCU | 12.90 billion current LCU | 19.04 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 goods and services expense in North Macedonia?
- Goods and services expense in North Macedonia was 19.04 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in North Macedonia?
- The highest recorded value was 28.45 billion current LCU in 2007.
- What is the lowest goods and services expense recorded in North Macedonia?
- The lowest recorded value was 11.69 billion current LCU in 2018.
- How does North Macedonia rank for goods and services expense?
- North Macedonia ranks 87th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in North Macedonia?
- Over the last ten years it is up 38.9%. The long-run trend across the full record is falling.
- 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.