Gross domestic product (GDP) (Total economy, Domestic currency) in North Macedonia
North Macedonia: Gross domestic product (GDP) (Total economy, Domestic currency) was 1.16 trillion Domestic currency in 2027. ◆ Volatile
Gross domestic product (GDP) in North Macedonia, 1992–2027
Source: International Monetary Fund. Measured in Domestic currency.
Analysis
The most recent figure for gross domestic product (gdp) in North Macedonia is 1.16 trillion Domestic currency, measured in 2027. That is the highest value across all 36 years on record.
The figure is up 6.2% on the previous year and up 87.7% over ten years.
Over the whole period, gross domestic product (gdp) in North Macedonia peaked at 1.16 trillion Domestic currency in 2027 and was at its lowest, 12.41 billion Domestic currency, in 1992.
North Macedonia ranks 51st of 86 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) (Total economy, Domestic currency) in North Macedonia, year by year
| Year | Domestic currency | Change |
|---|---|---|
| 1992 | 12.41 billion Domestic currency | — |
| 1993 | 62.24 billion Domestic currency | +401.7% |
| 1994 | 154.03 billion Domestic currency | +147.5% |
| 1995 | 178.34 billion Domestic currency | +15.8% |
| 1996 | 185.63 billion Domestic currency | +4.1% |
| 1997 | 195.61 billion Domestic currency | +5.4% |
| 1998 | 205.03 billion Domestic currency | +4.8% |
| 1999 | 219.92 billion Domestic currency | +7.3% |
| 2000 | 248.65 billion Domestic currency | +13.1% |
| 2001 | 252.39 billion Domestic currency | +1.5% |
| 2002 | 258.58 billion Domestic currency | +2.5% |
| 2003 | 268.69 billion Domestic currency | +3.9% |
| 2004 | 280.79 billion Domestic currency | +4.5% |
| 2005 | 308.45 billion Domestic currency | +9.9% |
| 2006 | 334.84 billion Domestic currency | +8.6% |
| 2007 | 372.89 billion Domestic currency | +11.4% |
| 2008 | 414.89 billion Domestic currency | +11.3% |
| 2009 | 414.62 billion Domestic currency | -0.1% |
| 2010 | 437.30 billion Domestic currency | +5.5% |
| 2011 | 464.19 billion Domestic currency | +6.1% |
| 2012 | 466.70 billion Domestic currency | +0.5% |
| 2013 | 501.89 billion Domestic currency | +7.5% |
| 2014 | 527.63 billion Domestic currency | +5.1% |
| 2015 | 558.95 billion Domestic currency | +5.9% |
| 2016 | 594.79 billion Domestic currency | +6.4% |
| 2017 | 618.11 billion Domestic currency | +3.9% |
| 2018 | 660.88 billion Domestic currency | +6.9% |
| 2019 | 692.68 billion Domestic currency | +4.8% |
| 2020 | 655.93 billion Domestic currency | -5.3% |
| 2021 | 723.24 billion Domestic currency | +10.3% |
| 2022 | 820.82 billion Domestic currency | +13.5% |
| 2023 | 901.91 billion Domestic currency | +9.9% |
| 2024 | 964.78 billion Domestic currency | +7.0% |
| 2025 | 1.03 trillion Domestic currency | +6.4% |
| 2026 | 1.09 trillion Domestic currency | +6.4% |
| 2027 | 1.16 trillion Domestic currency | +6.2% |
North Macedonia compared with similar countries
- North Macedonia's 1.16 trillion Domestic currency is below the median for upper middle income countries, which is 7.12 trillion Domestic currency, 16% of the median. (24 countries reporting)
- North Macedonia's 1.16 trillion Domestic currency is below the median for Europe & Central Asia, which is 1.16 trillion Domestic currency, 100% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP) (Total economy, Domestic currency) in North Macedonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +401.7% | 12.41 billion Domestic currency | 62.24 billion Domestic currency |
| 1994 | +147.5% | 62.24 billion Domestic currency | 154.03 billion Domestic currency |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 151.65 billion Domestic currency | 12.41 billion Domestic currency | 219.92 billion Domestic currency | 8 |
| 2000s | 315.48 billion Domestic currency | 248.65 billion Domestic currency | 414.89 billion Domestic currency | 10 |
| 2010s | 552.31 billion Domestic currency | 437.30 billion Domestic currency | 692.68 billion Domestic currency | 10 |
| 2020s | 918.31 billion Domestic currency | 655.93 billion Domestic currency | 1.16 trillion Domestic currency | 8 |
Countries ranked near North Macedonia
- 48 Kyrgyzstan 1.45 trillion Domestic currency compare
- 49 Peru 1.24 trillion Domestic currency compare
- 50 Netherlands 1.17 trillion Domestic currency compare
- 52 Guatemala 1.03 trillion Domestic currency compare
- 53 Switzerland 880.05 billion Domestic currency compare
- 54 Ireland 679.81 billion Domestic currency compare
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 gross domestic product (gdp) in North Macedonia?
- Gross domestic product (gdp) in North Macedonia was 1.16 trillion Domestic currency in 2027, according to International Monetary Fund.
- What is the highest gross domestic product (gdp) recorded in North Macedonia?
- The highest recorded value was 1.16 trillion Domestic currency in 2027.
- What is the lowest gross domestic product (gdp) recorded in North Macedonia?
- The lowest recorded value was 12.41 billion Domestic currency in 1992.
- How does North Macedonia rank for gross domestic product (gdp)?
- North Macedonia ranks 51st out of 86 countries with data for 2027.
- Is gross domestic product (gdp) rising or falling in North Macedonia?
- Over the last ten years it is up 87.7%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP) (Total economy, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Public Sector Balance Sheet (PSBS) Database shows comprehensive estimates of public sector assets and liabilities that formed the basis for the analysis presented in the October 2018 edition of the Fiscal Monitor. The database covers a broad sample of 55 countries, of which 25 countries contain time-series estimated PSBS and the rest for one single-year data compiled as part of Financial Transparency Evaluations and IMF Technical Assistance missions. The PSBS database is compiled on a best-effort basis, using the conceptual framework of the IMF's Government Finance Statistics Manual 2014. Data for the central and general government generally replicate data reported by country authorities in the IMF's Government Finance Statistics database. Data for the central bank generally replicate data reported by country authorities in the IMF's Monetary and Financial Statistics database. Where these data fail to cover all categories of assets and liabilities, they are complemented by other data reported by statistical authorities at the national level. other international organizations, or staff estimates. Data sources for public corporations are country specific and are captured in the country specific metadata documents.