Africa's Development: Annual real GDP growth rate Growth rate … 02 in North Macedonia
North Macedonia: Africa's Development: Annual real GDP growth rate Growth rate … 02 was 3.5 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in North Macedonia, 1993–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
In 2029, africa's development dynamics (afdd) table 02 - annual real gdp in North Macedonia stood at 3.5 Percent per annum.
Compared with earlier readings it is down 7.9% on the previous year and down 10.5% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in North Macedonia peaked at 6.47 Percent per annum in 2007 and was at its lowest, -7.5 Percent per annum, in 1993.
North Macedonia ranks 64th of 166 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.
Africa's Development: Annual real GDP growth rate Growth rate … 02 in North Macedonia, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1993 | -7.5 Percent per annum | — |
| 1994 | -1.8 Percent per annum | -76.0% |
| 1995 | -1.1 Percent per annum | -38.9% |
| 1996 | 1.2 Percent per annum | -209.1% |
| 1997 | 1.35 Percent per annum | +12.6% |
| 1998 | 3.38 Percent per annum | +150.3% |
| 1999 | 4.35 Percent per annum | +28.6% |
| 2000 | 4.54 Percent per annum | +4.4% |
| 2001 | -3.07 Percent per annum | -167.6% |
| 2002 | 1.49 Percent per annum | -148.7% |
| 2003 | 2.22 Percent per annum | +48.8% |
| 2004 | 4.67 Percent per annum | +110.3% |
| 2005 | 4.72 Percent per annum | +1.1% |
| 2006 | 5.14 Percent per annum | +8.7% |
| 2007 | 6.47 Percent per annum | +26.0% |
| 2008 | 5.47 Percent per annum | -15.5% |
| 2009 | -0.3586 Percent per annum | -106.6% |
| 2010 | 3.36 Percent per annum | -1036.7% |
| 2011 | 2.34 Percent per annum | -30.3% |
| 2012 | -0.4562 Percent per annum | -119.5% |
| 2013 | 2.93 Percent per annum | -741.2% |
| 2014 | 3.63 Percent per annum | +24.1% |
| 2015 | 3.86 Percent per annum | +6.2% |
| 2016 | 2.85 Percent per annum | -26.1% |
| 2017 | 1.08 Percent per annum | -62.0% |
| 2018 | 2.88 Percent per annum | +166.3% |
| 2019 | 3.91 Percent per annum | +35.7% |
| 2020 | -4.69 Percent per annum | -219.9% |
| 2021 | 4.51 Percent per annum | -196.2% |
| 2022 | 2.22 Percent per annum | -50.8% |
| 2023 | 1.03 Percent per annum | -53.8% |
| 2024 | 2.7 Percent per annum | +162.8% |
| 2025 | 3.7 Percent per annum | +37.0% |
| 2026 | 3.9 Percent per annum | +5.4% |
| 2027 | 3.9 Percent per annum | +0.0% |
| 2028 | 3.8 Percent per annum | -2.6% |
| 2029 | 3.5 Percent per annum | -7.9% |
North Macedonia compared with similar countries
- North Macedonia's 3.5 Percent per annum is above the median for upper middle income countries, which is 2.7 Percent per annum, 1.3× the median. (50 countries reporting)
- North Macedonia's 3.5 Percent per annum is above the median for Europe & Central Asia, which is 2.3 Percent per annum, 1.5× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Africa's Development: Annual real GDP growth rate Growth rate … 02 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 |
|---|---|---|---|
| 2010 | +1036.7% | -0.3586 Percent per annum | 3.36 Percent per annum |
| 2013 | +741.2% | -0.4562 Percent per annum | 2.93 Percent per annum |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.0172 Percent per annum | -7.5 Percent per annum | 4.35 Percent per annum | 7 |
| 2000s | 3.13 Percent per annum | -3.07 Percent per annum | 6.47 Percent per annum | 10 |
| 2010s | 2.64 Percent per annum | -0.4562 Percent per annum | 3.91 Percent per annum | 10 |
| 2020s | 2.46 Percent per annum | -4.69 Percent per annum | 4.51 Percent per annum | 10 |
Countries ranked near North Macedonia
More economy & growth data for North Macedonia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.63 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -77.1 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.1524 units per person (2025)
- SDRs holdings, SDR, annual growth rate -78.2 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.1113 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -4.71 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0246 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 258.53 units per person (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in North Macedonia?
- Africa's development dynamics (afdd) table 02 - annual real gdp in North Macedonia was 3.5 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in North Macedonia?
- The highest recorded value was 6.47 Percent per annum in 2007.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in North Macedonia?
- The lowest recorded value was -7.5 Percent per annum in 1993.
- How does North Macedonia rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- North Macedonia ranks 64th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in North Macedonia?
- Over the last ten years it is down 10.5%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.