Annual GDP growth in North Macedonia
North Macedonia: Annual GDP growth was 3.0% in 2024. ◆ Volatile
Latest (2024)
3.0%
Change on year
up 17.2%
World rank
106th
of 196 countries
All-time high
6.5%
in 2007
All-time low
-4.7%
in 2020
Years of data
25
2000–2024
Annual GDP growth in North Macedonia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
North Macedonia recorded 3.0% for annual gdp growth in 2024.
That represents a change of up 17.2% on the previous year and down 17.5% over ten years.
Over the whole period, annual gdp growth in North Macedonia peaked at 6.5% in 2007 and was at its lowest, -4.7%, in 2020.
North Macedonia ranks 106th of 196 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.
Annual GDP growth in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.5% | — |
| 2001 | -3.1% | -167.4% |
| 2002 | 1.5% | -148.7% |
| 2003 | 2.2% | +48.8% |
| 2004 | 4.7% | +110.3% |
| 2005 | 4.7% | +1.1% |
| 2006 | 5.1% | +8.7% |
| 2007 | 6.5% | +26.0% |
| 2008 | 5.5% | -15.5% |
| 2009 | -0.4% | -106.6% |
| 2010 | 3.4% | -1036.6% |
| 2011 | 2.3% | -30.3% |
| 2012 | -0.5% | -119.5% |
| 2013 | 2.9% | -741.2% |
| 2014 | 3.6% | +24.1% |
| 2015 | 3.9% | +6.2% |
| 2016 | 2.8% | -26.1% |
| 2017 | 1.1% | -62.0% |
| 2018 | 2.9% | +166.3% |
| 2019 | 3.9% | +35.8% |
| 2020 | -4.7% | -219.9% |
| 2021 | 4.5% | -196.2% |
| 2022 | 2.8% | -38.8% |
| 2023 | 2.6% | -7.4% |
| 2024 | 3.0% | +17.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.1% | -3.1% | 6.5% | 10 |
| 2010s | 2.6% | -0.5% | 3.9% | 10 |
| 2020s | 1.6% | -4.7% | 4.5% | 5 |
Countries ranked near North Macedonia
- 103 Poland 3.0% compare
- 104 Sint Maarten (Dutch part) 3.0% compare
- 105 Solomon Islands 3.0% compare
- 107 Eswatini 3.0% compare
- 108 Bosnia and Herzegovina 3.0% compare
- 109 Ukraine 2.9% compare
More economy & growth data for North Macedonia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- GDP (current US$), annual growth rate 12.68 % change on previous year (2025)
- GDP (current US$), per capita 10,490 current US$ per person (2025)
- GDP (current LCU), annual growth rate 8.28 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 54.65 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 573,274 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 3.49 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.6552 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 6,873 constant 2015 US$ per person (2025)
Frequently asked questions
- What is annual gdp growth in North Macedonia?
- Annual gdp growth in North Macedonia was 3.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in North Macedonia?
- The highest recorded value was 6.5% in 2007.
- What is the lowest annual gdp growth recorded in North Macedonia?
- The lowest recorded value was -4.7% in 2020.
- How does North Macedonia rank for annual gdp growth?
- North Macedonia ranks 106th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in North Macedonia?
- Over the last ten years it is down 17.5%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).