Annual GDP growth (%) in North Macedonia
North Macedonia: Annual GDP growth (%) was 3.0% in 2024. ◆ Volatile
Annual GDP growth in North Macedonia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
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 125th of 230 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 | % | 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% |
North Macedonia compared with similar countries
- North Macedonia's 3.0% is below the median for upper middle income countries, which is 3.5%, 86% of the median. (56 countries reporting)
- North Macedonia's 3.0% is above the median for Europe & Central Asia, which is 2.6%, 1.2× the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) 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 | +1036.6% | -0.4% | 3.4% |
| 2013 | +741.2% | -0.5% | 2.9% |
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
- 122 Poland 3.0% compare
- 123 Sint Maarten (Dutch part) 3.0% compare
- 124 Solomon Islands 3.0% compare
- 126 Eswatini 3.0% compare
- 127 Bosnia and Herzegovina 3.0% compare
- 128 Ukraine 2.9% compare
More economy & growth data for North Macedonia
- Real gdp growth, annual growth rate 16.47 % change on previous year (2025)
- 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)
- 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)
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 125th out of 230 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.
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