Current account balance as a proportion of GDP in North Macedonia
North Macedonia: Current account balance as a proportion of GDP was -2.1% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in North Macedonia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in North Macedonia is -2.1%, measured in 2024.
The figure is down 761.3% on the previous year and down 336.0% over ten years.
Over the whole period, current account balance as a proportion of gdp in North Macedonia peaked at 0.3% in 2023 and was at its lowest, -12.5%, in 2008.
That places North Macedonia 119th out of 204 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in North Macedonia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -2.7% | — |
| 2001 | -6.3% | +132.1% |
| 2002 | -9.4% | +48.6% |
| 2003 | -3.8% | -60.2% |
| 2004 | -7.9% | +111.9% |
| 2005 | -2.5% | -68.0% |
| 2006 | -0.4% | -83.7% |
| 2007 | -7.3% | +1646.3% |
| 2008 | -12.5% | +71.6% |
| 2009 | -6.5% | -48.0% |
| 2010 | -2.1% | -67.5% |
| 2011 | -2.5% | +18.3% |
| 2012 | -3.3% | +31.3% |
| 2013 | -1.6% | -50.0% |
| 2014 | -0.5% | -70.6% |
| 2015 | -1.7% | +255.4% |
| 2016 | -2.7% | +55.6% |
| 2017 | -0.6% | -78.0% |
| 2018 | 0.1% | -124.4% |
| 2019 | -3.0% | -2184.5% |
| 2020 | -2.9% | -2.4% |
| 2021 | -2.7% | -8.2% |
| 2022 | -6.2% | +132.9% |
| 2023 | 0.3% | -105.1% |
| 2024 | -2.1% | -761.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.9% | -12.5% | -0.4% | 10 |
| 2010s | -1.8% | -3.3% | 0.1% | 10 |
| 2020s | -2.7% | -6.2% | 0.3% | 5 |
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)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Final consumption expenditure (constant 2015 US$), per capita 6,080 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 13.46 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.14 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 11,932 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 9.02 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 62.16 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 652,070 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 3.99 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in North Macedonia?
- Current account balance as a proportion of gdp in North Macedonia was -2.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in North Macedonia?
- The highest recorded value was 0.3% in 2023.
- What is the lowest current account balance as a proportion of gdp recorded in North Macedonia?
- The lowest recorded value was -12.5% in 2008.
- How does North Macedonia rank for current account balance as a proportion of gdp?
- North Macedonia ranks 119th out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in North Macedonia?
- Over the last ten years it is down 336.0%. 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 Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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