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 120th out of 205 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% |
North Macedonia compared with similar countries
- North Macedonia's -2.1% is above the median for upper middle income countries, which is -2.1%, 1.0× the median. (53 countries reporting)
- North Macedonia's -2.1% is below the median for Europe & Central Asia, which is -0.7%, 3.0× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) 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 |
|---|---|---|---|
| 2019 | -2184.5% | 0.1% | -3.0% |
| 2007 | -1646.3% | -0.4% | -7.3% |
| 2024 | -761.3% | 0.3% | -2.1% |
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
- 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 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 120th out of 205 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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