Current account balance as a share of GDP in North Macedonia
North Macedonia: Current account balance as a share of GDP was -2.1% in 2024. ◆ Volatile
Current account balance as a share of GDP in North Macedonia, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in North Macedonia is -2.1%, measured in 2024.
The figure is down 756.2% on the previous year and down 337.5% over ten years.
Over the whole period, current account balance as a share of gdp in North Macedonia peaked at 0.3% in 2023 and was at its lowest, -12.5%, in 2008.
North Macedonia ranks 114th of 193 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.
Current account balance as a share of GDP in North Macedonia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -2.7% | — |
| 2001 | -6.3% | +132.2% |
| 2002 | -9.4% | +48.7% |
| 2003 | -3.8% | -60.2% |
| 2004 | -8.0% | +112.0% |
| 2005 | -2.5% | -67.9% |
| 2006 | -0.4% | -83.5% |
| 2007 | -7.3% | +1631.0% |
| 2008 | -12.5% | +71.5% |
| 2009 | -6.5% | -48.0% |
| 2010 | -2.1% | -67.4% |
| 2011 | -2.5% | +18.0% |
| 2012 | -3.3% | +31.3% |
| 2013 | -1.6% | -49.8% |
| 2014 | -0.5% | -70.7% |
| 2015 | -1.7% | +256.2% |
| 2016 | -2.7% | +55.6% |
| 2017 | -0.6% | -77.8% |
| 2018 | 0.1% | -123.7% |
| 2019 | -3.0% | -2235.7% |
| 2020 | -2.9% | -2.3% |
| 2021 | -2.7% | -8.2% |
| 2022 | -6.2% | +132.8% |
| 2023 | 0.3% | -105.1% |
| 2024 | -2.1% | -756.2% |
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)
- Manufacturing, value added (constant LCU), per capita 29,955 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 12.81 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2409 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 2,528 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 8.4 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 13.17 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 138,128 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 5.39 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a share of gdp in North Macedonia?
- Current account balance as a share of gdp in North Macedonia was -2.1% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in North Macedonia?
- The highest recorded value was 0.3% in 2023.
- What is the lowest current account balance as a share 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 share of gdp?
- North Macedonia ranks 114th out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in North Macedonia?
- Over the last ten years it is down 337.5%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).