Current account balance in North Macedonia
North Macedonia: Current account balance was -4.3% in 2025. ◆ Volatile
Current account balance in North Macedonia, 1996–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, current account balance in North Macedonia stood at -4.3%.
That represents a change of down 103.2% on the previous year and down 149.2% over ten years.
Over the whole period, current account balance in North Macedonia peaked at 0.3% in 2023 and was at its lowest, -12.5%, in 2008.
That places North Macedonia 140th out of 200 countries with data for 2025, 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 in North Macedonia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1996 | -6.2% | — |
| 1997 | -7.0% | +13.4% |
| 1998 | -7.4% | +5.6% |
| 1999 | -1.7% | -77.2% |
| 2000 | -2.7% | +61.1% |
| 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% |
| 2025 | -4.3% | +103.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -5.6% | -7.4% | -1.7% | 4 |
| 2000s | -5.9% | -12.5% | -0.4% | 10 |
| 2010s | -1.8% | -3.3% | 0.1% | 10 |
| 2020s | -3.0% | -6.2% | 0.3% | 6 |
Countries ranked near North Macedonia
- 137 Solomon Islands -4.2% compare
- 138 Madagascar -4.3% compare
- 139 Botswana -4.3% compare
- 141 Mali -4.3% compare
- 142 Congo, Democratic Republic of the -4.3% compare
- 143 Zambia -4.4% 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)
- Gross capital formation (current US$), annual growth rate 16.83 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.3172 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 3,328 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 12.26 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 17.34 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 181,859 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 7.99 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1919 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in North Macedonia?
- Current account balance in North Macedonia was -4.3% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in North Macedonia?
- The highest recorded value was 0.3% in 2023.
- What is the lowest current account balance recorded in North Macedonia?
- The lowest recorded value was -12.5% in 2008.
- How does North Macedonia rank for current account balance?
- North Macedonia ranks 140th out of 200 countries with data for 2025.
- Is current account balance rising or falling in North Macedonia?
- Over the last ten years it is down 149.2%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.