External balance on goods and services in North Macedonia
North Macedonia: External balance on goods and services was -2.63 billion current US$ in 2025. ◆ Volatile
External balance on goods and services in North Macedonia, 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for external balance on goods and services in North Macedonia is -2.63 billion current US$, measured in 2025.
Compared with earlier readings it is down 19.4% on the previous year and down 60.8% over ten years.
Over the whole period, external balance on goods and services in North Macedonia peaked at 23.00 million current US$ in 1992 and was at its lowest, -2.87 billion current US$, in 2022.
That places North Macedonia 138th out of 193 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in North Macedonia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1990 | -448.88 million current US$ | — |
| 1991 | -139.51 million current US$ | -68.9% |
| 1992 | 23.00 million current US$ | -116.5% |
| 1993 | -202.59 million current US$ | -980.8% |
| 1994 | -345.70 million current US$ | +70.6% |
| 1995 | -436.62 million current US$ | +26.3% |
| 1996 | -710.85 million current US$ | +62.8% |
| 1997 | -972.47 million current US$ | +36.8% |
| 1998 | -1.13 billion current US$ | +16.4% |
| 1999 | -1.03 billion current US$ | -9.4% |
| 2000 | -538.25 million current US$ | -47.5% |
| 2001 | -485.24 million current US$ | -9.9% |
| 2002 | -760.75 million current US$ | +56.8% |
| 2003 | -779.37 million current US$ | +2.4% |
| 2004 | -1.11 billion current US$ | +41.9% |
| 2005 | -1.02 billion current US$ | -8.2% |
| 2006 | -1.16 billion current US$ | +14.6% |
| 2007 | -1.49 billion current US$ | +27.9% |
| 2008 | -2.49 billion current US$ | +67.2% |
| 2009 | -2.03 billion current US$ | -18.6% |
| 2010 | -1.72 billion current US$ | -15.1% |
| 2011 | -1.99 billion current US$ | +15.5% |
| 2012 | -2.09 billion current US$ | +5.2% |
| 2013 | -1.95 billion current US$ | -6.6% |
| 2014 | -1.96 billion current US$ | +0.1% |
| 2015 | -1.63 billion current US$ | -16.5% |
| 2016 | -1.59 billion current US$ | -2.9% |
| 2017 | -1.57 billion current US$ | -1.3% |
| 2018 | -1.58 billion current US$ | +1.0% |
| 2019 | -1.73 billion current US$ | +9.7% |
| 2020 | -1.57 billion current US$ | -9.5% |
| 2021 | -2.22 billion current US$ | +41.2% |
| 2022 | -2.87 billion current US$ | +29.3% |
| 2023 | -2.06 billion current US$ | -28.1% |
| 2024 | -2.20 billion current US$ | +6.6% |
| 2025 | -2.63 billion current US$ | +19.4% |
North Macedonia compared with similar countries
- North Macedonia's -2.63 billion current US$ is below the median for upper middle income countries, which is -347.73 million current US$, 7.5× the median. (53 countries reporting)
- North Macedonia's -2.63 billion current US$ is below the median for Europe & Central Asia, which is -50.32 million current US$, 52.2× the median. (52 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in North Macedonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | -980.8% | 23.00 million current US$ | -202.59 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -539.08 million current US$ | -1.13 billion current US$ | 23.00 million current US$ | 10 |
| 2000s | -1.19 billion current US$ | -2.49 billion current US$ | -485.24 million current US$ | 10 |
| 2010s | -1.78 billion current US$ | -2.09 billion current US$ | -1.57 billion current US$ | 10 |
| 2020s | -2.26 billion current US$ | -2.87 billion current US$ | -1.57 billion current US$ | 6 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 400.07 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0209 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 219.71 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 675.78 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -36.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0354 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 371.12 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.51 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services in North Macedonia?
- External balance on goods and services in North Macedonia was -2.63 billion current US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in North Macedonia?
- The highest recorded value was 23.00 million current US$ in 1992.
- What is the lowest external balance on goods and services recorded in North Macedonia?
- The lowest recorded value was -2.87 billion current US$ in 2022.
- How does North Macedonia rank for external balance on goods and services?
- North Macedonia ranks 138th out of 193 countries with data for 2025.
- Is external balance on goods and services rising or falling in North Macedonia?
- Over the last ten years it is down 60.8%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.