Foreign direct investment, net inflows as share of GDP in North Macedonia
North Macedonia: Foreign direct investment, net inflows as share of GDP was 3.5% in 2025. ◆ Volatile
Foreign direct investment, net inflows as share of GDP in North Macedonia, 1994–2025
Source: IMF International Financial Statistics and Balance of Payments; World Bank International Debt Statistics and GDP estimates; and OECD GDP estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for foreign direct investment, net inflows as share of gdp in North Macedonia is 3.5%, measured in 2025.
The figure is down 43.3% on the previous year and up 20.0% over ten years.
Over the whole period, foreign direct investment, net inflows as share of gdp in North Macedonia peaked at 12.7% in 2001 and was at its lowest, 0.1%, in 2020.
North Macedonia ranks 64th of 198 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.
Foreign direct investment, net inflows as share of GDP in North Macedonia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1994 | 0.7% | — |
| 1995 | 0.2% | -70.1% |
| 1996 | 0.2% | +19.8% |
| 1997 | 0.4% | +66.6% |
| 1998 | 4.0% | +897.9% |
| 1999 | 2.4% | -41.1% |
| 2000 | 5.8% | +143.9% |
| 2001 | 12.7% | +119.6% |
| 2002 | 2.8% | -77.5% |
| 2003 | 2.4% | -15.3% |
| 2004 | 5.4% | +126.0% |
| 2005 | 2.3% | -57.3% |
| 2006 | 6.2% | +168.3% |
| 2007 | 8.8% | +41.2% |
| 2008 | 6.2% | -29.8% |
| 2009 | 2.8% | -55.3% |
| 2010 | 3.2% | +16.1% |
| 2011 | 4.8% | +51.0% |
| 2012 | 3.5% | -28.4% |
| 2013 | 3.7% | +7.3% |
| 2014 | 0.5% | -85.6% |
| 2015 | 2.9% | +450.0% |
| 2016 | 5.1% | +74.7% |
| 2017 | 3.4% | -34.6% |
| 2018 | 5.1% | +51.9% |
| 2019 | 4.4% | -14.8% |
| 2020 | 0.1% | -98.6% |
| 2021 | 5.0% | +7890.0% |
| 2022 | 6.1% | +23.3% |
| 2023 | 4.0% | -34.0% |
| 2024 | 6.2% | +54.1% |
| 2025 | 3.5% | -43.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.3% | 0.2% | 4.0% | 6 |
| 2000s | 5.5% | 2.3% | 12.7% | 10 |
| 2010s | 3.7% | 0.5% | 5.1% | 10 |
| 2020s | 4.2% | 0.1% | 6.2% | 6 |
Countries ranked near North Macedonia
- 61 Turkmenistan 3.7% compare
- 62 Malaysia 3.7% compare
- 63 Côte d'Ivoire 3.6% compare
- 65 Honduras 3.5% compare
- 66 Madagascar 3.4% compare
- 67 Mali 3.4% 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 (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)
- Gross capital formation (constant 2015 US$), per capita 2,013 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 10.79 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.7339 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 7,699 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 6.46 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 40.11 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is foreign direct investment, net inflows as share of gdp in North Macedonia?
- Foreign direct investment, net inflows as share of gdp in North Macedonia was 3.5% in 2025, according to IMF International Financial Statistics and Balance of Payments; World Bank International Debt Statistics and GDP estimates; and OECD GDP estimates (2026) – processed by Our World in Data.
- What is the highest foreign direct investment, net inflows as share of gdp recorded in North Macedonia?
- The highest recorded value was 12.7% in 2001.
- What is the lowest foreign direct investment, net inflows as share of gdp recorded in North Macedonia?
- The lowest recorded value was 0.1% in 2020.
- How does North Macedonia rank for foreign direct investment, net inflows as share of gdp?
- North Macedonia ranks 64th out of 198 countries with data for 2025.
- Is foreign direct investment, net inflows as share of gdp rising or falling in North Macedonia?
- Over the last ten years it is up 20.0%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from IMF International Financial Statistics and Balance of Payments; World Bank International Debt Statistics and GDP estimates; and OECD GDP estimates (2026) – processed by Our World in Data, published as part of Foreign direct investment, net inflows as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Net inflows of foreign direct investment from foreign investors to the reporting economy.