Foreign direct investment, net inflows in North Macedonia
North Macedonia: Foreign direct investment, net inflows was 3.5% in 2025. ◆ Volatile
Foreign direct investment, net inflows in North Macedonia, 1994–2025
Source: International Financial Statistics and Balance of Payments databases, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, foreign direct investment, net inflows in North Macedonia stood at 3.5%.
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 in North Macedonia peaked at 12.7% in 2001 and was at its lowest, 0.1%, in 2020.
North Macedonia ranks 66th of 200 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 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
- 63 Turkmenistan 3.7% compare
- 64 Malaysia 3.7% compare
- 65 Côte d'Ivoire 3.6% compare
- 67 Honduras 3.5% compare
- 68 Madagascar 3.4% compare
- 69 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)
- Households and NPISHs Final consumption expenditure (current LCU) 6.35 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 35.87 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 376,255 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.12 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4847 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 5,084 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 12.2 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8202 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is foreign direct investment, net inflows in North Macedonia?
- Foreign direct investment, net inflows in North Macedonia was 3.5% in 2025, according to International Financial Statistics and Balance of Payments databases, International Monetary Fund (IMF).
- What is the highest foreign direct investment, net inflows recorded in North Macedonia?
- The highest recorded value was 12.7% in 2001.
- What is the lowest foreign direct investment, net inflows recorded in North Macedonia?
- The lowest recorded value was 0.1% in 2020.
- How does North Macedonia rank for foreign direct investment, net inflows?
- North Macedonia ranks 66th out of 200 countries with data for 2025.
- Is foreign direct investment, net inflows 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 International Financial Statistics and Balance of Payments databases, International Monetary Fund (IMF), published as part of Foreign direct investment, net inflows (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Foreign direct investment is the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows net inflows (new investment inflows less disinvestment) in the reporting economy from foreign investors, and is divided by GDP.