Foreign direct investment, net outflows in North Macedonia
North Macedonia: Foreign direct investment, net outflows was 2.1% in 2025. ◆ Volatile
Foreign direct investment, net outflows in North Macedonia, 1997–2025
Source: Balance of Payments database, International Monetary Fund (IMF), note: International Monetary Fund, Balance of Payments database, supplemented by data from the United Nations Conference on Trade and D. Measured in % of GDP.
Analysis
North Macedonia recorded 2.1% for foreign direct investment, net outflows in 2025. That is the highest value across all 29 years on record.
The figure is up 647.0% on the previous year and up 218.0% over ten years.
Over the whole period, foreign direct investment, net outflows in North Macedonia peaked at 2.1% in 2025 and was at its lowest, -1.8%, in 2014.
North Macedonia ranks 33rd of 191 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign direct investment, net outflows in North Macedonia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1997 | 0.0% | — |
| 1998 | 0.0% | +861.4% |
| 1999 | 0.1% | +358.9% |
| 2000 | 0.0% | -41.3% |
| 2001 | 0.6% | +1183.2% |
| 2002 | 0.2% | -65.5% |
| 2003 | 0.0% | -85.3% |
| 2004 | -0.2% | -801.7% |
| 2005 | 0.8% | -464.5% |
| 2006 | 0.1% | -93.8% |
| 2007 | 0.4% | +687.3% |
| 2008 | 0.1% | -71.8% |
| 2009 | 0.8% | +597.3% |
| 2010 | 1.0% | +27.7% |
| 2011 | 0.3% | -67.8% |
| 2012 | 1.8% | +445.9% |
| 2013 | 0.9% | -49.1% |
| 2014 | -1.8% | -295.8% |
| 2015 | 0.7% | -137.3% |
| 2016 | 1.9% | +184.5% |
| 2017 | 1.6% | -14.0% |
| 2018 | -0.5% | -131.6% |
| 2019 | 1.2% | -326.9% |
| 2020 | -1.3% | -215.8% |
| 2021 | 1.7% | -229.9% |
| 2022 | 1.2% | -29.6% |
| 2023 | 0.7% | -41.4% |
| 2024 | -0.4% | -153.5% |
| 2025 | 2.1% | -647.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.1% | 3 |
| 2000s | 0.3% | -0.2% | 0.8% | 10 |
| 2010s | 0.7% | -1.8% | 1.9% | 10 |
| 2020s | 0.7% | -1.3% | 2.1% | 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)
- 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 outflows in North Macedonia?
- Foreign direct investment, net outflows in North Macedonia was 2.1% in 2025, according to Balance of Payments database, International Monetary Fund (IMF), note: International Monetary Fund, Balance of Payments database, supplemented by data from the United Nations Conference on Trade and D.
- What is the highest foreign direct investment, net outflows recorded in North Macedonia?
- The highest recorded value was 2.1% in 2025.
- What is the lowest foreign direct investment, net outflows recorded in North Macedonia?
- The lowest recorded value was -1.8% in 2014.
- How does North Macedonia rank for foreign direct investment, net outflows?
- North Macedonia ranks 33rd out of 191 countries with data for 2025.
- Is foreign direct investment, net outflows rising or falling in North Macedonia?
- Over the last ten years it is up 218.0%. 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 database, International Monetary Fund (IMF), note: International Monetary Fund, Balance of Payments database, supplemented by data from the United Nations Conference on Trade and D, published as part of Foreign direct investment, net outflows (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Foreign direct investment refers to direct investment equity flows in an economy. It is the sum of equity capital, reinvestment of earnings, and other capital. Direct investment is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise that is resident in another economy. Ownership of 10 percent or more of the ordinary shares of voting stock is the criterion for determining the existence of a direct investment relationship. This series shows net outflows of investment from the reporting economy to the rest of the world, and is divided by GDP.