GDP (constant LCU) (UNICEF) in North Macedonia
North Macedonia: GDP (constant LCU) (UNICEF) was 508.57 billion in 2024. ▲ Rising
Latest (2024)
508.57 billion
Change on year
up 3.0%
World rank
36th
of 74 countries
All-time high
508.57 billion
in 2024
All-time low
241.72 billion
in 1995
Years of data
35
1990–2024
GDP in North Macedonia, 1990–2024
Source: UNICEF.
Analysis
North Macedonia recorded 508.57 billion for gdp in 2024. That is the highest value across all 35 years on record.
That represents a change of up 3.0% on the previous year and up 24.8% over ten years.
Over the whole period, gdp in North Macedonia peaked at 508.57 billion in 2024 and was at its lowest, 241.72 billion, in 1995.
That places North Macedonia 36th out of 74 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
GDP (constant LCU) (UNICEF) in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 306.73 billion | — |
| 1991 | 287.80 billion | -6.2% |
| 1992 | 268.91 billion | -6.6% |
| 1993 | 248.82 billion | -7.5% |
| 1994 | 244.45 billion | -1.8% |
| 1995 | 241.72 billion | -1.1% |
| 1996 | 244.59 billion | +1.2% |
| 1997 | 248.11 billion | +1.4% |
| 1998 | 256.49 billion | +3.4% |
| 1999 | 267.62 billion | +4.3% |
| 2000 | 279.79 billion | +4.5% |
| 2001 | 271.21 billion | -3.1% |
| 2002 | 275.26 billion | +1.5% |
| 2003 | 281.38 billion | +2.2% |
| 2004 | 294.53 billion | +4.7% |
| 2005 | 308.45 billion | +4.7% |
| 2006 | 324.29 billion | +5.1% |
| 2007 | 345.29 billion | +6.5% |
| 2008 | 364.18 billion | +5.5% |
| 2009 | 362.87 billion | -0.4% |
| 2010 | 375.06 billion | +3.4% |
| 2011 | 383.84 billion | +2.3% |
| 2012 | 382.09 billion | -0.5% |
| 2013 | 393.26 billion | +2.9% |
| 2014 | 407.54 billion | +3.6% |
| 2015 | 423.25 billion | +3.9% |
| 2016 | 435.30 billion | +2.8% |
| 2017 | 440.01 billion | +1.1% |
| 2018 | 452.69 billion | +2.9% |
| 2019 | 470.39 billion | +3.9% |
| 2020 | 448.34 billion | -4.7% |
| 2021 | 468.56 billion | +4.5% |
| 2022 | 481.49 billion | +2.8% |
| 2023 | 493.79 billion | +2.6% |
| 2024 | 508.57 billion | +3.0% |
North Macedonia compared with similar countries
- North Macedonia's 508.57 billion is above the median for upper middle income countries, which is 508.57 billion, 1.0× the median. (19 countries reporting)
- North Macedonia's 508.57 billion is above the median for Europe & Central Asia, which is 490.93 billion, 1.0× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 261.52 billion | 241.72 billion | 306.73 billion | 10 |
| 2000s | 310.73 billion | 271.21 billion | 364.18 billion | 10 |
| 2010s | 416.34 billion | 375.06 billion | 470.39 billion | 10 |
| 2020s | 480.15 billion | 448.34 billion | 508.57 billion | 5 |
Countries ranked near North Macedonia
More economy & growth data for North Macedonia
- Real gdp growth, annual growth rate 16.47 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate -77.1 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.1524 units per person (2025)
- SDRs holdings, SDR, annual growth rate -78.2 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.1113 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -4.71 % change on previous year (2025)
Frequently asked questions
- What is gdp in North Macedonia?
- Gdp in North Macedonia was 508.57 billion in 2024, according to UNICEF.
- What is the highest gdp recorded in North Macedonia?
- The highest recorded value was 508.57 billion in 2024.
- What is the lowest gdp recorded in North Macedonia?
- The lowest recorded value was 241.72 billion in 1995.
- How does North Macedonia rank for gdp?
- North Macedonia ranks 36th out of 74 countries with data for 2024.
- Is gdp rising or falling in North Macedonia?
- Over the last ten years it is up 24.8%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from UNICEF, published as part of GDP (constant LCU). Statizoid updates them automatically from the source API.
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