GDP Deflator — Value Standard Local Currency, 2015 prices in North Macedonia
North Macedonia: GDP Deflator — Value Standard Local Currency, 2015 prices was 142.28 SLC in 2024. ▲ Rising
GDP Deflator — Value Standard Local Currency, 2015 prices in North Macedonia, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
In 2024, gdp deflator — value standard local currency, 2015 prices in North Macedonia stood at 142.28 SLC. That is the highest value across all 35 years on record.
That represents a change of up 2.9% on the previous year and up 45.1% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices in North Macedonia peaked at 142.28 SLC in 2024 and was at its lowest, 0.1358 SLC, in 1990.
That places North Macedonia 88th out of 209 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 Deflator — Value Standard Local Currency, 2015 prices in North Macedonia, year by year
| Year | SLC | Change |
|---|---|---|
| 1990 | 0.1358 SLC | — |
| 1991 | 0.2941 SLC | +116.6% |
| 1992 | 4.19 SLC | +1323.8% |
| 1993 | 20.96 SLC | +400.5% |
| 1994 | 47.7 SLC | +127.6% |
| 1995 | 55.86 SLC | +17.1% |
| 1996 | 57.46 SLC | +2.9% |
| 1997 | 59.72 SLC | +3.9% |
| 1998 | 60.55 SLC | +1.4% |
| 1999 | 62.2 SLC | +2.7% |
| 2000 | 67.29 SLC | +8.2% |
| 2001 | 70.47 SLC | +4.7% |
| 2002 | 71.13 SLC | +0.9% |
| 2003 | 72.31 SLC | +1.7% |
| 2004 | 72.19 SLC | -0.2% |
| 2005 | 75.72 SLC | +4.9% |
| 2006 | 78.18 SLC | +3.3% |
| 2007 | 81.78 SLC | +4.6% |
| 2008 | 86.27 SLC | +5.5% |
| 2009 | 86.52 SLC | +0.3% |
| 2010 | 88.29 SLC | +2.0% |
| 2011 | 91.57 SLC | +3.7% |
| 2012 | 92.49 SLC | +1.0% |
| 2013 | 96.64 SLC | +4.5% |
| 2014 | 98.04 SLC | +1.4% |
| 2015 | 100 SLC | +2.0% |
| 2016 | 103.47 SLC | +3.5% |
| 2017 | 106.37 SLC | +2.8% |
| 2018 | 110.55 SLC | +3.9% |
| 2019 | 111.51 SLC | +0.9% |
| 2020 | 113.04 SLC | +1.4% |
| 2021 | 117.88 SLC | +4.3% |
| 2022 | 128.34 SLC | +8.9% |
| 2023 | 138.31 SLC | +7.8% |
| 2024 | 142.28 SLC | +2.9% |
North Macedonia compared with similar countries
- North Macedonia's 142.28 SLC is above the median for upper middle income countries, which is 140.19 SLC, 1.0× the median. (51 countries reporting)
- North Macedonia's 142.28 SLC is above the median for Europe & Central Asia, which is 134.77 SLC, 1.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices 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 |
|---|---|---|---|
| 1992 | +1323.8% | 0.2941 SLC | 4.19 SLC |
| 1993 | +400.5% | 4.19 SLC | 20.96 SLC |
| 1994 | +127.6% | 20.96 SLC | 47.7 SLC |
| 1991 | +116.6% | 0.1358 SLC | 0.2941 SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 36.91 SLC | 0.1358 SLC | 62.2 SLC | 10 |
| 2000s | 76.19 SLC | 67.29 SLC | 86.52 SLC | 10 |
| 2010s | 99.89 SLC | 88.29 SLC | 111.51 SLC | 10 |
| 2020s | 127.97 SLC | 113.04 SLC | 142.28 SLC | 5 |
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0246 units per US$ of GDP (2025)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices in North Macedonia?
- Gdp deflator — value standard local currency, 2015 prices in North Macedonia was 142.28 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value standard local currency, 2015 prices recorded in North Macedonia?
- The highest recorded value was 142.28 SLC in 2024.
- What is the lowest gdp deflator — value standard local currency, 2015 prices recorded in North Macedonia?
- The lowest recorded value was 0.1358 SLC in 1990.
- How does North Macedonia rank for gdp deflator — value standard local currency, 2015 prices?
- North Macedonia ranks 88th out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices rising or falling in North Macedonia?
- Over the last ten years it is up 45.1%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).