GDP growth in North Macedonia
North Macedonia: GDP growth was 2.99 in 2024. ◆ Volatile
Latest (2024)
2.99
Change on year
up 17.2%
World rank
30th
of 74 countries
All-time high
6.47
in 2007
All-time low
-7.47
in 1993
Years of data
34
1991–2024
GDP growth in North Macedonia, 1991–2024
Source: UNICEF.
Analysis
North Macedonia recorded 2.99 for gdp growth in 2024.
That represents a change of up 17.2% on the previous year and down 17.5% over ten years.
Over the whole period, gdp growth in North Macedonia peaked at 6.47 in 2007 and was at its lowest, -7.47, in 1993.
North Macedonia ranks 30th of 74 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.
GDP growth in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | -6.17 | — |
| 1992 | -6.57 | +6.4% |
| 1993 | -7.47 | +13.8% |
| 1994 | -1.76 | -76.5% |
| 1995 | -1.11 | -36.6% |
| 1996 | 1.19 | -206.3% |
| 1997 | 1.44 | +21.5% |
| 1998 | 3.38 | +134.6% |
| 1999 | 4.34 | +28.4% |
| 2000 | 4.55 | +4.8% |
| 2001 | -3.07 | -167.4% |
| 2002 | 1.49 | -148.7% |
| 2003 | 2.22 | +48.8% |
| 2004 | 4.67 | +110.3% |
| 2005 | 4.72 | +1.1% |
| 2006 | 5.14 | +8.7% |
| 2007 | 6.47 | +26.0% |
| 2008 | 5.47 | -15.5% |
| 2009 | -0.3586 | -106.6% |
| 2010 | 3.36 | -1036.6% |
| 2011 | 2.34 | -30.3% |
| 2012 | -0.4562 | -119.5% |
| 2013 | 2.93 | -741.2% |
| 2014 | 3.63 | +24.1% |
| 2015 | 3.86 | +6.2% |
| 2016 | 2.85 | -26.1% |
| 2017 | 1.08 | -62.0% |
| 2018 | 2.88 | +166.3% |
| 2019 | 3.91 | +35.8% |
| 2020 | -4.69 | -219.9% |
| 2021 | 4.51 | -196.2% |
| 2022 | 2.76 | -38.8% |
| 2023 | 2.55 | -7.4% |
| 2024 | 2.99 | +17.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.42 | -7.47 | 4.34 | 9 |
| 2000s | 3.13 | -3.07 | 6.47 | 10 |
| 2010s | 2.64 | -0.4562 | 3.91 | 10 |
| 2020s | 1.63 | -4.69 | 4.51 | 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.06 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 47.56 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 498,876 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.46 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5645 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 5,922 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.46 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 23.68 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is gdp growth in North Macedonia?
- Gdp growth in North Macedonia was 2.99 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in North Macedonia?
- The highest recorded value was 6.47 in 2007.
- What is the lowest gdp growth recorded in North Macedonia?
- The lowest recorded value was -7.47 in 1993.
- How does North Macedonia rank for gdp growth?
- North Macedonia ranks 30th out of 74 countries with data for 2024.
- Is gdp growth rising or falling in North Macedonia?
- Over the last ten years it is down 17.5%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from UNICEF, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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