Gross domestic product (GDP) in North Macedonia
North Macedonia: Gross domestic product (GDP) was 40.75 billion international-$ in 2021 prices in 2023. ▲ Rising
Latest (2023)
40.75 billion international-$ in 2021 prices
Change on year
up 0.8%
World rank
130th
of 184 countries
All-time high
40.75 billion international-$ in 2021 prices
in 2023
All-time low
13.30 billion international-$ in 2021 prices
in 1992
Years of data
34
1990–2023
Gross domestic product (GDP) in North Macedonia, 1990–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gross domestic product (gdp) in North Macedonia is 40.75 billion international-$ in 2021 prices, measured in 2023. That is the highest value across all 34 years on record.
The figure is up 0.8% on the previous year and up 35.1% over ten years.
Over the whole period, gross domestic product (gdp) in North Macedonia peaked at 40.75 billion international-$ in 2021 prices in 2023 and was at its lowest, 13.30 billion international-$ in 2021 prices, in 1992.
That places North Macedonia 130th out of 184 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Gross domestic product (GDP) in North Macedonia, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1990 | 14.48 billion international-$ in 2021 prices | — |
| 1991 | 14.22 billion international-$ in 2021 prices | -1.8% |
| 1992 | 13.30 billion international-$ in 2021 prices | -6.4% |
| 1993 | 13.37 billion international-$ in 2021 prices | +0.5% |
| 1994 | 13.51 billion international-$ in 2021 prices | +1.1% |
| 1995 | 13.80 billion international-$ in 2021 prices | +2.1% |
| 1996 | 13.95 billion international-$ in 2021 prices | +1.1% |
| 1997 | 14.53 billion international-$ in 2021 prices | +4.2% |
| 1998 | 15.33 billion international-$ in 2021 prices | +5.5% |
| 1999 | 16.75 billion international-$ in 2021 prices | +9.3% |
| 2000 | 18.46 billion international-$ in 2021 prices | +10.2% |
| 2001 | 19.22 billion international-$ in 2021 prices | +4.1% |
| 2002 | 19.41 billion international-$ in 2021 prices | +1.0% |
| 2003 | 19.69 billion international-$ in 2021 prices | +1.4% |
| 2004 | 20.26 billion international-$ in 2021 prices | +2.9% |
| 2005 | 22.42 billion international-$ in 2021 prices | +10.6% |
| 2006 | 23.37 billion international-$ in 2021 prices | +4.3% |
| 2007 | 24.99 billion international-$ in 2021 prices | +6.9% |
| 2008 | 27.63 billion international-$ in 2021 prices | +10.6% |
| 2009 | 28.91 billion international-$ in 2021 prices | +4.6% |
| 2010 | 29.73 billion international-$ in 2021 prices | +2.8% |
| 2011 | 29.44 billion international-$ in 2021 prices | -1.0% |
| 2012 | 30.61 billion international-$ in 2021 prices | +4.0% |
| 2013 | 30.18 billion international-$ in 2021 prices | -1.4% |
| 2014 | 31.79 billion international-$ in 2021 prices | +5.4% |
| 2015 | 33.13 billion international-$ in 2021 prices | +4.2% |
| 2016 | 34.95 billion international-$ in 2021 prices | +5.5% |
| 2017 | 35.26 billion international-$ in 2021 prices | +0.9% |
| 2018 | 36.39 billion international-$ in 2021 prices | +3.2% |
| 2019 | 38.96 billion international-$ in 2021 prices | +7.1% |
| 2020 | 36.98 billion international-$ in 2021 prices | -5.1% |
| 2021 | 39.61 billion international-$ in 2021 prices | +7.1% |
| 2022 | 40.43 billion international-$ in 2021 prices | +2.1% |
| 2023 | 40.75 billion international-$ in 2021 prices | +0.8% |
North Macedonia compared with similar countries
- North Macedonia's 40.75 billion international-$ in 2021 prices is below the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 27% of the median. (51 countries reporting)
- North Macedonia's 40.75 billion international-$ in 2021 prices is below the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 13% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.32 billion international-$ in 2021 prices | 13.30 billion international-$ in 2021 prices | 16.75 billion international-$ in 2021 prices | 10 |
| 2000s | 22.44 billion international-$ in 2021 prices | 18.46 billion international-$ in 2021 prices | 28.91 billion international-$ in 2021 prices | 10 |
| 2010s | 33.04 billion international-$ in 2021 prices | 29.44 billion international-$ in 2021 prices | 38.96 billion international-$ in 2021 prices | 10 |
| 2020s | 39.44 billion international-$ in 2021 prices | 36.98 billion international-$ in 2021 prices | 40.75 billion international-$ in 2021 prices | 4 |
Countries ranked near North Macedonia
- 127 Rwanda 43.79 billion international-$ in 2021 prices compare
- 128 Trinidad and Tobago 42.33 billion international-$ in 2021 prices compare
- 129 Chad 41.83 billion international-$ in 2021 prices compare
- 131 Brunei 38.62 billion international-$ in 2021 prices compare
- 132 Congo 38.48 billion international-$ in 2021 prices compare
- 133 Palestine 37.13 billion international-$ in 2021 prices 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 400.07 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0209 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 219.71 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 675.78 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -36.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0354 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 371.12 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.51 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in North Macedonia?
- Gross domestic product (gdp) in North Macedonia was 40.75 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in North Macedonia?
- The highest recorded value was 40.75 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in North Macedonia?
- The lowest recorded value was 13.30 billion international-$ in 2021 prices in 1992.
- How does North Macedonia rank for gross domestic product (gdp)?
- North Macedonia ranks 130th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in North Macedonia?
- Over the last ten years it is up 35.1%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.