Gross domestic product (GDP) and Gross value added (GVA) in volume in North Macedonia
North Macedonia: Gross domestic product (GDP) and Gross value added (GVA) in volume was 112.5 Index, 2020=100 in 2024. ▲ Rising
Latest (2024)
112.5 Index, 2020=100
Change on year
up 2.2%
World rank
27th
of 45 countries
All-time high
112.5 Index, 2020=100
in 2024
All-time low
60.3 Index, 2020=100
in 2001
Years of data
25
2000–2024
Gross domestic product (GDP) and Gross value added (GVA) in volume by in North Macedonia, 2000–2024
Source: Eurostat. Measured in Index, 2020=100.
Analysis
In 2024, gross domestic product (gdp) and gross value added (gva) in volume by in North Macedonia stood at 112.5 Index, 2020=100. That is the highest value across all 25 years on record.
The figure is up 2.2% on the previous year and up 23.8% over ten years.
Over the whole period, gross domestic product (gdp) and gross value added (gva) in volume by in North Macedonia peaked at 112.5 Index, 2020=100 in 2024 and was at its lowest, 60.3 Index, 2020=100, in 2001.
That places North Macedonia 27th out of 45 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Gross domestic product (GDP) and Gross value added (GVA) in volume in North Macedonia, year by year
| Year | Index, 2020=100 | Change |
|---|---|---|
| 2000 | 61.9 Index, 2020=100 | — |
| 2001 | 60.3 Index, 2020=100 | -2.6% |
| 2002 | 61 Index, 2020=100 | +1.2% |
| 2003 | 62.5 Index, 2020=100 | +2.5% |
| 2004 | 65.4 Index, 2020=100 | +4.6% |
| 2005 | 68.2 Index, 2020=100 | +4.3% |
| 2006 | 71.3 Index, 2020=100 | +4.5% |
| 2007 | 75.5 Index, 2020=100 | +5.9% |
| 2008 | 79.8 Index, 2020=100 | +5.7% |
| 2009 | 79.6 Index, 2020=100 | -0.3% |
| 2010 | 82.3 Index, 2020=100 | +3.4% |
| 2011 | 83.9 Index, 2020=100 | +1.9% |
| 2012 | 83.4 Index, 2020=100 | -0.6% |
| 2013 | 86.6 Index, 2020=100 | +3.8% |
| 2014 | 90.9 Index, 2020=100 | +5.0% |
| 2015 | 95 Index, 2020=100 | +4.5% |
| 2016 | 96.9 Index, 2020=100 | +2.0% |
| 2017 | 97.8 Index, 2020=100 | +0.9% |
| 2018 | 100.6 Index, 2020=100 | +2.9% |
| 2019 | 104.5 Index, 2020=100 | +3.9% |
| 2020 | 100 Index, 2020=100 | -4.3% |
| 2021 | 104 Index, 2020=100 | +4.0% |
| 2022 | 107 Index, 2020=100 | +2.9% |
| 2023 | 110.1 Index, 2020=100 | +2.9% |
| 2024 | 112.5 Index, 2020=100 | +2.2% |
North Macedonia compared with similar countries
- North Macedonia's 112.5 Index, 2020=100 is below the median for Europe & Central Asia, which is 113.3 Index, 2020=100, 99% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 68.55 Index, 2020=100 | 60.3 Index, 2020=100 | 79.8 Index, 2020=100 | 10 |
| 2010s | 92.19 Index, 2020=100 | 82.3 Index, 2020=100 | 104.5 Index, 2020=100 | 10 |
| 2020s | 106.72 Index, 2020=100 | 100 Index, 2020=100 | 112.5 Index, 2020=100 | 5 |
Countries ranked near North Macedonia
- 25 Lithuania 113.2 Index, 2020=100 compare
- 25 Lithuania 113.2 Index, 2020=100 compare
- 27 North Macedonia 112.5 Index, 2020=100 compare
- 29 Hungary 112.3 Index, 2020=100 compare
- 30 Romania 111.1 Index, 2020=100 compare
- 30 Slovakia 111.1 Index, 2020=100 compare
- 30 Slovakia 111.1 Index, 2020=100 compare
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 gross domestic product (gdp) and gross value added (gva) in volume by in North Macedonia?
- Gross domestic product (gdp) and gross value added (gva) in volume by in North Macedonia was 112.5 Index, 2020=100 in 2024, according to Eurostat.
- What is the highest gross domestic product (gdp) and gross value added (gva) in volume by recorded in North Macedonia?
- The highest recorded value was 112.5 Index, 2020=100 in 2024.
- What is the lowest gross domestic product (gdp) and gross value added (gva) in volume by recorded in North Macedonia?
- The lowest recorded value was 60.3 Index, 2020=100 in 2001.
- How does North Macedonia rank for gross domestic product (gdp) and gross value added (gva) in volume by?
- North Macedonia ranks 27th out of 45 countries with data for 2024.
- Is gross domestic product (gdp) and gross value added (gva) in volume by rising or falling in North Macedonia?
- Over the last ten years it is up 23.8%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from Eurostat, published as part of Gross domestic product (GDP) and Gross value added (GVA) in volume by NUTS 2 region. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Eurostat).