Gross domestic product (GDP) and Gross value added (GVA) in volume by in North Macedonia
North Macedonia: Gross domestic product (GDP) and Gross value added (GVA) in volume by was 112.5 Index, 2020=100 in 2024. ▲ Rising
Latest (2024)
112.5 Index, 2020=100
Change on year
up 2.2%
World rank
26th
of 43 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 26th out of 43 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 by 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
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) 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 26th out of 43 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.
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