Gross domestic product (GDP), annual growth rate (Bolt) in North Macedonia
North Macedonia: Gross domestic product (GDP), annual growth rate (Bolt) was 2.15 % change on previous year in 2022. ◆ Volatile
Latest (2022)
2.15 % change on previous year
Change on year
down 45.4%
World rank
130th
of 166 countries
All-time high
29.9 % change on previous year
in 1964
All-time low
-10.2 % change on previous year
in 1990
Years of data
70
1953–2022
Gross domestic product (GDP), annual growth rate in North Macedonia, 1953–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in North Macedonia is 2.15 % change on previous year, measured in 2022.
That represents a change of down 45.4% on the previous year and up 570.8% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in North Macedonia peaked at 29.9 % change on previous year in 1964 and was at its lowest, -10.2 % change on previous year, in 1990.
That places North Macedonia 130th out of 166 countries with data for 2022, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate (Bolt) in North Macedonia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1953 | 6.47 % change on previous year | — |
| 1954 | 4.21 % change on previous year | -34.8% |
| 1955 | 22.19 % change on previous year | +426.5% |
| 1956 | 1.19 % change on previous year | -94.6% |
| 1957 | 9.79 % change on previous year | +723.7% |
| 1958 | 7.8 % change on previous year | -20.4% |
| 1959 | 3.09 % change on previous year | -60.4% |
| 1960 | 7.06 % change on previous year | +128.2% |
| 1961 | 2.49 % change on previous year | -64.7% |
| 1962 | 2.3 % change on previous year | -7.8% |
| 1963 | 18 % change on previous year | +683.2% |
| 1964 | 29.9 % change on previous year | +66.1% |
| 1965 | -7.92 % change on previous year | -126.5% |
| 1966 | 9.07 % change on previous year | -214.6% |
| 1967 | 4.86 % change on previous year | -46.5% |
| 1968 | 3.62 % change on previous year | -25.5% |
| 1969 | 10.82 % change on previous year | +198.7% |
| 1970 | 8.22 % change on previous year | -24.0% |
| 1971 | 6.63 % change on previous year | -19.3% |
| 1972 | 4.93 % change on previous year | -25.6% |
| 1973 | 6.22 % change on previous year | +26.1% |
| 1974 | 5.87 % change on previous year | -5.6% |
| 1975 | 4.73 % change on previous year | -19.4% |
| 1976 | 4.54 % change on previous year | -4.2% |
| 1977 | 6.35 % change on previous year | +40.0% |
| 1978 | 8.1 % change on previous year | +27.5% |
| 1979 | 7.17 % change on previous year | -11.5% |
| 1980 | 1.43 % change on previous year | -80.1% |
| 1981 | 1.29 % change on previous year | -9.9% |
| 1982 | 1.27 % change on previous year | -0.9% |
| 1983 | -2.09 % change on previous year | -263.8% |
| 1984 | 3.2 % change on previous year | -253.2% |
| 1985 | -0.7283 % change on previous year | -122.8% |
| 1986 | 6.98 % change on previous year | -1058.9% |
| 1987 | -1.27 % change on previous year | -118.2% |
| 1988 | -3.25 % change on previous year | +155.7% |
| 1989 | 1.94 % change on previous year | -159.7% |
| 1990 | -10.2 % change on previous year | -626.5% |
| 1991 | -5.75 % change on previous year | -43.6% |
| 1992 | -6.17 % change on previous year | +7.2% |
| 1993 | -7.06 % change on previous year | +14.5% |
| 1994 | -1.35 % change on previous year | -80.9% |
| 1995 | -0.6393 % change on previous year | -52.6% |
| 1996 | 1.68 % change on previous year | -362.1% |
| 1997 | 1.89 % change on previous year | +12.7% |
| 1998 | 3.79 % change on previous year | +100.7% |
| 1999 | 4.86 % change on previous year | +28.2% |
| 2000 | 5.16 % change on previous year | +6.1% |
| 2001 | -2.67 % change on previous year | -151.8% |
| 2002 | 0.9116 % change on previous year | -134.2% |
| 2003 | 2.8 % change on previous year | +207.2% |
| 2004 | 5.21 % change on previous year | +86.1% |
| 2005 | 5.17 % change on previous year | -0.9% |
| 2006 | 5.54 % change on previous year | +7.2% |
| 2007 | 6.86 % change on previous year | +23.9% |
| 2008 | 5.86 % change on previous year | -14.5% |
| 2009 | 0.0308 % change on previous year | -99.5% |
| 2010 | 3.79 % change on previous year | +12197.7% |
| 2011 | 2.74 % change on previous year | -27.7% |
| 2012 | -0.456 % change on previous year | -116.7% |
| 2013 | 2.92 % change on previous year | -741.4% |
| 2014 | 3.63 % change on previous year | +24.1% |
| 2015 | 3.86 % change on previous year | +6.2% |
| 2016 | 2.85 % change on previous year | -26.1% |
| 2017 | 1.08 % change on previous year | -62.0% |
| 2018 | 2.88 % change on previous year | +166.3% |
| 2019 | 3.91 % change on previous year | +35.7% |
| 2020 | -4.69 % change on previous year | -219.9% |
| 2021 | 3.93 % change on previous year | -183.9% |
| 2022 | 2.15 % change on previous year | -45.4% |
North Macedonia compared with similar countries
- North Macedonia's 2.15 % change on previous year is below the median for upper middle income countries, which is 3.25 % change on previous year, 66% of the median. (47 countries reporting)
- North Macedonia's 2.15 % change on previous year is below the median for Europe & Central Asia, which is 3.71 % change on previous year, 58% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) 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 |
|---|---|---|---|
| 2010 | +12197.7% | 0.0308 % change on previous year | 3.79 % change on previous year |
| 1986 | +1058.9% | -0.7283 % change on previous year | 6.98 % change on previous year |
| 2013 | +741.4% | -0.456 % change on previous year | 2.92 % change on previous year |
| 1957 | +723.7% | 1.19 % change on previous year | 9.79 % change on previous year |
| 1963 | +683.2% | 2.3 % change on previous year | 18 % change on previous year |
| 1990 | -626.5% | 1.94 % change on previous year | -10.2 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 7.82 % change on previous year | 1.19 % change on previous year | 22.19 % change on previous year | 7 |
| 1960s | 8.02 % change on previous year | -7.92 % change on previous year | 29.9 % change on previous year | 10 |
| 1970s | 6.28 % change on previous year | 4.54 % change on previous year | 8.22 % change on previous year | 10 |
| 1980s | 0.8772 % change on previous year | -3.25 % change on previous year | 6.98 % change on previous year | 10 |
| 1990s | -1.9 % change on previous year | -10.2 % change on previous year | 4.86 % change on previous year | 10 |
| 2000s | 3.49 % change on previous year | -2.67 % change on previous year | 6.86 % change on previous year | 10 |
| 2010s | 2.72 % change on previous year | -0.456 % change on previous year | 3.91 % change on previous year | 10 |
| 2020s | 0.4633 % change on previous year | -4.69 % change on previous year | 3.93 % change on previous year | 3 |
Countries ranked near North Macedonia
- 127 Chile 2.44 % change on previous year compare
- 128 Serbia 2.25 % change on previous year compare
- 129 New Zealand 2.19 % change on previous year compare
- 131 Finland 2.08 % change on previous year compare
- 132 United States 2.06 % change on previous year compare
- 133 Switzerland 2.06 % change on previous year 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)
- 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 gross domestic product (gdp), annual growth rate in North Macedonia?
- Gross domestic product (gdp), annual growth rate in North Macedonia was 2.15 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in North Macedonia?
- The highest recorded value was 29.9 % change on previous year in 1964.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in North Macedonia?
- The lowest recorded value was -10.2 % change on previous year in 1990.
- How does North Macedonia rank for gross domestic product (gdp), annual growth rate?
- North Macedonia ranks 130th out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in North Macedonia?
- Over the last ten years it is up 570.8%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 70 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.