Gross Domestic Product — Value Standard Local Currency in North Macedonia
North Macedonia: Gross Domestic Product — Value Standard Local Currency was 948,906 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in North Macedonia, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency in North Macedonia stood at 948,906 million SLC. That is the highest value across all 35 years on record.
That represents a change of up 5.7% on the previous year and up 79.8% over ten years.
Over the whole period, gross domestic product — value standard local currency in North Macedonia peaked at 948,906 million SLC in 2024 and was at its lowest, 508.17 million SLC, in 1990.
North Macedonia ranks 106th of 218 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.
Gross Domestic Product — Value Standard Local Currency in North Macedonia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1990 | 508.17 million SLC | — |
| 1991 | 1,066 million SLC | +109.8% |
| 1992 | 13,942 million SLC | +1207.6% |
| 1993 | 68,930 million SLC | +394.4% |
| 1994 | 154,000 million SLC | +123.4% |
| 1995 | 178,311 million SLC | +15.8% |
| 1996 | 185,592 million SLC | +4.1% |
| 1997 | 195,664 million SLC | +5.4% |
| 1998 | 205,088 million SLC | +4.8% |
| 1999 | 219,846 million SLC | +7.2% |
| 2000 | 248,646 million SLC | +13.1% |
| 2001 | 252,394 million SLC | +1.5% |
| 2002 | 258,580 million SLC | +2.5% |
| 2003 | 268,694 million SLC | +3.9% |
| 2004 | 280,786 million SLC | +4.5% |
| 2005 | 308,447 million SLC | +9.9% |
| 2006 | 334,840 million SLC | +8.6% |
| 2007 | 372,889 million SLC | +11.4% |
| 2008 | 414,890 million SLC | +11.3% |
| 2009 | 414,622 million SLC | -0.1% |
| 2010 | 437,296 million SLC | +5.5% |
| 2011 | 464,186 million SLC | +6.1% |
| 2012 | 466,703 million SLC | +0.5% |
| 2013 | 501,891 million SLC | +7.5% |
| 2014 | 527,631 million SLC | +5.1% |
| 2015 | 558,954 million SLC | +5.9% |
| 2016 | 594,795 million SLC | +6.4% |
| 2017 | 618,106 million SLC | +3.9% |
| 2018 | 660,878 million SLC | +6.9% |
| 2019 | 692,683 million SLC | +4.8% |
| 2020 | 669,280 million SLC | -3.4% |
| 2021 | 729,445 million SLC | +9.0% |
| 2022 | 816,084 million SLC | +11.9% |
| 2023 | 897,694 million SLC | +10.0% |
| 2024 | 948,906 million SLC | +5.7% |
North Macedonia compared with similar countries
- North Macedonia's 948,906 million SLC is above the median for upper middle income countries, which is 913,929 million SLC, 1.0× the median. (54 countries reporting)
- North Macedonia's 948,906 million SLC is above the median for Europe & Central Asia, which is 507,692 million SLC, 1.9× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 |
|---|---|---|---|
| 1992 | +1207.6% | 1,066 million SLC | 13,942 million SLC |
| 1993 | +394.4% | 13,942 million SLC | 68,930 million SLC |
| 1994 | +123.4% | 68,930 million SLC | 154,000 million SLC |
| 1991 | +109.8% | 508.17 million SLC | 1,066 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 122,295 million SLC | 508.17 million SLC | 219,846 million SLC | 10 |
| 2000s | 315,479 million SLC | 248,646 million SLC | 414,890 million SLC | 10 |
| 2010s | 552,312 million SLC | 437,296 million SLC | 692,683 million SLC | 10 |
| 2020s | 812,282 million SLC | 669,280 million SLC | 948,906 million SLC | 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 — value standard local currency in North Macedonia?
- Gross domestic product — value standard local currency in North Macedonia was 948,906 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in North Macedonia?
- The highest recorded value was 948,906 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in North Macedonia?
- The lowest recorded value was 508.17 million SLC in 1990.
- How does North Macedonia rank for gross domestic product — value standard local currency?
- North Macedonia ranks 106th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in North Macedonia?
- Over the last ten years it is up 79.8%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).