Gross Domestic Product — Value US$, annual growth rate in North Macedonia
North Macedonia: Gross Domestic Product — Value US$, annual growth rate was 6.06 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in North Macedonia, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value us$, annual growth rate in North Macedonia stood at 6.06 % change on previous year.
The figure is down 53.9% on the previous year and up 20.3% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in North Macedonia peaked at 32.23 % change on previous year in 1995 and was at its lowest, -15.7 % change on previous year, in 1997.
That places North Macedonia 105th out of 236 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in North Macedonia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 0.146 % change on previous year | — |
| 1992 | -6.06 % change on previous year | -4253.9% |
| 1993 | 8.19 % change on previous year | -235.0% |
| 1994 | 20.12 % change on previous year | +145.7% |
| 1995 | 32.23 % change on previous year | +60.2% |
| 1996 | -1.38 % change on previous year | -104.3% |
| 1997 | -15.7 % change on previous year | +1036.7% |
| 1998 | -3.76 % change on previous year | -76.0% |
| 1999 | 2.6 % change on previous year | -169.1% |
| 2000 | -2.35 % change on previous year | -190.4% |
| 2001 | -1.68 % change on previous year | -28.7% |
| 2002 | 8.32 % change on previous year | -596.7% |
| 2003 | 23.09 % change on previous year | +177.5% |
| 2004 | 14.89 % change on previous year | -35.5% |
| 2005 | 10.13 % change on previous year | -31.9% |
| 2006 | 9.63 % change on previous year | -5.0% |
| 2007 | 21.5 % change on previous year | +123.3% |
| 2008 | 18.87 % change on previous year | -12.2% |
| 2009 | -5.12 % change on previous year | -127.2% |
| 2010 | 0.0578 % change on previous year | -101.1% |
| 2011 | 11.56 % change on previous year | +19915.0% |
| 2012 | -7.14 % change on previous year | -161.8% |
| 2013 | 11 % change on previous year | -254.1% |
| 2014 | 5.03 % change on previous year | -54.3% |
| 2015 | -11.42 % change on previous year | -326.9% |
| 2016 | 6.04 % change on previous year | -152.9% |
| 2017 | 5.95 % change on previous year | -1.6% |
| 2018 | 12.17 % change on previous year | +104.7% |
| 2019 | -0.6055 % change on previous year | -105.0% |
| 2020 | -1.95 % change on previous year | +221.3% |
| 2021 | 13.26 % change on previous year | -781.5% |
| 2022 | -0.485 % change on previous year | -103.7% |
| 2023 | 13.14 % change on previous year | -2810.1% |
| 2024 | 6.06 % change on previous year | -53.9% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in North Macedonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | +19915.0% | 0.0578 % change on previous year | 11.56 % change on previous year |
| 1992 | -4253.9% | 0.146 % change on previous year | -6.06 % change on previous year |
| 2023 | +2810.1% | -0.485 % change on previous year | 13.14 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.04 % change on previous year | -15.7 % change on previous year | 32.23 % change on previous year | 9 |
| 2000s | 9.73 % change on previous year | -5.12 % change on previous year | 23.09 % change on previous year | 10 |
| 2010s | 3.26 % change on previous year | -11.42 % change on previous year | 12.17 % change on previous year | 10 |
| 2020s | 6.01 % change on previous year | -1.95 % change on previous year | 13.26 % change on previous year | 5 |
Countries ranked near North Macedonia
- 102 Puerto Rico 6.31 % change on previous year compare
- 103 Eswatini 6.27 % change on previous year compare
- 104 Micronesia (Federated States of) 6.2 % change on previous year compare
- 106 Solomon Islands 6.01 % change on previous year compare
- 107 Vietnam 5.96 % change on previous year compare
- 107 Viet Nam 5.96 % change on previous year compare
More economy & growth data for North Macedonia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 10.51 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in North Macedonia?
- Gross domestic product — value us$, annual growth rate in North Macedonia was 6.06 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in North Macedonia?
- The highest recorded value was 32.23 % change on previous year in 1995.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in North Macedonia?
- The lowest recorded value was -15.7 % change on previous year in 1997.
- How does North Macedonia rank for gross domestic product — value us$, annual growth rate?
- North Macedonia ranks 105th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in North Macedonia?
- Over the last ten years it is up 20.3%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 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 — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
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 — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.