Gross Domestic Product — Value US$ in North Macedonia
North Macedonia: Gross Domestic Product — Value US$ was 16,718 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in North Macedonia, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
North Macedonia recorded 16,718 million USD for gross domestic product — value us$ in 2024. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 6.1% on the previous year and up 47.1% over ten years.
Over the whole period, gross domestic product — value us$ in North Macedonia peaked at 16,718 million USD in 2024 and was at its lowest, 2,739 million USD, in 1992.
That places North Macedonia 152nd 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$ in North Macedonia, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 2,912 million USD | — |
| 1991 | 2,916 million USD | +0.1% |
| 1992 | 2,739 million USD | -6.1% |
| 1993 | 2,963 million USD | +8.2% |
| 1994 | 3,560 million USD | +20.1% |
| 1995 | 4,707 million USD | +32.2% |
| 1996 | 4,642 million USD | -1.4% |
| 1997 | 3,913 million USD | -15.7% |
| 1998 | 3,766 million USD | -3.8% |
| 1999 | 3,864 million USD | +2.6% |
| 2000 | 3,773 million USD | -2.3% |
| 2001 | 3,710 million USD | -1.7% |
| 2002 | 4,018 million USD | +8.3% |
| 2003 | 4,946 million USD | +23.1% |
| 2004 | 5,683 million USD | +14.9% |
| 2005 | 6,259 million USD | +10.1% |
| 2006 | 6,861 million USD | +9.6% |
| 2007 | 8,336 million USD | +21.5% |
| 2008 | 9,910 million USD | +18.9% |
| 2009 | 9,402 million USD | -5.1% |
| 2010 | 9,407 million USD | +0.1% |
| 2011 | 10,495 million USD | +11.6% |
| 2012 | 9,745 million USD | -7.1% |
| 2013 | 10,818 million USD | +11.0% |
| 2014 | 11,362 million USD | +5.0% |
| 2015 | 10,064 million USD | -11.4% |
| 2016 | 10,672 million USD | +6.0% |
| 2017 | 11,307 million USD | +5.9% |
| 2018 | 12,683 million USD | +12.2% |
| 2019 | 12,606 million USD | -0.6% |
| 2020 | 12,361 million USD | -1.9% |
| 2021 | 14,000 million USD | +13.3% |
| 2022 | 13,932 million USD | -0.5% |
| 2023 | 15,764 million USD | +13.1% |
| 2024 | 16,718 million USD | +6.1% |
North Macedonia compared with similar countries
- North Macedonia's 16,718 million USD is below the median for upper middle income countries, which is 44,912 million USD, 37% of the median. (54 countries reporting)
- North Macedonia's 16,718 million USD is below the median for Europe & Central Asia, which is 97,163 million USD, 17% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3,598 million USD | 2,739 million USD | 4,707 million USD | 10 |
| 2000s | 6,290 million USD | 3,710 million USD | 9,910 million USD | 10 |
| 2010s | 10,916 million USD | 9,407 million USD | 12,683 million USD | 10 |
| 2020s | 14,555 million USD | 12,361 million USD | 16,718 million USD | 5 |
Countries ranked near North Macedonia
- 149 Nicaragua 17,829 million USD compare
- 150 Madagascar 17,421 million USD compare
- 151 Democratic People's Republic of Korea 16,776 million USD compare
- 153 Kyrgyzstan 16,104 million USD compare
- 154 Brunei Darussalam 15,497 million USD compare
- 154 Brunei 15,497 million USD 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 — value us$ in North Macedonia?
- Gross domestic product — value us$ in North Macedonia was 16,718 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in North Macedonia?
- The highest recorded value was 16,718 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in North Macedonia?
- The lowest recorded value was 2,739 million USD in 1992.
- How does North Macedonia rank for gross domestic product — value us$?
- North Macedonia ranks 152nd out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in North Macedonia?
- Over the last ten years it is up 47.1%. 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 US$. Statizoid updates them automatically from the source API.
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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).