Gross value added at basic prices (GVA) in North Macedonia
North Macedonia: Gross value added at basic prices (GVA) was 452.25 billion constant LCU in 2025. ▲ Rising
Gross value added at basic prices (GVA) in North Macedonia, 1990–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
North Macedonia recorded 452.25 billion constant LCU for gross value added at basic prices (gva) in 2025. That is the highest value across all 36 years on record.
The figure is up 3.5% on the previous year and up 22.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in North Macedonia peaked at 452.25 billion constant LCU in 2025 and was at its lowest, 205.17 billion constant LCU, in 1995.
North Macedonia ranks 102nd of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Gross value added at basic prices (GVA) in North Macedonia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1990 | 260.35 billion constant LCU | — |
| 1991 | 244.28 billion constant LCU | -6.2% |
| 1992 | 228.25 billion constant LCU | -6.6% |
| 1993 | 211.20 billion constant LCU | -7.5% |
| 1994 | 207.49 billion constant LCU | -1.8% |
| 1995 | 205.17 billion constant LCU | -1.1% |
| 1996 | 207.60 billion constant LCU | +1.2% |
| 1997 | 214.13 billion constant LCU | +3.1% |
| 1998 | 220.99 billion constant LCU | +3.2% |
| 1999 | 231.14 billion constant LCU | +4.6% |
| 2000 | 240.53 billion constant LCU | +4.1% |
| 2001 | 234.05 billion constant LCU | -2.7% |
| 2002 | 236.80 billion constant LCU | +1.2% |
| 2003 | 242.90 billion constant LCU | +2.6% |
| 2004 | 254.17 billion constant LCU | +4.6% |
| 2005 | 264.85 billion constant LCU | +4.2% |
| 2006 | 276.82 billion constant LCU | +4.5% |
| 2007 | 293.24 billion constant LCU | +5.9% |
| 2008 | 310.04 billion constant LCU | +5.7% |
| 2009 | 309.10 billion constant LCU | -0.3% |
| 2010 | 319.65 billion constant LCU | +3.4% |
| 2011 | 325.88 billion constant LCU | +1.9% |
| 2012 | 323.71 billion constant LCU | -0.7% |
| 2013 | 336.38 billion constant LCU | +3.9% |
| 2014 | 353.15 billion constant LCU | +5.0% |
| 2015 | 368.83 billion constant LCU | +4.4% |
| 2016 | 376.30 billion constant LCU | +2.0% |
| 2017 | 379.75 billion constant LCU | +0.9% |
| 2018 | 390.84 billion constant LCU | +2.9% |
| 2019 | 405.83 billion constant LCU | +3.8% |
| 2020 | 388.37 billion constant LCU | -4.3% |
| 2021 | 403.94 billion constant LCU | +4.0% |
| 2022 | 415.52 billion constant LCU | +2.9% |
| 2023 | 427.49 billion constant LCU | +2.9% |
| 2024 | 437.11 billion constant LCU | +2.2% |
| 2025 | 452.25 billion constant LCU | +3.5% |
North Macedonia compared with similar countries
- North Macedonia's 452.25 billion constant LCU is below the median for upper middle income countries, which is 504.09 billion constant LCU, 90% of the median. (57 countries reporting)
- North Macedonia's 452.25 billion constant LCU is above the median for Europe & Central Asia, which is 405.98 billion constant LCU, 1.1× the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 223.06 billion constant LCU | 205.17 billion constant LCU | 260.35 billion constant LCU | 10 |
| 2000s | 266.25 billion constant LCU | 234.05 billion constant LCU | 310.04 billion constant LCU | 10 |
| 2010s | 358.03 billion constant LCU | 319.65 billion constant LCU | 405.83 billion constant LCU | 10 |
| 2020s | 420.78 billion constant LCU | 388.37 billion constant LCU | 452.25 billion constant LCU | 6 |
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 value added at basic prices (gva) in North Macedonia?
- Gross value added at basic prices (gva) in North Macedonia was 452.25 billion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in North Macedonia?
- The highest recorded value was 452.25 billion constant LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in North Macedonia?
- The lowest recorded value was 205.17 billion constant LCU in 1995.
- How does North Macedonia rank for gross value added at basic prices (gva)?
- North Macedonia ranks 102nd out of 198 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in North Macedonia?
- Over the last ten years it is up 22.6%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.