Industry (including construction), value added in North Macedonia
North Macedonia: Industry (including construction), value added was 106.51 billion constant LCU in 2025. ▲ Rising
Industry (including construction), value added in North Macedonia, 1990–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for industry (including construction), value added in North Macedonia is 106.51 billion constant LCU, measured in 2025. That is the highest value across all 36 years on record.
The figure is up 5.4% on the previous year and up 9.0% over ten years.
Over the whole period, industry (including construction), value added in North Macedonia peaked at 106.51 billion constant LCU in 2025 and was at its lowest, 39.50 billion constant LCU, in 1994.
North Macedonia ranks 101st of 200 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.
Industry (including construction), value added in North Macedonia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1990 | 67.58 billion constant LCU | — |
| 1991 | 57.27 billion constant LCU | -15.3% |
| 1992 | 49.53 billion constant LCU | -13.5% |
| 1993 | 43.17 billion constant LCU | -12.8% |
| 1994 | 39.50 billion constant LCU | -8.5% |
| 1995 | 44.24 billion constant LCU | +12.0% |
| 1996 | 44.77 billion constant LCU | +1.2% |
| 1997 | 46.18 billion constant LCU | +3.1% |
| 1998 | 47.65 billion constant LCU | +3.2% |
| 1999 | 49.84 billion constant LCU | +4.6% |
| 2000 | 51.48 billion constant LCU | +3.3% |
| 2001 | 50.80 billion constant LCU | -1.3% |
| 2002 | 51.91 billion constant LCU | +2.2% |
| 2003 | 57.07 billion constant LCU | +9.9% |
| 2004 | 58.67 billion constant LCU | +2.8% |
| 2005 | 62.81 billion constant LCU | +7.1% |
| 2006 | 67.17 billion constant LCU | +6.9% |
| 2007 | 60.28 billion constant LCU | -10.3% |
| 2008 | 63.46 billion constant LCU | +5.3% |
| 2009 | 66.43 billion constant LCU | +4.7% |
| 2010 | 71.66 billion constant LCU | +7.9% |
| 2011 | 84.29 billion constant LCU | +17.6% |
| 2012 | 79.45 billion constant LCU | -5.7% |
| 2013 | 84.36 billion constant LCU | +6.2% |
| 2014 | 92.32 billion constant LCU | +9.4% |
| 2015 | 97.69 billion constant LCU | +5.8% |
| 2016 | 94.84 billion constant LCU | -2.9% |
| 2017 | 96.26 billion constant LCU | +1.5% |
| 2018 | 97.17 billion constant LCU | +0.9% |
| 2019 | 99.45 billion constant LCU | +2.3% |
| 2020 | 93.41 billion constant LCU | -6.1% |
| 2021 | 93.69 billion constant LCU | +0.3% |
| 2022 | 92.17 billion constant LCU | -1.6% |
| 2023 | 95.87 billion constant LCU | +4.0% |
| 2024 | 101.07 billion constant LCU | +5.4% |
| 2025 | 106.51 billion constant LCU | +5.4% |
North Macedonia compared with similar countries
- North Macedonia's 106.51 billion constant LCU is below the median for upper middle income countries, which is 124.14 billion constant LCU, 86% of the median. (58 countries reporting)
- North Macedonia's 106.51 billion constant LCU is above the median for Europe & Central Asia, which is 99.16 billion constant LCU, 1.1× the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 48.97 billion constant LCU | 39.50 billion constant LCU | 67.58 billion constant LCU | 10 |
| 2000s | 59.01 billion constant LCU | 50.80 billion constant LCU | 67.17 billion constant LCU | 10 |
| 2010s | 89.75 billion constant LCU | 71.66 billion constant LCU | 99.45 billion constant LCU | 10 |
| 2020s | 97.12 billion constant LCU | 92.17 billion constant LCU | 106.51 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 industry (including construction), value added in North Macedonia?
- Industry (including construction), value added in North Macedonia was 106.51 billion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in North Macedonia?
- The highest recorded value was 106.51 billion constant LCU in 2025.
- What is the lowest industry (including construction), value added recorded in North Macedonia?
- The lowest recorded value was 39.50 billion constant LCU in 1994.
- How does North Macedonia rank for industry (including construction), value added?
- North Macedonia ranks 101st out of 200 countries with data for 2025.
- Is industry (including construction), value added rising or falling in North Macedonia?
- Over the last ten years it is up 9.0%. 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 Industry (including construction), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.