Inflation, GDP deflator in North Macedonia
North Macedonia: Inflation, GDP deflator was 4.6% in 2025. ◆ Volatile
Inflation, GDP deflator in North Macedonia, 1991–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator in North Macedonia is 4.6%, measured in 2025.
That represents a change of up 26.0% on the previous year and up 131.0% over ten years.
Over the whole period, inflation, gdp deflator in North Macedonia peaked at 1,271.7% in 1992 and was at its lowest, -0.2%, in 2004.
That places North Macedonia 72nd out of 212 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in North Macedonia, year by year
| Year | annual % | Change |
|---|---|---|
| 1991 | 93.9% | — |
| 1992 | 1,271.7% | +1254.0% |
| 1993 | 442.1% | -65.2% |
| 1994 | 151.9% | -65.6% |
| 1995 | 17.1% | -88.7% |
| 1996 | 2.9% | -83.2% |
| 1997 | 3.9% | +37.2% |
| 1998 | 1.4% | -64.6% |
| 1999 | 2.7% | +96.7% |
| 2000 | 8.2% | +198.7% |
| 2001 | 4.7% | -42.3% |
| 2002 | 0.9% | -80.0% |
| 2003 | 1.7% | +75.0% |
| 2004 | -0.2% | -110.1% |
| 2005 | 4.9% | -3048.6% |
| 2006 | 3.3% | -33.6% |
| 2007 | 4.6% | +41.2% |
| 2008 | 5.5% | +19.6% |
| 2009 | 0.3% | -94.6% |
| 2010 | 2.0% | +591.8% |
| 2011 | 3.7% | +82.3% |
| 2012 | 1.0% | -73.1% |
| 2013 | 4.5% | +347.0% |
| 2014 | 1.4% | -67.7% |
| 2015 | 2.0% | +38.5% |
| 2016 | 3.5% | +73.0% |
| 2017 | 2.8% | -19.0% |
| 2018 | 3.9% | +39.9% |
| 2019 | 0.9% | -77.9% |
| 2020 | 1.4% | +58.3% |
| 2021 | 4.3% | +211.8% |
| 2022 | 8.9% | +107.1% |
| 2023 | 7.9% | -11.2% |
| 2024 | 3.7% | -53.4% |
| 2025 | 4.6% | +26.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 220.8% | 1.4% | 1,271.7% | 9 |
| 2000s | 3.4% | -0.2% | 8.2% | 10 |
| 2010s | 2.6% | 0.9% | 4.5% | 10 |
| 2020s | 5.1% | 1.4% | 8.9% | 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)
- Services, value added (current US$), annual growth rate 14.09 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5695 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 5,974 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.63 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 31.12 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 326,483 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.82 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3898 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is inflation, gdp deflator in North Macedonia?
- Inflation, gdp deflator in North Macedonia was 4.6% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in North Macedonia?
- The highest recorded value was 1,271.7% in 1992.
- What is the lowest inflation, gdp deflator recorded in North Macedonia?
- The lowest recorded value was -0.2% in 2004.
- How does North Macedonia rank for inflation, gdp deflator?
- North Macedonia ranks 72nd out of 212 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in North Macedonia?
- Over the last ten years it is up 131.0%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.