Purchasing power: based on COICOP 1999 in North Macedonia
North Macedonia: Purchasing power: based on COICOP 1999 was 31.19 in 2024. ▲ Rising
Latest (2024)
31.19
Change on year
up 0.5%
World rank
7th
of 51 countries
All-time high
31.19
in 2024
All-time low
22.41
in 1997
Years of data
28
1997–2024
Purchasing power parities, price level indices, nominal and real in North Macedonia, 1997–2024
Source: Eurostat.
Analysis
The most recent figure for purchasing power parities, price level indices, nominal and real in North Macedonia is 31.19, measured in 2024. That is the highest value across all 28 years on record.
The figure is up 0.5% on the previous year and up 17.7% over ten years.
Over the whole period, purchasing power parities, price level indices, nominal and real in North Macedonia peaked at 31.19 in 2024 and was at its lowest, 22.41, in 1997.
North Macedonia ranks 7th of 51 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Purchasing power: based on COICOP 1999 in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 22.41 | — |
| 1998 | 22.54 | +0.6% |
| 1999 | 22.78 | +1.1% |
| 2000 | 24.01 | +5.4% |
| 2001 | 24.76 | +3.1% |
| 2002 | 24.41 | -1.4% |
| 2003 | 24.48 | +0.3% |
| 2004 | 23.57 | -3.7% |
| 2005 | 23.55 | -0.1% |
| 2006 | 23.75 | +0.8% |
| 2007 | 24.71 | +4.0% |
| 2008 | 24.82 | +0.5% |
| 2009 | 24.31 | -2.1% |
| 2010 | 24.75 | +1.8% |
| 2011 | 25.89 | +4.6% |
| 2012 | 25.73 | -0.6% |
| 2013 | 26.47 | +2.9% |
| 2014 | 26.5 | +0.1% |
| 2015 | 27.04 | +2.0% |
| 2016 | 27.29 | +0.9% |
| 2017 | 27.62 | +1.2% |
| 2018 | 27.95 | +1.2% |
| 2019 | 28.07 | +0.4% |
| 2020 | 28.28 | +0.7% |
| 2021 | 28.11 | -0.6% |
| 2022 | 29.53 | +5.1% |
| 2023 | 31.04 | +5.1% |
| 2024 | 31.19 | +0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.57 | 22.41 | 22.78 | 3 |
| 2000s | 24.24 | 23.55 | 24.82 | 10 |
| 2010s | 26.73 | 24.75 | 28.07 | 10 |
| 2020s | 29.63 | 28.11 | 31.19 | 5 |
Countries ranked near North Macedonia
More economy & growth data for North Macedonia
- Gross domestic product (GDP) and Gross value added (GVA) in volume by 112.5 Index, 2020=100 (2024)
- Gross domestic product (GDP) at current market prices by NUTS 2 region 15,672 Million euro (2024)
- Gross domestic product (GDP) at current market prices by NUTS 3 region 15,672 Million euro (2024)
- Average annual population to calculate regional GDP data (thousand) 1,824 Thousand (2024)
- Gross value added at basic prices by NUTS 3 region 13,540 Current prices, million euro (2024)
- Income quintile share ratio S80/S20 by NUTS 2 region 5.2 Index (2024)
- Gross domestic product (GDP) and main components (output, expenditure) 116.02 Chain linked volumes, index 2020=100 (2026)
- Gross domestic product (GDP) and main components per capita 2,660 Current prices, euro per capita (2025)
- Economic sentiment and confidence indicators by sector - monthly data -7.2 (2026)
- Construction producer prices or costs, new residential buildings 129.7 Index, 2021=100 (2026)
Frequently asked questions
- What is purchasing power parities, price level indices, nominal and real in North Macedonia?
- Purchasing power parities, price level indices, nominal and real in North Macedonia was 31.19 in 2024, according to Eurostat.
- What is the highest purchasing power parities, price level indices, nominal and real recorded in North Macedonia?
- The highest recorded value was 31.19 in 2024.
- What is the lowest purchasing power parities, price level indices, nominal and real recorded in North Macedonia?
- The lowest recorded value was 22.41 in 1997.
- How does North Macedonia rank for purchasing power parities, price level indices, nominal and real?
- North Macedonia ranks 7th out of 51 countries with data for 2024.
- Is purchasing power parities, price level indices, nominal and real rising or falling in North Macedonia?
- Over the last ten years it is up 17.7%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from Eurostat, published as part of Purchasing power parities, price level indices, nominal and real expenditures by analytical categories - based on COICOP 1999. Statizoid updates them automatically from the source API.
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