Purchasing power parities, price level indices, nominal and real in North Macedonia
North Macedonia: Purchasing power parities, price level indices, nominal and real was 31.19 in 2024. ▲ Rising
Latest (2024)
31.19
Change on year
up 0.5%
World rank
6th
of 49 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
North Macedonia recorded 31.19 for purchasing power parities, price level indices, nominal and real in 2024. That is the highest value across all 28 years on record.
Compared with earlier readings it 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.
That places North Macedonia 6th out of 49 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Purchasing power parities, price level indices, nominal and real 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
- 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 6.68 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.536 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 5,623 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -19.44 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -14.77 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 6.39 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 3.27 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 34,264 current LCU per person (2025)
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 6th out of 49 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.
Download this data
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