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
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 7th out of 51 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: 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% |
North Macedonia compared with similar countries
- North Macedonia's 31.19 is above the median for Europe & Central Asia, which is 1.15, 27.0× the median. (35 countries reporting)
- North Macedonia's 31.19 is above the median for upper middle income countries, which is 31.19, 1.0× the median. (5 countries reporting)
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
- Real gdp growth, annual growth rate 16.47 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate -77.1 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.1524 units per person (2025)
- SDRs holdings, SDR, annual growth rate -78.2 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.1113 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -4.71 % change on previous year (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 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.
Download this data
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