Terms of trade adjustment (constant LCU), annual growth rate in North Macedonia
North Macedonia: Terms of trade adjustment (constant LCU), annual growth rate was -8.37 % change on previous year in 2025. ◆ Volatile
Terms of trade adjustment (constant LCU), annual growth rate in North Macedonia, 1991–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for terms of trade adjustment (constant lcu), annual growth rate in North Macedonia is -8.37 % change on previous year, measured in 2025.
That represents a change of down 166.0% on the previous year and down 101.8% over ten years.
Over the whole period, terms of trade adjustment (constant lcu), annual growth rate in North Macedonia peaked at 457.29 % change on previous year in 2015 and was at its lowest, -517.67 % change on previous year, in 2011.
North Macedonia ranks 116th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment (constant LCU), annual growth rate in North Macedonia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 67.21 % change on previous year | — |
| 1992 | -78.39 % change on previous year | -216.6% |
| 1993 | -22.62 % change on previous year | -71.1% |
| 1994 | 34.15 % change on previous year | -251.0% |
| 1995 | 114.57 % change on previous year | +235.5% |
| 1997 | -124.41 % change on previous year | -208.6% |
| 1998 | -31.17 % change on previous year | -74.9% |
| 1999 | -7.18 % change on previous year | -77.0% |
| 2000 | 84.1 % change on previous year | -1271.9% |
| 2001 | 74.04 % change on previous year | -12.0% |
| 2002 | -212.5 % change on previous year | -387.0% |
| 2003 | 45.97 % change on previous year | -121.6% |
| 2004 | -36.17 % change on previous year | -178.7% |
| 2005 | 100 % change on previous year | -376.4% |
| 2007 | 356.17 % change on previous year | +256.2% |
| 2008 | -73.4 % change on previous year | -120.6% |
| 2009 | -314.51 % change on previous year | +328.5% |
| 2010 | 54.98 % change on previous year | -117.5% |
| 2011 | -517.67 % change on previous year | -1041.5% |
| 2012 | 24.34 % change on previous year | -104.7% |
| 2013 | -0.2347 % change on previous year | -101.0% |
| 2014 | 65.37 % change on previous year | -27954.3% |
| 2015 | 457.29 % change on previous year | +599.6% |
| 2016 | 218.76 % change on previous year | -52.2% |
| 2017 | 14.43 % change on previous year | -93.4% |
| 2018 | 39.41 % change on previous year | +173.1% |
| 2019 | 8.23 % change on previous year | -79.1% |
| 2020 | -9.62 % change on previous year | -216.8% |
| 2021 | -2.15 % change on previous year | -77.7% |
| 2022 | 3.05 % change on previous year | -242.1% |
| 2023 | -8.84 % change on previous year | -389.9% |
| 2024 | 12.68 % change on previous year | -243.4% |
| 2025 | -8.37 % change on previous year | -166.0% |
North Macedonia compared with similar countries
- North Macedonia's -8.37 % change on previous year is below the median for upper middle income countries, which is 4.12 % change on previous year. (48 countries reporting)
- North Macedonia's -8.37 % change on previous year is below the median for Europe & Central Asia, which is 19.41 % change on previous year. (51 countries reporting)
Biggest year-on-year movements
Years where Terms of trade adjustment (constant LCU), annual growth rate in North Macedonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +27954.3% | -0.2347 % change on previous year | 65.37 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -5.98 % change on previous year | -124.41 % change on previous year | 114.57 % change on previous year | 8 |
| 2000s | 2.63 % change on previous year | -314.51 % change on previous year | 356.17 % change on previous year | 9 |
| 2010s | 36.49 % change on previous year | -517.67 % change on previous year | 457.29 % change on previous year | 10 |
| 2020s | -2.21 % change on previous year | -9.62 % change on previous year | 12.68 % change on previous year | 6 |
Countries ranked near North Macedonia
- 113 Slovakia -7.76 % change on previous year compare
- 114 Montenegro -7.94 % change on previous year compare
- 115 Sao Tome and Principe -8.08 % change on previous year compare
- 117 Kyrgyzstan -8.68 % change on previous year compare
- 118 Norway -8.85 % change on previous year compare
- 119 Philippines -9.96 % change on previous year compare
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 terms of trade adjustment (constant lcu), annual growth rate in North Macedonia?
- Terms of trade adjustment (constant lcu), annual growth rate in North Macedonia was -8.37 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest terms of trade adjustment (constant lcu), annual growth rate recorded in North Macedonia?
- The highest recorded value was 457.29 % change on previous year in 2015.
- What is the lowest terms of trade adjustment (constant lcu), annual growth rate recorded in North Macedonia?
- The lowest recorded value was -517.67 % change on previous year in 2011.
- How does North Macedonia rank for terms of trade adjustment (constant lcu), annual growth rate?
- North Macedonia ranks 116th out of 178 countries with data for 2025.
- Is terms of trade adjustment (constant lcu), annual growth rate rising or falling in North Macedonia?
- Over the last ten years it is down 101.8%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Statizoid (derived), published as part of Terms of trade adjustment (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Terms of trade adjustment Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.