Value Added Deflator (Manufacturing) — Value Standard Local Currency in North Macedonia
North Macedonia: Value Added Deflator (Manufacturing) — Value Standard Local Currency was 3.51 % change on previous year in 2023. ◆ Volatile
Value Added Deflator (Manufacturing) — Value Standard Local Currency in North Macedonia, 1991–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
North Macedonia recorded 3.51 % change on previous year for value added deflator (manufacturing) — value standard local currency in 2023.
That represents a change of down 41.1% on the previous year and up 170.0% over ten years.
Over the whole period, value added deflator (manufacturing) — value standard local currency in North Macedonia peaked at 399.41 % change on previous year in 1993 and was at its lowest, -16.08 % change on previous year, in 2004.
North Macedonia ranks 123rd of 209 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.
Value Added Deflator (Manufacturing) — Value Standard Local Currency in North Macedonia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 68.75 % change on previous year | — |
| 1993 | 399.41 % change on previous year | +481.0% |
| 1994 | 117.36 % change on previous year | -70.6% |
| 1995 | 24.23 % change on previous year | -79.4% |
| 1996 | -0.7193 % change on previous year | -103.0% |
| 1997 | 1.27 % change on previous year | -276.2% |
| 1998 | -0.1309 % change on previous year | -110.3% |
| 1999 | 1.93 % change on previous year | -1571.5% |
| 2000 | 1.09 % change on previous year | -43.3% |
| 2001 | 7.59 % change on previous year | +595.4% |
| 2002 | -6.35 % change on previous year | -183.7% |
| 2003 | 0.8164 % change on previous year | -112.9% |
| 2004 | -16.08 % change on previous year | -2069.6% |
| 2005 | 25.33 % change on previous year | -257.5% |
| 2006 | 1.61 % change on previous year | -93.6% |
| 2007 | 27.67 % change on previous year | +1617.8% |
| 2008 | 8.78 % change on previous year | -68.3% |
| 2009 | -13.3 % change on previous year | -251.5% |
| 2010 | 18.1 % change on previous year | -236.1% |
| 2011 | 9.48 % change on previous year | -47.6% |
| 2012 | -8.71 % change on previous year | -191.8% |
| 2013 | -5.02 % change on previous year | -42.4% |
| 2014 | -4.44 % change on previous year | -11.5% |
| 2015 | 8.38 % change on previous year | -288.7% |
| 2016 | 12.92 % change on previous year | +54.2% |
| 2017 | 4.85 % change on previous year | -62.5% |
| 2018 | 6.64 % change on previous year | +36.9% |
| 2019 | 2.53 % change on previous year | -61.9% |
| 2020 | 0.7447 % change on previous year | -70.5% |
| 2021 | 4.17 % change on previous year | +459.5% |
| 2022 | 5.96 % change on previous year | +43.1% |
| 2023 | 3.51 % change on previous year | -41.1% |
North Macedonia compared with similar countries
- North Macedonia's 3.51 % change on previous year is below the median for upper middle income countries, which is 3.77 % change on previous year, 93% of the median. (51 countries reporting)
- North Macedonia's 3.51 % change on previous year is below the median for Europe & Central Asia, which is 5.11 % change on previous year, 69% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Value Added Deflator (Manufacturing) — Value Standard Local Currency 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 |
|---|---|---|---|
| 2004 | -2069.6% | 0.8164 % change on previous year | -16.08 % change on previous year |
| 2007 | +1617.8% | 1.61 % change on previous year | 27.67 % change on previous year |
| 1999 | +1571.5% | -0.1309 % change on previous year | 1.93 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 76.51 % change on previous year | -0.7193 % change on previous year | 399.41 % change on previous year | 8 |
| 2000s | 3.72 % change on previous year | -16.08 % change on previous year | 27.67 % change on previous year | 10 |
| 2010s | 4.47 % change on previous year | -8.71 % change on previous year | 18.1 % change on previous year | 10 |
| 2020s | 3.6 % change on previous year | 0.7447 % change on previous year | 5.96 % change on previous year | 4 |
Countries ranked near North Macedonia
- 120 Bosnia and Herzegovina 3.73 % change on previous year compare
- 121 Colombia 3.58 % change on previous year compare
- 122 Iceland 3.52 % change on previous year compare
- 124 Canada 3.34 % change on previous year compare
- 125 Paraguay 3.31 % change on previous year compare
- 126 Niger 3.26 % 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 value added deflator (manufacturing) — value standard local currency in North Macedonia?
- Value added deflator (manufacturing) — value standard local currency in North Macedonia was 3.51 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added deflator (manufacturing) — value standard local currency recorded in North Macedonia?
- The highest recorded value was 399.41 % change on previous year in 1993.
- What is the lowest value added deflator (manufacturing) — value standard local currency recorded in North Macedonia?
- The lowest recorded value was -16.08 % change on previous year in 2004.
- How does North Macedonia rank for value added deflator (manufacturing) — value standard local currency?
- North Macedonia ranks 123rd out of 209 countries with data for 2023.
- Is value added deflator (manufacturing) — value standard local currency rising or falling in North Macedonia?
- Over the last ten years it is up 170.0%. 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 Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added Deflator (Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.