Value Added (Total Manufacturing) — Value Standard Local Currency in North Macedonia
North Macedonia: Value Added (Total Manufacturing) — Value Standard Local Currency was 69,872 million SLC in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in North Macedonia, 1990–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in North Macedonia stood at 69,872 million SLC.
The figure is down 0.8% on the previous year and up 35.6% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in North Macedonia peaked at 72,396 million SLC in 2021 and was at its lowest, 27,488 million SLC, in 1995.
That places North Macedonia 94th out of 194 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in North Macedonia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1990 | 52,978 million SLC | — |
| 1991 | 45,135 million SLC | -14.8% |
| 1992 | 37,356 million SLC | -17.2% |
| 1993 | 32,773 million SLC | -12.3% |
| 1994 | 30,383 million SLC | -7.3% |
| 1995 | 27,488 million SLC | -9.5% |
| 1996 | 28,887 million SLC | +5.1% |
| 1997 | 29,852 million SLC | +3.3% |
| 1998 | 29,995 million SLC | +0.5% |
| 1999 | 30,735 million SLC | +2.5% |
| 2000 | 33,845 million SLC | +10.1% |
| 2001 | 31,917 million SLC | -5.7% |
| 2002 | 32,859 million SLC | +3.0% |
| 2003 | 35,856 million SLC | +9.1% |
| 2004 | 38,421 million SLC | +7.2% |
| 2005 | 42,474 million SLC | +10.6% |
| 2006 | 47,824 million SLC | +12.6% |
| 2007 | 41,654 million SLC | -12.9% |
| 2008 | 40,815 million SLC | -2.0% |
| 2009 | 42,496 million SLC | +4.1% |
| 2010 | 42,415 million SLC | -0.2% |
| 2011 | 47,562 million SLC | +12.1% |
| 2012 | 47,004 million SLC | -1.2% |
| 2013 | 51,533 million SLC | +9.6% |
| 2014 | 62,626 million SLC | +21.5% |
| 2015 | 65,735 million SLC | +5.0% |
| 2016 | 64,728 million SLC | -1.5% |
| 2017 | 65,792 million SLC | +1.6% |
| 2018 | 69,862 million SLC | +6.2% |
| 2019 | 71,669 million SLC | +2.6% |
| 2020 | 68,238 million SLC | -4.8% |
| 2021 | 72,396 million SLC | +6.1% |
| 2022 | 70,461 million SLC | -2.7% |
| 2023 | 69,872 million SLC | -0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 34,558 million SLC | 27,488 million SLC | 52,978 million SLC | 10 |
| 2000s | 38,816 million SLC | 31,917 million SLC | 47,824 million SLC | 10 |
| 2010s | 58,893 million SLC | 42,415 million SLC | 71,669 million SLC | 10 |
| 2020s | 70,242 million SLC | 68,238 million SLC | 72,396 million SLC | 4 |
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)
- Services, value added (constant LCU), per capita 178,246 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 4.63 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 13.49 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8702 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 9,129 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.06 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 47.56 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 498,876 current LCU per person (2025)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in North Macedonia?
- Value added (total manufacturing) — value standard local currency in North Macedonia was 69,872 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in North Macedonia?
- The highest recorded value was 72,396 million SLC in 2021.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in North Macedonia?
- The lowest recorded value was 27,488 million SLC in 1995.
- How does North Macedonia rank for value added (total manufacturing) — value standard local currency?
- North Macedonia ranks 94th out of 194 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in North Macedonia?
- Over the last ten years it is up 35.6%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).