Volume of remittances (in United States dollars) as a proportion of in North Macedonia
North Macedonia: Volume of remittances (in United States dollars) as a proportion of was 2.7% in 2024. ▬ Flat
Latest (2024)
2.7%
Change on year
down 7.3%
World rank
93rd
of 203 countries
All-time high
4.1%
in 2007
All-time low
2.0%
in 2001
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in North Macedonia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
North Macedonia recorded 2.7% for volume of remittances (in united states dollars) as a proportion of in 2024.
The figure is down 7.3% on the previous year and down 19.9% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in North Macedonia peaked at 4.1% in 2007 and was at its lowest, 2.0%, in 2001.
That places North Macedonia 93rd out of 203 countries with data for 2024, putting it in the middle of the range.
Volume of remittances (in United States dollars) as a proportion of in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 2.1% | — |
| 2001 | 2.0% | -7.7% |
| 2002 | 2.6% | +33.1% |
| 2003 | 3.5% | +33.2% |
| 2004 | 3.7% | +6.8% |
| 2005 | 3.6% | -3.4% |
| 2006 | 3.9% | +7.3% |
| 2007 | 4.1% | +6.5% |
| 2008 | 4.1% | -0.9% |
| 2009 | 4.1% | -1.2% |
| 2010 | 4.1% | +1.7% |
| 2011 | 4.1% | +0.3% |
| 2012 | 4.0% | -2.2% |
| 2013 | 3.5% | -14.0% |
| 2014 | 3.4% | -2.9% |
| 2015 | 3.2% | -3.7% |
| 2016 | 3.0% | -8.8% |
| 2017 | 3.1% | +2.9% |
| 2018 | 3.0% | -2.0% |
| 2019 | 2.8% | -5.9% |
| 2020 | 3.8% | +35.2% |
| 2021 | 3.5% | -8.0% |
| 2022 | 3.3% | -6.3% |
| 2023 | 2.9% | -11.0% |
| 2024 | 2.7% | -7.3% |
North Macedonia compared with similar countries
- North Macedonia's 2.7% is below the median for upper middle income countries, which is 3.6%, 74% of the median. (53 countries reporting)
- North Macedonia's 2.7% is above the median for Europe & Central Asia, which is 1.5%, 1.7× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.4% | 2.0% | 4.1% | 10 |
| 2010s | 3.4% | 2.8% | 4.1% | 10 |
| 2020s | 3.2% | 2.7% | 3.8% | 5 |
Countries ranked near North Macedonia
- 90 Sint Maarten (Dutch part) 2.8% compare
- 91 Colombia 2.8% compare
- 92 Democratic Republic of the Congo 2.8% compare
- 94 Luxembourg 2.7% compare
- 95 Uganda 2.7% compare
- 96 Syrian Arab Republic 2.6% compare
- 96 Syria 2.6% 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 volume of remittances (in united states dollars) as a proportion of in North Macedonia?
- Volume of remittances (in united states dollars) as a proportion of in North Macedonia was 2.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in North Macedonia?
- The highest recorded value was 4.1% in 2007.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in North Macedonia?
- The lowest recorded value was 2.0% in 2001.
- How does North Macedonia rank for volume of remittances (in united states dollars) as a proportion of?
- North Macedonia ranks 93rd out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in North Macedonia?
- Over the last ten years it is down 19.9%. The long-run trend across the full record is flat.
- Where does this North Macedonia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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