Indicators of economy in North Macedonia

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in North Macedonia reached 5.888 US dollars per inhabitant, or 12.27 bn US Dollar in the whole country. North Macedonia is one of the smaller economies and is currently ranked 135. If this is calculated per inhabitant taking into account the purchasing power parity, then North Macedonia is in the list of the world's richest countries in place 70.

Inflation in North Macedonia was in 2020 at around 1.20%. For the the EU, the average of the same was year at 0.51%.

Compared to Germany, the prices for convenience goods are approximately 53.42% lower.
The Corruption Perceptions Index for the public sector counts 35 and is compared to other countries bad.


Back to overview: Macedonia