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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 2021 was at about 12.259 USD per capita. GDP in North Macedonia, on the other hand, reached USD 6.721 per capita, or 13.88 billion USD 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 75.
Inflation in North Macedonia was in 2021 at around 3.23%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 56.0% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: North Macedonia

Impact of the Covid-19 pandemic

Overall, the gross domestic product in North Macedonia in 2020 decreased moderatly from 12.61 billion US Dollar to 12.12 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 3.9% is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 37 percent. Fortunately, the unemployment rate actually fell from 17.3 to 17.2 percent. The consumer inflation rate has risen from 0.8% previously to 1.2% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 North Macedonia
Total
North Macedonia
per capita
EU
Total
EU
per capita
GDP13.88 bn USD6,720.90 USD17.09 tn USD33,228.68 USD
Gross national product12.67 bn USD6,133.71 USD16.78 tn USD32,621.03 USD

Development of the Gross domestic product in billion US Dollar 1990 - 2021



Im- and Exports 2021

 North Macedonia
Total
North Macedonia
per capita
EU
Total
EU
per capita
Imports11.35 bn USD5,495.21 USD8,916.24 bn USD17,337.55 USD
Exports9.15 bn USD4,430.91 USD9,554.34 bn USD18,578.33 USD

Development of imports and exports in billions of USD 1996 - 2021
Exports
Imports

North Macedonia: AirportsThe 2 airports in North MacedoniaThe 2 biggest airports in North Macedonia (Skopje Alexander the Great and Ohrid St. Paul the Apostle)
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
United States of America: EarthquakeRecent earthquakes and their magnitudes in the United StatesEarthquakes and their intensities in the United States of America