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North Macedonia GDP Annual Growth Rate

North Macedonia's GDP annual growth rate rose to 2.76% in 2024, up from 2.07% in 2023, according to World Bank. This represents an increase of 0.69% from the previous year. North Macedonia has GDP annual growth rate lower than the global median (2.76% vs median 3.24%). Compared with the median in Europe, North Macedonia is higher (2.76% vs regional median 2.10%) and ranks 20th out of 47 countries in Europe.

North Macedonia's real GDP rose to $12.01 billion in 2024, up from $11.69 billion in 2023.

Yearly Historical Data (1991-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 2.76%
2023 2.07%
2022 2.76%
2021 4.51%
2020 -4.69%
2019 3.91%
2018 2.88%
2017 1.08%
2016 2.85%
2015 3.86%
2014 3.63%
2013 2.93%
2012 -0.46%
2011 2.34%
2010 3.36%
2009 -0.36%
2008 5.47%
2007 6.47%
2006 5.14%
2005 4.72%
2004 4.67%
2003 2.22%
2002 1.49%
2001 -3.07%
2000 4.55%
1999 4.34%
1998 3.38%
1997 1.44%
1996 1.19%
1995 -1.11%
1994 -1.76%
1993 -7.47%
1992 -6.57%
1991 -6.17%
North Macedonia GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in North Macedonia's total economic output.
Indicator Last Value Prior Value Period
GDP $16.69B $15.76B 2024
GDP per Capita $6,700.64 $6,393.77 2024
GDP per Capita PPP $24,463.99 $23,343.6 2024
R&D Expenditure (% GDP) 0.4% 0.38% 2023
Real GDP $12.01B $11.69B 2024