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North Macedonia GDP

North Macedonia's GDP rose to $16.69 billion in 2024, up from $15.76 billion in 2023, according to World Bank. This represents an increase of 5.8% ($921.63 million) from the previous year and accounts for 0.01% of the world's total GDP. North Macedonia has GDP lower than the global median ($16.69 billion vs median $35.85 billion). Compared with the median in Europe, North Macedonia is lower ($16.69 billion vs regional median $126.99 billion) and ranks 40th out of 48 countries in Europe.

North Macedonia's GDP per capita rose to $6,700.64 in 2024, up from $6,393.77 in 2023.

Yearly Historical Data (1990-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 16.69
2023 15.76
2022 13.93
2021 14
2020 12.36
2019 12.61
2018 12.68
2017 11.31
2016 10.67
2015 10.06
2014 11.36
2013 10.82
2012 9.75
2011 10.49
2010 9.41
2009 9.4
2008 9.91
2007 8.34
2006 6.86
2005 6.26
2004 5.68
2003 4.95
2002 4.02
2001 3.71
2000 3.77
1999 3.86
1998 3.77
1997 3.91
1996 4.64
1995 4.71
1994 3.56
1993 2.68
1992 2.44
1991 4.94
1990 4.7
North Macedonia GDP : Definition
GDP measures the total value of all goods and services produced in North Macedonia, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 2.76% 2.07% 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