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North Macedonia Trade (% GDP)

North Macedonia's trade (% GDP) fell to 138.48% in 2024, down from 148.67% in 2023, according to World Bank. This represents a decrease of 10.19% from the previous year. North Macedonia has trade (% GDP) higher than the global median (138.48% vs median 84.49%). Compared with the median in Europe, North Macedonia is higher (138.48% vs regional median 111.00%) and ranks 13th out of 44 countries in Europe.

Yearly Historical Data (1990-2024)

(in %)
Year Trade (% GDP)
2024 138.48%
2023 148.67%
2022 166.15%
2021 146.72%
2020 128.24%
2019 138.58%
2018 133.22%
2017 124.14%
2016 116.19%
2015 113.7%
2014 112.54%
2013 104.86%
2012 112.21%
2011 113.19%
2010 97.88%
2009 87.18%
2008 111.57%
2007 106.09%
2006 92.55%
2005 85.84%
2004 80.87%
2003 71.07%
2002 71.53%
2001 71.48%
2000 80.16%
1999 72.62%
1998 76.59%
1997 71.83%
1996 57.92%
1995 72.04%
1994 82.34%
1993 96.44%
1992 102.38%
1991 46.38%
1990 58.69%
North Macedonia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for North Macedonia divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $8.42B $8.99B 2024
Annual Imports $11.97B $12.05B 2024
Exports (% GDP) 62.68% 67.82% 2024
FDI Inflows (% GDP) 7.03% 4.07% 2024
Imports (% GDP) 75.8% 80.85% 2024
Net Trade (Goods & Services, BoP) -$2.2B -$2.06B 2024
Tariff Rate 3.65% 3.46% 2022