Economic Trivia

The service sector accounts for over half of Macedonia's GDP, at 57.1%.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2016): Germany, Serbia, and United Kingdom
Top 3 Exported Goods (2016): Chemical Products, Industrial Machinery, and Electrical Machinery

Top Industries Source: CIA World Factbook

Food Processing; Beverages; Textiles; Chemicals

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $31,470,439,662 (2016)
GDP Growth Rate (annual %) 2.406% (2016)
GDP Per Capita, PPP (current international) $15,121 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 126/194 (2016)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) -0.239% (2016)
External debt stocks, total (DOD, current US$) $7,382,761,000 (2016)
Total tax rate (% of commercial profits) 13% (2017)
Real Interest Rate (5 year average %) 0.334% (2016)
Manufacturing, value added (% of GDP) 15.319% (2016)
Current Account Balance (BoP, current US$) ($341,165,352) (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 966,985 (2017)
Employment in Agriculture (% of total employment) 17.87% (2015)
Employment in Industry (% of total employment) 30.5% (2015)
Employment in Services (% of total employment) 51.64% (2015)
Unemployment Rate 27.254% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $6,953,629,769 (2016)
Exports of goods and services (current US$) $5,367,444,081 (2016)
Total Merchandise Trade (% of GDP) 107.466% (2014)
FDI, net inflows (BoP, current US$) $573,060,169 (2016)
Commercial Service Exports (current US$) $1,594,168,718 (2016)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Macedonia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank