Economic Trivia

The service sector accounts for over half of North 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 (2021): Germany, United Kingdom, and Serbia
Top 3 Exported Goods (2021): Chemical Products, Electrical Machinery, and Industrial Machinery

Top Industries Source: CIA World Factbook

Food Processing; Beverages; Textiles; Chemicals

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $37,630,697,240 (2021)
GDP Growth Rate (annual %) 3.964% (2021)
GDP Per Capita, PPP (current international) $18,222 (2021)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 130/197 (2021)

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 %) 3.231% (2021)
External debt stocks, total (DOD, current US$) $10,839,504,439 (2021)
Total tax rate (% of commercial profits) 13% (2019)
Real Interest Rate (5 year average %) 1.277% (2021)
Manufacturing, value added (% of GDP) 12.66% (2021)
Current Account Balance (BoP, current US$) ($420,177,671) (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 916,180 (2021)
Employment in Agriculture (% of total employment) 15.057% (2020)
Employment in Industry (% of total employment) 31.444% (2020)
Employment in Services (% of total employment) 53.499% (2020)
Unemployment Rate 16.203% (2021)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $11,371,684,494 (2021)
Exports of goods and services (current US$) $9,154,224,181 (2021)
Total Merchandise Trade (% of GDP) 141.569% (2021)
FDI, net inflows (BoP, current US$) $744,891,709 (2021)
Commercial Service Exports (current US$) $2,056,135,212 (2021)
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, North 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