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) $41,486,411,450 (2022)
GDP Growth Rate (annual %) 2.147% (2022)
GDP Per Capita, PPP (current international) $20,162 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 129/197 (2022)

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 %) 14.205% (2022)
External debt stocks, total (DOD, current US$) $10,839,504,439 (2021)
Total tax rate (% of commercial profits) 13% (2019)
Real Interest Rate (5 year average %) -3.124% (2022)
Manufacturing, value added (% of GDP) 13.101% (2022)
Current Account Balance (BoP, current US$) ($840,413,757) (2022)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 940,107 (2022)
Employment in Agriculture (% of total employment) 10.822% (2021)
Employment in Industry (% of total employment) 30.82% (2021)
Employment in Services (% of total employment) 58.358% (2021)
Unemployment Rate 15.081% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $13,010,255,228 (2022)
Exports of goods and services (current US$) $10,158,049,740 (2022)
Total Merchandise Trade (% of GDP) 158.385% (2022)
FDI, net inflows (BoP, current US$) $870,411,847 (2022)
Commercial Service Exports (current US$) $2,426,451,399 (2022)
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