GDP (constant LCU), annual growth rate in North Macedonia
North Macedonia: GDP (constant LCU), annual growth rate was 2.76 % change on previous year in 2024. ◆ Volatile
GDP (constant LCU), annual growth rate in North Macedonia, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
North Macedonia recorded 2.76 % change on previous year for gdp (constant lcu), annual growth rate in 2024.
The figure is up 33.0% on the previous year and down 24.1% over ten years.
Over the whole period, gdp (constant lcu), annual growth rate in North Macedonia peaked at 6.47 % change on previous year in 2007 and was at its lowest, -7.47 % change on previous year, in 1993.
North Macedonia ranks 125th of 212 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU), annual growth rate in North Macedonia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | -6.17 % change on previous year | — |
| 1992 | -6.56 % change on previous year | +6.4% |
| 1993 | -7.47 % change on previous year | +13.8% |
| 1994 | -1.76 % change on previous year | -76.5% |
| 1995 | -1.11 % change on previous year | -36.6% |
| 1996 | 1.19 % change on previous year | -206.3% |
| 1997 | 1.44 % change on previous year | +21.5% |
| 1998 | 3.38 % change on previous year | +134.6% |
| 1999 | 4.34 % change on previous year | +28.4% |
| 2000 | 4.55 % change on previous year | +4.8% |
| 2001 | -3.07 % change on previous year | -167.4% |
| 2002 | 1.49 % change on previous year | -148.7% |
| 2003 | 2.22 % change on previous year | +48.8% |
| 2004 | 4.67 % change on previous year | +110.3% |
| 2005 | 4.72 % change on previous year | +1.1% |
| 2006 | 5.14 % change on previous year | +8.7% |
| 2007 | 6.47 % change on previous year | +26.0% |
| 2008 | 5.47 % change on previous year | -15.5% |
| 2009 | -0.3586 % change on previous year | -106.6% |
| 2010 | 3.36 % change on previous year | -1036.6% |
| 2011 | 2.34 % change on previous year | -30.3% |
| 2012 | -0.4562 % change on previous year | -119.5% |
| 2013 | 2.93 % change on previous year | -741.2% |
| 2014 | 3.63 % change on previous year | +24.1% |
| 2015 | 3.86 % change on previous year | +6.2% |
| 2016 | 2.85 % change on previous year | -26.1% |
| 2017 | 1.08 % change on previous year | -62.0% |
| 2018 | 2.88 % change on previous year | +166.3% |
| 2019 | 3.91 % change on previous year | +35.8% |
| 2020 | -4.69 % change on previous year | -219.9% |
| 2021 | 4.51 % change on previous year | -196.2% |
| 2022 | 2.76 % change on previous year | -38.8% |
| 2023 | 2.07 % change on previous year | -24.9% |
| 2024 | 2.76 % change on previous year | +33.0% |
North Macedonia compared with similar countries
- North Macedonia's 2.76 % change on previous year is below the median for upper middle income countries, which is 3.34 % change on previous year, 82% of the median. (58 countries reporting)
- North Macedonia's 2.76 % change on previous year is above the median for Europe & Central Asia, which is 2.27 % change on previous year, 1.2× the median. (55 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU), annual growth rate in North Macedonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +1036.6% | -0.3586 % change on previous year | 3.36 % change on previous year |
| 2013 | +741.2% | -0.4562 % change on previous year | 2.93 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.42 % change on previous year | -7.47 % change on previous year | 4.34 % change on previous year | 9 |
| 2000s | 3.13 % change on previous year | -3.07 % change on previous year | 6.47 % change on previous year | 10 |
| 2010s | 2.64 % change on previous year | -0.4562 % change on previous year | 3.91 % change on previous year | 10 |
| 2020s | 1.48 % change on previous year | -4.69 % change on previous year | 4.51 % change on previous year | 5 |
Countries ranked near North Macedonia
- 122 Marshall Islands 2.77 % change on previous year compare
- 123 Qatar 2.77 % change on previous year compare
- 124 Lesotho 2.76 % change on previous year compare
- 126 Chile 2.64 % change on previous year compare
- 127 Eswatini 2.64 % change on previous year compare
- 128 El Salvador 2.6 % change on previous year compare
More population data for North Macedonia
- Population regions with projections, annual growth rate -1.24 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -3.21 % change on previous year (2050)
- Population long run with projections, annual growth rate -1.24 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.9708 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 1,909 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population -0.1557 Percent per annum (2030)
- Projected population under age 5, annual growth rate -1.01 % change on previous year (2100)
- World population growth -1.2% (2100)
- Population density 34.22 people per km² (2100)
- Number of children under 5, by world region 28,904 people (2100)
Frequently asked questions
- What is gdp (constant lcu), annual growth rate in North Macedonia?
- Gdp (constant lcu), annual growth rate in North Macedonia was 2.76 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (constant lcu), annual growth rate recorded in North Macedonia?
- The highest recorded value was 6.47 % change on previous year in 2007.
- What is the lowest gdp (constant lcu), annual growth rate recorded in North Macedonia?
- The lowest recorded value was -7.47 % change on previous year in 1993.
- How does North Macedonia rank for gdp (constant lcu), annual growth rate?
- North Macedonia ranks 125th out of 212 countries with data for 2024.
- Is gdp (constant lcu), annual growth rate rising or falling in North Macedonia?
- Over the last ten years it is down 24.1%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.