Price level ratio of PPP conversion factor (GDP) to market exchange in North Macedonia

North Macedonia: Price level ratio of PPP conversion factor (GDP) to market exchange was 0.3502 in 2024. ▼ Falling

Latest (2024)
0.3502
Change on year
down 1.0%
World rank
143rd
of 202 countries
All-time high
0.4796
in 1995
All-time low
0.2382
in 1992
Years of data
35
1990–2024

Price level ratio of PPP conversion factor (GDP) to market exchange in North Macedonia, 1990–2024

00.10.20.30.40.51990200720241990: 0.4261991: 0.4611992: 0.2381993: 0.2771994: 0.3661995: 0.481996: 0.4591997: 0.3751998: 0.3441999: 0.3352000: 0.3032001: 0.3012002: 0.3112003: 0.372004: 0.392005: 0.3912006: 0.3872007: 0.4362008: 0.462009: 0.4162010: 0.4032011: 0.4362012: 0.3972013: 0.4122014: 0.4092015: 0.352016: 0.342017: 0.3472018: 0.3642019: 0.3322020: 0.3342021: 0.3442022: 0.3162023: 0.3542024: 0.35

Source: UNESCO Institute for Statistics.

Analysis

North Macedonia recorded 0.3502 for price level ratio of ppp conversion factor (gdp) to market exchange in 2024.

Compared with earlier readings it is down 1.0% on the previous year and down 14.4% over ten years.

Over the whole period, price level ratio of ppp conversion factor (gdp) to market exchange in North Macedonia peaked at 0.4796 in 1995 and was at its lowest, 0.2382, in 1992.

North Macedonia ranks 143rd of 202 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 35 years of available data.

Price level ratio of PPP conversion factor (GDP) to market exchange in North Macedonia, year by year

Annual values for Price level ratio of PPP conversion factor (GDP) to market exchange rate in North Macedonia, 1990 to 2024.
Year Value Change
1990 0.4259
1991 0.4615 +8.3%
1992 0.2382 -48.4%
1993 0.2769 +16.2%
1994 0.3662 +32.3%
1995 0.4796 +31.0%
1996 0.459 -4.3%
1997 0.375 -18.3%
1998 0.3443 -8.2%
1999 0.3346 -2.8%
2000 0.3026 -9.6%
2001 0.3012 -0.5%
2002 0.311 +3.3%
2003 0.37 +19.0%
2004 0.3898 +5.4%
2005 0.3915 +0.4%
2006 0.387 -1.1%
2007 0.4362 +12.7%
2008 0.4601 +5.5%
2009 0.4164 -9.5%
2010 0.403 -3.2%
2011 0.4361 +8.2%
2012 0.3968 -9.0%
2013 0.4118 +3.8%
2014 0.4091 -0.7%
2015 0.3499 -14.5%
2016 0.3402 -2.8%
2017 0.347 +2.0%
2018 0.3637 +4.8%
2019 0.3322 -8.6%
2020 0.3336 +0.4%
2021 0.3441 +3.2%
2022 0.316 -8.2%
2023 0.3536 +11.9%
2024 0.3502 -1.0%

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.3761 0.2382 0.4796 10
2000s 0.3766 0.3012 0.4601 10
2010s 0.379 0.3322 0.4361 10
2020s 0.3395 0.316 0.3536 5

Countries ranked near North Macedonia

  1. 140 Congo 0.3533 compare
  2. 141 Türkiye 0.3522 compare
  3. 142 Mongolia 0.3504 compare
  4. 144 Paraguay 0.3464 compare
  5. 145 Kazakhstan 0.3432 compare
  6. 146 Chad 0.3431 compare

See the full ranking of 202 places →

More population data for North Macedonia

All data for North Macedonia →

Frequently asked questions

What is price level ratio of ppp conversion factor (gdp) to market exchange in North Macedonia?
Price level ratio of ppp conversion factor (gdp) to market exchange in North Macedonia was 0.3502 in 2024, according to UNESCO Institute for Statistics.
What is the highest price level ratio of ppp conversion factor (gdp) to market exchange recorded in North Macedonia?
The highest recorded value was 0.4796 in 1995.
What is the lowest price level ratio of ppp conversion factor (gdp) to market exchange recorded in North Macedonia?
The lowest recorded value was 0.2382 in 1992.
How does North Macedonia rank for price level ratio of ppp conversion factor (gdp) to market exchange?
North Macedonia ranks 143rd out of 202 countries with data for 2024.
Is price level ratio of ppp conversion factor (gdp) to market exchange rising or falling in North Macedonia?
Over the last ten years it is down 14.4%. The long-run trend across the full record is falling.
Where does this North Macedonia data come from?
The figures come from UNESCO Institute for Statistics, published as part of Price level ratio of PPP conversion factor (GDP) to market exchange rate. Statizoid updates them automatically from the source API.

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Price level ratio of PPP conversion factor (GDP) to market exchange in North Macedonia. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 05 September 2026, from https://population.statizoid.com/stat/price-level-ratio-of-ppp-conversion-factor-gdp-to-market-exchange-rate-2/north-macedonia/

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About this data

Indicator
Price level ratio of PPP conversion factor (GDP) to market exchange rate
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
202 places, 6,811 data points, 1990–2024
Last refreshed

February 2026 Data Release