North Macedonia Forecast: Real GDP Growth

1993 - 2027 | Yearly | % | International Monetary Fund

Key information about North Macedonia Forecast: Real GDP Growth

  • North Macedonia Real GDP Growth is forecasted to be 3.200 % in Dec 2022 as reported by International Monetary Fund.
  • It records no change from the last reported number of 3.964 % in Dec 2021.
  • Looking ahead, North Macedonia Real GDP Growth is projected to stand at 3.500 % in Dec 2027.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.

View North Macedonia's Forecast: Real GDP Growth from 1993 to 2027 in the chart:

North Macedonia Forecast: Real GDP Growth

What is North Macedonia's Forecast: Real GDP Growth in 2027?

North Macedonia Real GDP Growth is forecasted to be 3.200 % in Dec 2022 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.500 2027 3.500 2026 -7.500 1993 6.473 2007 % yearly 1993 - 2027

Forecast: Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Afghanistan (%) -2.351 2020 yearly 2003 - 2020
Albania (%) 3.400 2027 yearly 1980 - 2027
Algeria (%) 1.812 2027 yearly 1980 - 2027
Andorra (%) 1.500 2027 yearly 2001 - 2027
Angola (%) 3.940 2027 yearly 1980 - 2027
Antigua and Barbuda (%) 2.703 2027 yearly 1980 - 2027
Argentina (%) 2.000 2027 yearly 1980 - 2027
Armenia (%) 4.500 2027 yearly 1993 - 2027
Aruba (%) 1.400 2027 yearly 1987 - 2027
Australia (%) 2.585 2027 yearly 1980 - 2027
Austria (%) 1.780 2027 yearly 1980 - 2027
Azerbaijan (%) 2.493 2027 yearly 1993 - 2027
Bahamas (%) 1.496 2027 yearly 1980 - 2027
Bahrain (%) 3.050 2027 yearly 1980 - 2027
Bangladesh (%) 9.531 2021 yearly 1980 - 2021
Barbados (%) 1.840 2027 yearly 1980 - 2027
Belarus (%) 0.574 2027 yearly 1993 - 2027
Belgium (%) 1.198 2027 yearly 1980 - 2027
Belize (%) 2.000 2027 yearly 1980 - 2027
Benin (%) 6.028 2027 yearly 1980 - 2027
Bhutan (%) 5.762 2027 yearly 1980 - 2027
Bolivia (%) 3.400 2027 yearly 1980 - 2027
Bosnia and Herzegovina (%) 3.000 2027 yearly 1997 - 2027
Botswana (%) 3.986 2027 yearly 1980 - 2027
Brazil (%) 2.040 2027 yearly 1980 - 2027
Brunei (%) 2.112 2027 yearly 1986 - 2027
Bulgaria (%) 2.840 2027 yearly 1980 - 2027
Burkina Faso (%) 5.305 2027 yearly 1980 - 2027
Burundi (%) 4.519 2027 yearly 1980 - 2027
Cambodia (%) 6.500 2027 yearly 1988 - 2027
Cameroon (%) 5.164 2027 yearly 1980 - 2027
Canada (%) 1.631 2027 yearly 1980 - 2027
Cape Verde (%) 4.498 2027 yearly 1980 - 2027
Central African Republic (%) 4.664 2027 yearly 1980 - 2027
Chad (%) 3.508 2027 yearly 1980 - 2027
Chile (%) 2.459 2027 yearly 1980 - 2027
China (%) 4.784 2027 yearly 1980 - 2027
Colombia (%) 3.445 2027 yearly 1980 - 2027
Comoros (%) 4.342 2027 yearly 1980 - 2027
Congo (%) 3.370 2027 yearly 1980 - 2027
Costa Rica (%) 3.160 2027 yearly 1980 - 2027
Croatia (%) 3.000 2027 yearly 1993 - 2027
Cyprus (%) 2.930 2027 yearly 1980 - 2027
Czech Republic (%) 2.505 2027 yearly 1996 - 2027
Democratic Republic of Congo (%) 6.632 2027 yearly 1980 - 2027
Denmark (%) 1.800 2027 yearly 1980 - 2027
Djibouti (%) 6.000 2027 yearly 1992 - 2027
Dominica (%) 2.489 2027 yearly 1980 - 2027
Dominican Republic (%) 5.000 2027 yearly 1980 - 2027
Ecuador (%) 2.797 2027 yearly 1980 - 2027
Egypt (%) 5.904 2027 yearly 1980 - 2027
El Salvador (%) 1.965 2027 yearly 1980 - 2027
Equatorial Guinea (%) -0.981 2027 yearly 1980 - 2027
Eritrea (%) 3.752 2027 yearly 1993 - 2027
Estonia (%) 3.300 2027 yearly 1994 - 2027
Swaziland (%) 2.278 2027 yearly 1980 - 2027
Ethiopia (%) 6.990 2027 yearly 1980 - 2027
Fiji (%) 3.413 2027 yearly 1980 - 2027
Finland (%) 1.265 2027 yearly 1980 - 2027
France (%) 1.412 2027 yearly 1980 - 2027
Gabon (%) 3.823 2027 yearly 1981 - 2027
Gambia (%) 5.000 2027 yearly 1980 - 2027
Georgia (%) 5.200 2027 yearly 1995 - 2027
Germany (%) 1.134 2027 yearly 1980 - 2027
Ghana (%) 7.485 2027 yearly 1980 - 2027
Greece (%) 1.201 2027 yearly 1980 - 2027
Grenada (%) 2.849 2027 yearly 1980 - 2027
Guatemala (%) 3.503 2027 yearly 1980 - 2027
Guinea (%) 5.107 2027 yearly 1980 - 2027
Guinea-Bissau (%) 5.000 2027 yearly 1981 - 2027
Guyana (%) 3.748 2027 yearly 1980 - 2027
Haiti (%) 1.700 2027 yearly 1980 - 2027
Honduras (%) 3.940 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.849 2027 yearly 1980 - 2027
Hungary (%) 2.700 2027 yearly 1980 - 2027
Iceland (%) 2.299 2027 yearly 1980 - 2027
India (%) 6.168 2028 yearly 1981 - 2028
Indonesia (%) 5.177 2027 yearly 1980 - 2027
Iran (%) 2.025 2028 yearly 1981 - 2028
Iraq (%) 2.625 2027 yearly 1999 - 2027
Ireland (%) 3.030 2027 yearly 1980 - 2027
Israel (%) 3.515 2027 yearly 1980 - 2027
Italy (%) 0.500 2027 yearly 1980 - 2027
Ivory Coast (%) 6.000 2027 yearly 1980 - 2027
Jamaica (%) 1.600 2027 yearly 1980 - 2027
Japan (%) 0.398 2027 yearly 1980 - 2027
Jordan (%) 3.300 2027 yearly 1980 - 2027
Kazakhstan (%) 3.084 2027 yearly 1993 - 2027
Kenya (%) 5.424 2027 yearly 1980 - 2027
Kiribati (%) 1.971 2027 yearly 1980 - 2027
South Korea (%) 2.284 2027 yearly 1980 - 2027
Kosovo (%) 3.500 2027 yearly 2001 - 2027
Kuwait (%) 2.655 2027 yearly 1980 - 2027
Kyrgyzstan (%) 4.041 2027 yearly 1993 - 2027
Laos (%) 4.300 2027 yearly 1980 - 2027
Latvia (%) 3.260 2027 yearly 1993 - 2027
Lebanon (%) -22.000 2020 yearly 1980 - 2020
Lesotho (%) 0.122 2028 yearly 1981 - 2028
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

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North Macedonia Key Series

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Includes 274 key indicators for North Macedonia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.4 2021 yearly 1993 - 2021
Consolidated Fiscal Balance (USD mn) -750.133 2021 yearly 2009 - 2021
Tax Revenue (USD mn) 157.328 May 2022 monthly Jan 2004 - May 2022
Tax Revenue: % of GDP (%) 19.0 Mar 2022 quarterly Mar 2004 - Mar 2022
National Government Debt (USD mn) 6,781.6 Mar 2022 quarterly Dec 2009 - Mar 2022
Government Debt: % of GDP (%) 50.7 Mar 2022 quarterly Dec 2009 - Mar 2022
Forecast: Government Expenditure (MKD bn) 363.553 2027 yearly 1997 - 2027
Forecast: Government Net Debt (MKD bn) 601.149 2027 yearly 1999 - 2027
Forecast: Government Revenue (MKD bn) 331.574 2027 yearly 1997 - 2027
Central Government Budget: Expenditure: Capital (MKD mn) 1,304.000 Apr 2022 monthly Jan 2004 - Apr 2022
Central Government Budget Balance (MKD mn) 2,020.000 Apr 2022 monthly Jan 2004 - Apr 2022
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 5,259.000 Apr 2022 monthly Jan 2004 - Apr 2022
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 1,848.000 May 2022 monthly Jan 2004 - May 2022
Central Government Budget: Expenditure: Current (MKD mn) 19,614.000 May 2022 monthly Jan 2004 - May 2022
Central Government Budget: Expenditure (MKD mn) 20,653.000 May 2022 monthly Jan 2004 - May 2022
Central Government Budget: Revenue (MKD mn) 21,777.000 Apr 2022 monthly Jan 2004 - Apr 2022
Central Government Budget: Financing (MKD mn) 3,758.000 May 2022 monthly Jan 2004 - May 2022
Public Debt: External (EUR mn) 4,668.938 2021 yearly 1999 - 2021
Public Debt: Domestic (EUR mn) 2,466.404 2021 yearly 1999 - 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 6.147 2027 yearly 1993 - 2027
Trade Balance (USD mn) -437.5 Apr 2022 monthly Dec 1993 - Apr 2022
Total Exports (USD mn) 796.5 Mar 2022 monthly Jan 2002 - Mar 2022
Total Exports Growth (%) 0.4 Apr 2022 monthly Jan 2003 - Apr 2022
Aluminum: Exports (USD th) 3,133.165 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 107,894.373 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 1,128.578 2020 yearly 1995 - 2020
Total Imports (USD mn) 1,151.1 Mar 2022 monthly Jan 2002 - Mar 2022
Total Imports Growth (%) 10.6 Apr 2022 monthly Jan 2003 - Apr 2022
Imports: Medicament (USD th) 190,970.910 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 52,876.601 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 3.717 Apr 2022 monthly Jan 1999 - Apr 2022
Total Imports from USA (USD mn) 17.176 Apr 2022 monthly Jan 1993 - Apr 2022
Total Exports to China (USD mn) 3.960 Apr 2022 monthly Jan 1999 - Apr 2022
Total Imports from China (USD mn) 74.033 Apr 2022 monthly Aug 1996 - Apr 2022
Exports: ytd: SITC: Miscellaneous Manufactured Articles (USD th) 300,143.802 Apr 2022 monthly Jan 2003 - Apr 2022
Exports: ytd: SITC: Manufactured Goods (USD th) 547,644.867 Apr 2022 monthly Jan 2003 - Apr 2022
Exports: ytd: SITC: Food Products (USD th) 148,368.037 Apr 2022 monthly Jan 2003 - Apr 2022
Exports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 89,688.448 Apr 2022 monthly Jan 2003 - Apr 2022
Exports: ytd: SITC: Beverages and Tobacco (USD th) 57,277.850 Apr 2022 monthly Jan 2003 - Apr 2022
Exports: Bulgaria (USD th) 36,855.799 Apr 2022 monthly Jan 2013 - Apr 2022
Exports: Germany (USD th) 302,471.959 Apr 2022 monthly Jan 2013 - Apr 2022
Exports: Kosovo (USD th) 38,554.617 Apr 2022 monthly Jan 2013 - Apr 2022
Exports: Czech Republic (USD th) 12,506.633 Apr 2022 monthly Jan 2013 - Apr 2022
Exports: USA (USD th) 3,716.782 Apr 2022 monthly Jan 2013 - Apr 2022
Imports: ytd: SITC: Machinery and Transport Equipment (USD th) 775,103.665 Apr 2022 monthly Jan 2003 - Apr 2022
Imports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 860,499.347 Apr 2022 monthly Jan 2003 - Apr 2022
Imports: ytd: SITC: Manufactured Goods (USD th) 1,426,355.662 Apr 2022 monthly Jan 2003 - Apr 2022
Imports: ytd: SITC: Chemical Products (USD th) 597,832.139 Apr 2022 monthly Jan 2003 - Apr 2022
Imports: ytd: SITC: Food Products (USD th) 300,543.841 Apr 2022 monthly Jan 2003 - Apr 2022
Imports: China (USD th) 74,033.168 Apr 2022 monthly Jan 2013 - Apr 2022
Imports: Great Britain (USD th) 211,782.446 Apr 2022 monthly Jan 2013 - Apr 2022
Imports: Greece (USD th) 120,534.144 Apr 2022 monthly Jan 2013 - Apr 2022
Imports: Germany (USD th) 91,357.867 Apr 2022 monthly Jan 2013 - Apr 2022
Imports: USA (USD th) 17,176.474 Apr 2022 monthly Jan 2013 - Apr 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 124.0 Mar 2022 monthly Jan 2001 - Mar 2022
Current Account Balance (USD mn) -141.7 Mar 2022 monthly Jan 2001 - Mar 2022
Current Account Balance: % of GDP (%) -13.4 Mar 2022 quarterly Mar 2000 - Mar 2022
Foreign Direct Investment (USD mn) 176.0 Mar 2022 monthly Jan 2001 - Mar 2022
Foreign Direct Investment: % of GDP (%) 17.3 Mar 2022 quarterly Mar 2000 - Mar 2022
Foreign Portfolio Investment (USD mn) -29.801 Mar 2022 quarterly Mar 1998 - Mar 2022
Foreign Portfolio Investment: % of GDP (%) -0.9 Mar 2022 quarterly Mar 2000 - Mar 2022
Foreign Portfolio Investment: Equity Securities (USD mn) -2.2 Mar 2022 quarterly Mar 1996 - Mar 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 6.539 Dec 2021 quarterly Mar 1998 - Dec 2021
External Debt (USD mn) 11,100.2 Mar 2022 quarterly Dec 2005 - Mar 2022
External Debt: % of GDP (%) 81.4 2021 yearly 2004 - 2021
External Debt: Short Term (USD mn) 2,933.5 Mar 2022 quarterly Dec 2005 - Mar 2022
External Debt: Short Term: % of GDP (%) 18.2 2021 yearly 2004 - 2021
Total Debt: % of GDP (%) 349.7 2020 yearly 2013 - 2020
Forecast: Current Account Balance (USD bn) -0.508 2027 yearly 1992 - 2027
Net International Investment Position (USD mn) -8,665.521 Mar 2022 quarterly Dec 2006 - Mar 2022
BoP: CA: Primary Income (PI) (USD mn) -49.503 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -438.711 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 124.024 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: FA: Portfolio Investment (PI) (USD mn) 19.621 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: FA: Other Investment (OI) (USD mn) 12.711 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: Capital Account: Debit (USD mn) 0.000 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: CA: GS: Goods: Credit (USD mn) 693.500 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: CA: GS: Services (USD mn) 70.895 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: Net Errors & Omissions (USD mn) 7.663 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: CA: Debit (USD mn) 1,220.520 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: Capital Account: Credit (USD mn) 0.025 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: Financial Account (FA) (USD mn) -134.058 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: CA: GS: Services: Debit (USD mn) 121.460 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -20.028 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: FA: Reserve Assets (USD mn) -114.445 Mar 2022 monthly Jan 2001 - Mar 2022
Balance of Payments (BoP): Current Account (CA) (USD mn) -141.746 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: CA: PI: Credit (USD mn) 11.631 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: CA: GS: Goods (USD mn) -329.773 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) -451.422 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: CA: SI: Credit (USD mn) 181.288 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: CA: PI: Debit (USD mn) 61.134 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: CA: Secondary Income (SI) (USD mn) 166.635 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: FA: Direct Investment (DI) (USD mn) -51.945 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: CA: GS: Goods: Debit (USD mn) 1,023.273 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: CA: SI: Debit (USD mn) 14.653 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: CA: Credit (USD mn) 1,078.774 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -0.407 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: Capital Account (USD mn) 0.025 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: CA: GS: Services: Credit (USD mn) 192.356 Mar 2022 monthly Jan 2001 - Mar 2022
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 175.969 Mar 2022 monthly Jan 2001 - Mar 2022
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.000 Dec 2021 quarterly Mar 2006 - Dec 2021
Gross External Debt: GG: Long Term (LT) (EUR mn) 3,249.880 Mar 2022 quarterly Mar 2006 - Mar 2022
Gross External Debt: MI: Private (EUR mn) 5,387.589 Mar 2022 quarterly Mar 2006 - Mar 2022
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 4,589.238 Mar 2022 quarterly Mar 2006 - Mar 2022
Foreign Direct Investment (FDI): Flow (USD mn) 62.612 Mar 2022 monthly Jan 2007 - Mar 2022
FDI: Flow: NACE 2: Manufacturing (EUR mn) 6.786 Mar 2022 quarterly Mar 2009 - Mar 2022
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 15.995 Mar 2022 quarterly Mar 2009 - Mar 2022
FDI: Flow: NACE 2: Services (EUR mn) 43.917 Dec 2021 quarterly Mar 2009 - Dec 2021
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) -10.235 Mar 2022 quarterly Mar 2009 - Mar 2022
FDI: Flow: NACE 2: Construction (EUR mn) 5.563 Mar 2022 quarterly Mar 2009 - Mar 2022
FDI: Flow: Belgium (EUR mn) -16.834 Mar 2022 quarterly Mar 2008 - Mar 2022
FDI: Flow: United States of America (EUR mn) 3.240 Mar 2022 quarterly Mar 2008 - Mar 2022
FDI: Flow: United Kingdom (EUR mn) -58.210 Mar 2022 quarterly Mar 2008 - Mar 2022
FDI: Flow: Austria (EUR mn) 27.984 Mar 2022 quarterly Mar 2008 - Mar 2022
FDI: Flow: Turkey (EUR mn) 7.993 Mar 2022 quarterly Mar 2008 - Mar 2022
No of Enterprises (Unit) 73,030.000 2019 yearly 2004 - 2019
No of Enterprises: New (Unit) 7,785.000 2019 yearly 2004 - 2019
No of Enterprises: Out of Business (Unit) 4,660.000 2018 yearly 2004 - 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Mar 2022 quarterly Dec 2005 - Mar 2022
Household Debt: % of GDP (%) 27.4 Mar 2022 quarterly Mar 2003 - Mar 2022
Non-Performing Loans (USD mn) 219.493 Mar 2022 quarterly Dec 2005 - Mar 2022
Money Supply M1 (USD mn) 3,645.828 May 2022 monthly Jan 2003 - May 2022
Money Supply M2 (USD mn) 7,214.955 May 2022 monthly Jan 2003 - May 2022
M2 Growth (%) 4.7 May 2022 monthly Jan 2004 - May 2022
Reserve Requirement Ratio (%) 8.0 May 2022 monthly Jan 2004 - May 2022
Foreign Exchange Reserves (USD mn) 3,006.5 May 2022 monthly Dec 1993 - May 2022
Foreign Exchange Reserves: % of GDP (%) 23.946 Mar 2022 quarterly Dec 2000 - Mar 2022
Foreign Exchange Reserves: Months of Import (NA) 2.5 Apr 2022 monthly Jan 2002 - Apr 2022
Gold Reserves (USD mn) 410.787 May 2022 monthly Dec 1992 - May 2022
Total Deposits (USD mn) 7,909.442 May 2022 monthly Jan 2003 - May 2022
Total Deposits Growth (%) 2.4 May 2022 monthly Jan 2004 - May 2022
Domestic Credit (USD mn) 8,150.1 May 2022 monthly Jan 2003 - May 2022
Domestic Credit Growth (%) 21.9 May 2022 monthly Jan 2004 - May 2022
Household Debt (USD mn) 3,608.4 May 2022 monthly Jan 2003 - May 2022
Total Loans (USD mn) 7,040.697 May 2022 monthly Jan 2003 - May 2022
Total Loans Growth (%) 9.88 May 2022 monthly Jan 2004 - May 2022
Private Debt: % of Nominal GDP (%) 52.83 Mar 2022 quarterly Mar 2009 - Mar 2022
Official Reserve Assets: Foreign Currency (EUR mn) 2,801.705 May 2022 monthly Jan 2005 - May 2022
Official Reserve Assets (EUR mn) 3,240.209 Apr 2022 monthly Jan 2005 - Apr 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -4.8 May 2022 monthly Apr 2002 - May 2022
Business Survey: Manufacturing (Mfg): Present Business Situation (%) 24.100 May 2022 monthly Apr 2001 - May 2022

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