North Macedonia Real GDP Growth
The Gross Domestic Product (GDP) in North Macedonia contracted 12.7 % YoY in Jun 2020, following a growth of 0.2 % in the previous quarter. Real GDP Growth YoY data in North Macedonia is updated quarterly, available from Mar 2001 to Jun 2020, with an average rate of 3.0 %. The data reached an all-time high of 10.7 % in Jun 2005 and a record low of -12.7 % in Sep 2001. CEIC calculates Real GDP Growth from quarterly Real GDP Volume Index. The State Statistical Office of the Republic of North Macedonia provides Real GDP Volume Index at chain linked 2005 prices.
In the latest reports, Nominal GDP of North Macedonia reached 2.7 USD bn in Jun 2020. Its GDP deflator (implicit price deflator) increased 1.2 % in Jun 2020. GDP Per Capita in North Macedonia reached 6,043.6 USD in Dec 2019. Its Gross Savings Rate was measured at 10.9 % in Jun 2020.
View North Macedonia's Real GDP Growth from Mar 2001 to Jun 2020 in the chart:
What was North Macedonia's Real GDP Growth in Jun 2020?
|-12.7 Jun 2020||0.2 Mar 2020||-12.7 Sep 2001||10.7 Jun 2005||%||quarterly||Mar 2001 - Jun 2020|
Real GDP Growth by Country Comparison
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|Albania (%)||-11.0 Jun 2020||quarterly||Mar 2010 - Jun 2020|
|Algeria (%)||-3.9 Mar 2020||quarterly||Mar 2012 - Mar 2020|
|Argentina (%)||-19.8 Jun 2020||quarterly||Mar 2005 - Jun 2020|
|Armenia (%)||-9.1 Sep 2020||quarterly||Mar 2001 - Sep 2020|
|Australia (%)||-6.3 Jun 2020||quarterly||Sep 1960 - Jun 2020|
|Austria (%)||-14.5 Jun 2020||quarterly||Mar 1989 - Jun 2020|
|Azerbaijan (%)||0.2 Mar 2020||quarterly||Mar 2001 - Mar 2020|
|Bahrain (%)||-8.9 Jun 2020||quarterly||Mar 2009 - Jun 2020|
|Bangladesh (%)||5.2 2020||yearly||2007 - 2020|
|Belarus (%)||-3.3 Jun 2020||quarterly||Mar 2006 - Jun 2020|
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North Macedonia Key Series
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|Government and Public Finance||Last||Frequency||Range|
|Consolidated Fiscal Balance: % of GDP (%)||-2.2 2019||yearly||1993 - 2019|
|Consolidated Fiscal Balance (USD mn)||-270.398 2019||yearly||2009 - 2019|
|Tax Revenue (USD mn)||168.654 Nov 2020||monthly||Jan 2004 - Nov 2020|
|Tax Revenue: % of GDP (%)||14.1 Jun 2020||quarterly||Mar 2004 - Jun 2020|
|National Government Debt (USD mn)||6,533.4 Sep 2020||quarterly||Dec 2009 - Sep 2020|
|Government Debt: % of GDP (%)||50.4 Jun 2020||quarterly||Dec 2009 - Jun 2020|
|Forecast: Government Expenditure (MKD bn)||296.133 2025||yearly||1997 - 2025|
|Forecast: Government Net Debt (MKD bn)||469.530 2025||yearly||1999 - 2025|
|Forecast: Government Revenue (MKD bn)||267.471 2025||yearly||1997 - 2025|
|Central Government Budget Balance (MKD mn)||-5,230.000 Nov 2020||monthly||Jan 2004 - Nov 2020|
|Central Government Budget: Revenue: TC: Tax: Excises (MKD mn)||2,084.000 Nov 2020||monthly||Jan 2004 - Nov 2020|
|Central Government Budget: Revenue (MKD mn)||15,554.000 Nov 2020||monthly||Jan 2004 - Nov 2020|
|Central Government Budget: Expenditure (MKD mn)||20,784.000 Nov 2020||monthly||Jan 2004 - Nov 2020|
|Central Government Budget: Expenditure: Current (MKD mn)||19,250.000 Nov 2020||monthly||Jan 2004 - Nov 2020|
|Central Government Budget: Expenditure: Capital (MKD mn)||1,534.000 Nov 2020||monthly||Jan 2004 - Nov 2020|
|Central Government Budget: Revenue: TC: Tax: VAT (MKD mn)||3,770.000 Nov 2020||monthly||Jan 2004 - Nov 2020|
|Central Government Budget: Financing (MKD mn)||5,230.000 Nov 2020||monthly||Jan 2004 - Nov 2020|
|Public Debt: External (EUR mn)||3,709.349 2019||yearly||1999 - 2019|
|Public Debt: Domestic (EUR mn)||1,831.564 2019||yearly||1999 - 2019|
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