North Macedonia Real GDP Growth

2001 - 2020 | Quarterly | % | CEIC Data

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:

North Macedonia Real GDP Growth

What was North Macedonia's Real GDP Growth in Jun 2020?

Last Previous Min Max Unit Frequency Range
-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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country/region Last Frequency Range
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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Includes 333 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 (%) -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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