North Macedonia FDI Inflows
Foreign direct investment, net inflows as % of GDP BX.KLT.DINV.WD.GD.ZS
North Macedonia's fdi inflows was 7.71% in 2025, ranked 33rd globally. This represents a 23.7% increase from 2024. Data from World Bank, covering 1994–2025.
Overview
North Macedonia's fdi inflows stood at 7.71% in 2025, a rise of +1.48% from 2024. Based on recent trends, this figure is projected to reach 7.71% by 2025. North Macedonia ranked 33rd globally.
North Macedonia’s foreign direct investment inflows have shown pronounced volatility over the 32‑year series, rising from a modest 0.67 in 1994 to an all‑time peak of 12.66 in 2001 before collapsing to a trough of 0.06 in 2020, the lowest point in the record. By 2025 the country attracted 7.71 in FDI, ranking 33rd globally and placing it just below the United Arab Emirates (7.72) and slightly above Malawi (7.56) in the latest comparative snapshot. The early 2000s surge coincided with liberalised investment policies and regional integration efforts, while the sharp decline in 2020 reflected the pandemic‑induced contraction in cross‑border capital flows. Recent recovery to the mid‑single‑digit range suggests a re‑emergence of investor confidence, yet sustaining upward momentum will likely depend on continued reforms, infrastructure upgrades and stable macro‑economic conditions that can mitigate external shocks.
Data & projection
| Year | FDI Inflows | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 10.00% | - | - |
| 2026* trend | 8.86% | - | - |
| 2025* trend | 7.71% | - | - |
| 2025 | 7.71% | +1.48% | #33 |
| 2024 | 6.23% | +2.19% | #33 |
| 2023 | 4.05% | −2.08% | #56 |
| 2022 | 6.13% | +1.16% | #37 |
| 2021 | 4.97% | +4.91% | #52 |
| 2020 | 0.06% | −4.30% | #161 |
| 2019 | 4.36% | −0.76% | #53 |
| 2018 | 5.11% | +1.75% | #35 |
| 2017 | 3.37% | −1.78% | #83 |
| 2016 | 5.15% | +2.20% | #54 |
| 2015 | 2.95% | +2.41% | #88 |
| 2014 | 0.54% | −3.18% | #171 |
| 2013 | 3.72% | +0.25% | #82 |
| 2012 | 3.47% | −1.37% | #90 |
| 2011 | 4.84% | +1.64% | #72 |
Detected Pattern
Analysis
North Macedonia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw fdi inflows improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's fdi inflows was 7.71% in 2025. Ranked 33rd globally. This represents a 23.7% increase from the previous year.
North Macedonia's fdi inflows peaked at 12.66% in 2001.
The lowest fdi inflows in North Macedonia was 0.06% in 2020.
North Macedonia ranks 33rd globally in fdi inflows as of 2025.
The World Bank indicator code is BX.KLT.DINV.WD.GD.ZS. Data sourced from World Bank.
North Macedonia's fdi inflows is projected to reach 7.71% by 2025 based on trend extrapolation.
The fdi inflows of North Macedonia in 2025 was 7.71%. This ranks 33rd in the world.
Cite this page
@misc{historysaid_north-macedonia_fdi-inflows,
title = {North Macedonia FDI Inflows},
url = {https://historysaid.com/north-macedonia/fdi-inflows/},
publisher = {HistorySaid},
year = {2026}
}