North Macedonia FDI Outflows
Foreign direct investment, net outflows as % of GDP BM.KLT.DINV.WD.GD.ZS
North Macedonia's fdi outflows was 0.66% in 2025, ranked 73rd globally. This represents a 271.7% increase from 2024. Data from World Bank, covering 1997–2025.
Overview
North Macedonia's fdi outflows stood at 0.66% in 2025, a rise of +1.04% from 2024. Based on recent trends, this figure is projected to reach 0.66% by 2025. North Macedonia ranked 73rd globally.
North Macedonia’s foreign‑direct investment (FDI) outflows have remained modest, registering US$0.66 billion in 2025, which positions the country at 73rd in the world and aligns it closely with peers such as Bermuda (US$0.66 billion) and Morocco (US$0.67 billion). The 29‑year series begins in 1997 with a zero outflow, rises to an all‑time high of US$1.87 billion in 2016, and then falls sharply to a trough of –US$1.76 billion in 2014, indicating a brief period of net capital repatriation. The post‑trough rebound to positive outflows suggests that recent policy measures aimed at improving the investment climate may be bearing fruit, yet the current level remains well below the 2016 peak. Continued liberalisation of the business environment, alongside stronger regional trade links, could sustain the upward trajectory and gradually lift North Macedonia’s outflow volumes toward the higher end of its historical range.
Data & projection
| Year | FDI Outflows | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 0.84% | - | - |
| 2026* trend | 0.75% | - | - |
| 2025* trend | 0.66% | - | - |
| 2025 | 0.66% | +1.04% | #73 |
| 2024 | -0.38% | −1.10% | #12 |
| 2023 | 0.72% | −0.51% | #107 |
| 2022 | 1.22% | −0.51% | #121 |
| 2021 | 1.74% | +3.07% | #130 |
| 2020 | -1.34% | −2.49% | #16 |
| 2019 | 1.15% | +1.66% | #123 |
| 2018 | -0.51% | −2.12% | #19 |
| 2017 | 1.61% | −0.26% | #131 |
| 2016 | 1.87% | +1.22% | #135 |
| 2015 | 0.66% | +2.42% | #97 |
| 2014 | -1.76% | −2.67% | #8 |
| 2013 | 0.90% | −0.87% | #99 |
| 2012 | 1.77% | +1.45% | #127 |
| 2011 | 0.32% | −0.68% | #79 |
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 outflows improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's fdi outflows was 0.66% in 2025. Ranked 73rd globally. This represents a 271.7% increase from the previous year.
North Macedonia's fdi outflows peaked at 1.87% in 2016.
The lowest fdi outflows in North Macedonia was -1.76% in 2014.
North Macedonia ranks 73rd globally in fdi outflows as of 2025.
The World Bank indicator code is BM.KLT.DINV.WD.GD.ZS. Data sourced from World Bank.
North Macedonia's fdi outflows is projected to reach 0.66% by 2025 based on trend extrapolation.
The fdi outflows of North Macedonia in 2025 was 0.66%. This ranks 73rd in the world.
Cite this page
@misc{historysaid_north-macedonia_fdi-outflows,
title = {North Macedonia FDI Outflows},
url = {https://historysaid.com/north-macedonia/fdi-outflows/},
publisher = {HistorySaid},
year = {2026}
}