North Macedonia GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
North Macedonia's gdp growth was 3.40% in 2025, ranked 73rd globally. This represents a 13.6% increase from 2024. Data from World Bank, covering 1991–2025.
Overview
North Macedonia's gdp growth stood at 3.40% in 2025, a rise of +0.41pp from 2024. The IMF projects 3.40% by 2025. North Macedonia ranked 73rd globally.
North Macedonia’s annual real GDP growth has averaged 0.09 % per year over the 35‑year span from 1991 to 2025, a modest pace that masks considerable volatility. After a sharp contraction of –7.47 % in 1993, the economy rebounded and reached its all‑time peak of 6.47 % in 2007, driven by strong export growth and inflows of foreign direct investment. The most recent World Bank estimate shows growth of 3.40 % in 2025, placing the country 73rd globally and closely aligned with peers such as Albania (3.36 %) and Türkiye (3.49 %). The post‑2008 slowdown and the pandemic‑induced dip were followed by a gradual recovery, yet the current rate remains below the 2007 high and slightly under the regional average. Continued fiscal consolidation, diversification of the export basket and progress on EU accession benchmarks could lift growth toward the upper‑mid‑single digits, while external shocks would likely keep the trajectory moderate.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 3.00% | - | - |
| 2029* IMF | 3.10% | - | - |
| 2028* IMF | 3.10% | - | - |
| 2027* IMF | 3.20% | - | - |
| 2026* IMF | 3.20% | - | - |
| 2025* IMF | 3.40% | - | - |
| 2025 | 3.40% | +0.41pp | #73 |
| 2024 | 2.99% | +0.92pp | #110 |
| 2023 | 2.55% | −0.20pp | #117 |
| 2022 | 2.76% | −1.75pp | #145 |
| 2021 | 4.51% | +9.20pp | #127 |
| 2020 | -4.69% | −8.60pp | #117 |
| 2019 | 3.91% | +1.03pp | #77 |
| 2018 | 2.88% | +1.80pp | #115 |
| 2017 | 1.08% | −1.77pp | #173 |
| 2016 | 2.85% | −1.01pp | #118 |
| 2015 | 3.86% | +0.23pp | #74 |
| 2014 | 3.63% | +0.70pp | #95 |
| 2013 | 2.93% | +3.38pp | #113 |
| 2012 | -0.46% | −2.80pp | #171 |
| 2011 | 2.34% | −1.02pp | #140 |
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 gdp growth improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's gdp growth was 3.40% in 2025. Ranked 73rd globally. This represents a 13.6% increase from the previous year.
North Macedonia's gdp growth peaked at 6.47% in 2007.
The lowest gdp growth in North Macedonia was -7.47% in 1993.
North Macedonia ranks 73rd globally in gdp growth as of 2025.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
North Macedonia's gdp growth is projected to reach 3.40% by 2025 based on IMF projection.
The gdp growth of North Macedonia in 2025 was 3.40%. This ranks 73rd in the world.
Cite this page
@misc{historysaid_north-macedonia_gdp-growth,
title = {North Macedonia GDP Growth},
url = {https://historysaid.com/north-macedonia/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}