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North Macedonia Government Revenue

General government revenue as % of GDP  GGR_NGDP

North Macedonia's government revenue was 33.90% in 2025, ranked 60th globally. This represents a 5.0% increase from 2024. Data from IMF WEO, covering 1997–2025.

33.90% +1.62% (+5.0%)
Year 2025 Rank #60 Global Peak 35.93% (2003) Source IMF WEO

North Macedonia Government Revenue (1997–2025)

Overview

North Macedonia's government revenue stood at 33.90% in 2025, a rise of +1.62% from 2024. The IMF projects 33.90% by 2025. North Macedonia ranked 60th globally.

North Macedonia’s government revenue as a share of GDP has risen modestly over the 29‑year span from 31.91 percent in 1997 to 33.90 percent in 2025, placing the country 60th globally. The upward trajectory peaked in 2003 at 35.93 percent before a pronounced decline to a trough of 27.52 percent in 2014, reflecting the fiscal strain of the global financial crisis and domestic adjustments. Since the trough, revenue has recovered steadily, though it remains below the 2003 high and only slightly above the 1997 level. Compared with peer economies of similar ranking, North Macedonia’s 2025 figure is marginally lower than Namibia’s 34.09 percent and Seychelles’ 34.21 percent, but higher than Vanuatu’s 33.00 percent, indicating a middle‑of‑the‑road performance among small‑state peers. Continued structural reforms and diversified tax bases could sustain the gradual rise, while external shocks or fiscal consolidation would be needed to reverse the modest upward trend.

Data & projection

Year Government Revenue YoY change Rank
2030* IMF 34.60% - -
2029* IMF 34.40% - -
2028* IMF 34.20% - -
2027* IMF 34.00% - -
2026* IMF 33.80% - -
2025* IMF 33.90% - -
2025 33.90% +1.62% #60
2024 32.28% +1.41% #68
2023 30.87% +1.07% #76
2022 29.81% −0.15% #77
2021 29.96% +1.60% #74
2020 28.35% −1.08% #76
2019 29.44% +0.93% #77
2018 28.51% −0.52% #85
2017 29.03% +0.63% #71
2016 28.41% −0.34% #77
2015 28.75% +1.23% #76
2014 27.52% −0.32% #92
2013 27.84% −1.61% #91
2012 29.45% +0.07% #89
2011 29.38% −0.72% #83
Show all years (1997-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +21.7% GDP growth 2.6% C/A balance 0.3%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

North Macedonia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw government revenue improve within 24 months. View full analysis →

Frequently Asked Questions

What is North Macedonia's government revenue?▾

North Macedonia's government revenue was 33.90% in 2025. Ranked 60th globally. This represents a 5.0% increase from the previous year.

What was the highest government revenue in North Macedonia?▾

North Macedonia's government revenue peaked at 35.93% in 2003.

What was the lowest government revenue in North Macedonia?▾

The lowest government revenue in North Macedonia was 27.52% in 2014.

How does North Macedonia rank in government revenue?▾

North Macedonia ranks 60th globally in government revenue as of 2025.

What is the World Bank indicator code for government revenue?▾

The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.

What is the projected government revenue of North Macedonia in 2025?▾

North Macedonia's government revenue is projected to reach 33.90% by 2025 based on IMF projection.

What is the government revenue of North Macedonia in 2025?▾

The government revenue of North Macedonia in 2025 was 33.90%. This ranks 60th in the world.

Cite this page

APA
North Macedonia Government Revenue. HistorySaid. Retrieved October 22, 2026, from https://historysaid.com/north-macedonia/government-revenue/
BibTeX
@misc{historysaid_north-macedonia_government-revenue, title = {North Macedonia Government Revenue}, url = {https://historysaid.com/north-macedonia/government-revenue/}, publisher = {HistorySaid}, year = {2026} }
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