North Macedonia - Inflation Rate 2020
1.20%
+0.43pp from 2019
North Macedonia's inflation rate was 1.20% in 2020, increased +0.43pp from 0.77% in 2019. This was the 77th highest globally.
Global Ranking - 2020▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Fiji | -2.60% | -246.4% |
| 2nd | Qatar | -2.54% | -182.3% |
| 3rd | Bahrain | -2.32% | -330.2% |
| 4th | United Arab Emirates | -2.08% | -7.5% |
| 5th | St. Lucia | -1.76% | -425.8% |
| 6th | Samoa | -1.57% | -171.7% |
| 7th | Panama | -1.55% | -336.7% |
| 8th | Maldives | -1.37% | -203.3% |
| 9th | Aruba | -1.31% | -133.3% |
| 10th | Greece | -1.25% | -341.4% |
| 11th | St. Kitts and Nevis | -1.17% | -252.6% |
| 12th | Malaysia | -1.14% | -271.7% |
| 13th | Bosnia and Herzegovina | -1.05% | -288.1% |
| 14th | Thailand | -0.85% | -219.8% |
| 15th | Grenada | -0.74% | -223.9% |
| 16th | West Bank and Gaza | -0.74% | -147.2% |
| 17th | Switzerland | -0.73% | -300.0% |
| 18th | Liechtenstein | -0.72% | -299.4% |
| 19th | Marshall Islands | -0.66% | -498.2% |
| 20th | Cyprus | -0.64% | -216.7% |
| 21st | St. Vincent and the Grenadines | -0.63% | -169.3% |
| 22nd | Israel | -0.58% | -168.3% |
| 23rd | Puerto Rico (US) | -0.50% | -691.7% |
| 24th | Estonia | -0.44% | -119.6% |
| 25th | Oman | -0.41% | -186.1% |
| 26th | El Salvador | -0.37% | -602.1% |
| 27th | Tonga | -0.35% | -108.4% |
| 28th | Ecuador | -0.34% | -227.4% |
| 29th | Ireland | -0.33% | -136.9% |
| 30th | Spain | -0.32% | -141.4% |
| 31st | Montenegro | -0.26% | -170.4% |
| 32nd | Singapore | -0.17% | -130.3% |
| 33rd | Italy | -0.14% | -121.7% |
| 34th | San Marino | -0.13% | -128.2% |
| 35th | Slovenia | -0.05% | -103.4% |
| 36th | Japan | -0.02% | -105.3% |
| 37th | Portugal | -0.01% | -104.1% |
| 38th | Bahamas, The | 0.04% | -98.5% |
| 39th | Andorra | 0.09% | -82.6% |
| 40th | Belize | 0.12% | -34.7% |
| 41st | Germany | 0.14% | -89.3% |
| 42nd | Croatia | 0.15% | -80.4% |
| 43rd | Kosovo | 0.20% | -92.6% |
| 44th | Palau | 0.22% | -50.2% |
| 45th | Latvia | 0.22% | -92.0% |
| 46th | Hong Kong SAR, China | 0.25% | -91.3% |
| 47th | Finland | 0.29% | -74.4% |
| 48th | Jordan | 0.33% | -56.0% |
| 49th | Denmark | 0.42% | -42.3% |
| 50th | Mali | 0.44% | 114.5% |
| 51st | France | 0.48% | -63.3% |
| 52nd | European Union | 0.48% | -70.8% |
| 53rd | Timor-Leste | 0.50% | -44.5% |
| 54th | Sweden | 0.50% | -71.1% |
| 55th | Korea | 0.54% | 40.3% |
| 56th | Micronesia, Federated States of | 0.55% | -74.9% |
| 57th | Iraq | 0.57% | 388.5% |
| 58th | Trinidad and Tobago | 0.60% | -40.2% |
| 59th | Cabo Verde | 0.61% | -45.2% |
| 60th | Antigua and Barbuda | 0.63% | -56.3% |
| 61st | Malta | 0.64% | -58.1% |
| 62nd | Barbados | 0.65% | -62.4% |
| 63rd | Morocco | 0.71% | 258.4% |
| 64th | Canada | 0.72% | -63.2% |
| 65th | Costa Rica | 0.72% | -65.4% |
| 66th | Belgium | 0.74% | -40.7% |
| 67th | Comoros | 0.79% | -78.7% |
| 68th | Macao SAR, China | 0.81% | -70.5% |
| 69th | Luxembourg | 0.82% | -50.3% |
| 70th | Australia | 0.85% | -45.9% |
| 71st | Nauru | 0.93% | -77.3% |
| 72nd | Bolivia, Plurinational State of | 0.94% | -48.8% |
| 73rd | United Kingdom | 0.99% | -44.8% |
| 74th | Guyana | 0.99% | -52.5% |
| 75th | Guinea-Bissau | 1.14% | 298.6% |
| 76th | Lithuania | 1.20% | -46.5% |
| 77th | North Macedonia | 1.20% | 56.7% |
| 78th | Seychelles | 1.20% | -33.8% |
| 79th | Armenia | 1.21% | -16.8% |
| 80th | Dominica | 1.22% | -18.9% |
| 81st | United States | 1.23% | -32.0% |
| 82nd | Netherlands | 1.27% | -52.4% |
| 83rd | Norway | 1.29% | -40.7% |
| 84th | Gabon | 1.35% | -33.1% |
| 85th | Austria | 1.38% | -7.4% |
| 86th | Libya | 1.45% | 166.9% |
| 87th | Tuvalu | 1.57% | -55.0% |
| 88th | Serbia | 1.58% | -14.8% |
| 89th | Albania | 1.62% | 14.9% |
| 90th | Bulgaria | 1.67% | -31.9% |
| 91st | Togo | 1.70% | 147.3% |
| 92nd | Central African Republic | 1.71% | -37.9% |
| 93rd | New Zealand | 1.71% | 5.8% |
| 94th | Paraguay | 1.77% | -35.9% |
| 95th | Djibouti | 1.78% | -46.4% |
| 96th | Congo, Republic of | 1.80% | 348.8% |
| 97th | Burkina Faso | 1.88% | 158.3% |
| 98th | Botswana | 1.89% | -31.1% |
| 99th | Indonesia | 1.92% | -32.0% |
| 100th | Slovak Republic | 1.94% | -30.1% |
| 101st | Brunei Darussalam | 1.94% | 596.2% |
| 102nd | Peru | 2.00% | -6.3% |
| 103rd | Kuwait | 2.10% | 92.5% |
| 104th | Namibia | 2.21% | -40.6% |
| 105th | Myanmar | 2.25% | -75.2% |
| 106th | Mauritania | 2.39% | 3.5% |
| 107th | Philippines | 2.39% | 0.0% |
| 108th | Côte d'Ivoire | 2.41% | 213.3% |
| 109th | Algeria | 2.42% | 23.7% |
| 110th | China | 2.42% | -16.3% |
| 111th | Cameroon | 2.44% | -0.7% |
| 112th | Colombia | 2.53% | -28.2% |
| 113th | Senegal | 2.54% | 149.3% |
| 114th | Kiribati | 2.55% | 240.8% |
| 115th | Mauritius | 2.58% | 468.5% |
| 116th | Romania | 2.63% | -31.2% |
| 117th | Ukraine | 2.73% | -65.4% |
| 118th | Azerbaijan | 2.76% | 6.4% |
| 119th | Iceland | 2.85% | -5.3% |
| 120th | Niger | 2.90% | 214.9% |
| 121st | Cambodia | 2.94% | 50.2% |
| 122nd | Solomon Islands | 2.96% | 33.5% |
| 123rd | Benin | 3.02% | 430.0% |
| 124th | Chile | 3.05% | 35.1% |
| 125th | Czechia | 3.16% | 11.0% |
| 126th | Brazil | 3.21% | -14.0% |
| 127th | Guatemala | 3.21% | -13.1% |
| 128th | Viet Nam | 3.22% | 15.2% |
| 129th | South Africa | 3.23% | -21.4% |
| 130th | Tanzania | 3.29% | -4.6% |
| 131st | Uganda | 3.31% | 55.0% |
| 132nd | Hungary | 3.33% | -1.4% |
| 133rd | Saudi Arabia | 3.37% | 261.1% |
| 134th | Poland | 3.37% | 48.9% |
| 135th | Russian Federation | 3.38% | -24.3% |
| 136th | Mexico | 3.40% | -6.6% |
| 137th | Honduras | 3.47% | -20.6% |
| 138th | Mozambique | 3.48% | -38.7% |
| 139th | Nicaragua | 3.68% | -31.5% |
| 140th | Mongolia | 3.72% | -49.2% |
| 141st | Moldova | 3.77% | -22.3% |
| 142nd | Dominican Republic | 3.78% | 108.8% |
| 143rd | Eswatini | 3.87% | 49.0% |
| 144th | Somalia, Fed. Rep. | 4.11% | -12.7% |
| 145th | Madagascar | 4.20% | -25.3% |
| 146th | Chad | 4.46% | 559.7% |
| 147th | Equatorial Guinea | 4.77% | 283.2% |
| 148th | Papua New Guinea | 4.87% | 25.2% |
| 149th | Lesotho | 4.98% | 1.0% |
| 150th | Egypt, Arab Republic of | 5.04% | -63.6% |
| 151st | Nepal | 5.06% | 9.4% |
| 152nd | Lao PDR | 5.10% | 53.6% |
| 153rd | Georgia | 5.20% | 7.2% |
| 154th | Jamaica | 5.23% | 33.7% |
| 155th | Vanuatu | 5.33% | 96.4% |
| 156th | Kenya | 5.41% | 3.2% |
| 157th | Belarus | 5.55% | -0.9% |
| 158th | Afghanistan | 5.60% | 143.3% |
| 159th | Bhutan | 5.63% | 100.0% |
| 160th | Tunisia | 5.63% | -16.2% |
| 161st | Bangladesh | 5.69% | 3.9% |
| 162nd | Gambia, The | 5.93% | -16.6% |
| 163rd | Turkmenistan | 6.10% | 19.8% |
| 164th | Sri Lanka | 6.15% | 43.0% |
| 165th | Kyrgyz Republic | 6.33% | 456.8% |
| 166th | India | 6.62% | 38.9% |
| 167th | Kazakhstan | 6.72% | 27.2% |
| 168th | Burundi | 7.32% | 995.0% |
| 169th | Tajikistan | 8.58% | 10.1% |
| 170th | Malawi | 8.63% | -8.0% |
| 171st | Pakistan | 9.74% | 43.2% |
| 172nd | Uruguay | 9.76% | 23.8% |
| 173rd | São Tomé and Principe | 9.82% | 27.3% |
| 174th | Rwanda | 9.85% | 307.5% |
| 175th | Ghana | 9.89% | 37.2% |
| 176th | Guinea | 10.60% | 11.9% |
| 177th | Congo, Democratic Republic of | 11.36% | 141.4% |
| 178th | Türkiye | 12.28% | -19.1% |
| 179th | Uzbekistan | 12.87% | -11.4% |
| 180th | Nigeria | 13.25% | 16.2% |
| 181st | Sierra Leone | 13.45% | -9.2% |
| 182nd | Zambia | 15.73% | 71.9% |
| 183rd | Liberia | 16.96% | -37.1% |
| 184th | Yemen, Republic of | 21.67% | 38.1% |
| 185th | Angola | 22.27% | 30.4% |
| 186th | Haiti | 22.80% | 31.7% |
| 187th | South Sudan | 29.68% | -39.8% |
| 188th | Iran, Islamic Republic of | 30.59% | -12.1% |
| 189th | Suriname | 34.89% | 694.4% |
| 190th | Argentina | 42.02% | -21.5% |
| 191st | Lebanon | 84.86% | 2,835.5% |
| 192nd | Sudan | 163.26% | 220.2% |
| 193rd | Zimbabwe | 557.20% | 118.3% |
FAQ
What was North Macedonia's inflation rate in 2020?▾
North Macedonia's inflation rate in 2020 was 1.20%. This ranked 77th globally.
How did North Macedonia's inflation rate change in 2020?▾
North Macedonia's inflation rate increased by 56.7% in 2020 compared to 2019.
Which country had the highest inflation rate in 2020?▾
Zimbabwe had the highest inflation rate in 2020 at 557.20%.
What is the inflation rate of North Macedonia in 2020?▾
The inflation rate of North Macedonia in 2020 was 1.20%. This ranked 77th globally.
How does 2020 compare to 2019 for North Macedonia's inflation rate?▾
North Macedonia's inflation rate went from 0.77% in 2019 to 1.20% in 2020, a 56.7% increase.
Related
2019
2021
All years
Full ranking 2020
Consumer Price Index
PPP Conversion Factor
Peak: 1993
Lowest: 1999
Inflation Rate 1990s
Inflation Rate 2000s
Inflation Rate 2010s
Inflation Rate 2020s
Highest ever
Lowest ever
Average
vs Brazil
vs Georgia
vs Turkmenistan
vs Dominica
NATO Inflation Rate
Global Ranking