North Macedonia PPP Conversion Factor
PPP conversion factor, GDP PA.NUS.PPP
North Macedonia's ppp conversion factor was 20.06 in 2025, ranked 70th globally. This represents a 2.5% increase from 2024. Data from World Bank, covering 1990–2025.
Overview
North Macedonia's ppp conversion factor stood at 20.06 in 2025, a rise of +0.49 from 2024. Based on recent trends, this figure is projected to reach 20.06 by 2025. North Macedonia ranked 70th globally.
North Macedonia’s purchasing power parity (PPP) conversion factor has risen dramatically since the early 1990s, moving from an all‑time trough of 0.05 in 1990 to a peak of 20.50 in 2001, and reaching 20.06 in 2025, which places the country at rank 70 globally. This 400‑fold increase over 36 years reflects the transition from a centrally planned economy to a market‑oriented system, accompanied by substantial price level adjustments and integration into international markets. The 2025 figure remains just below the peak, indicating that the upward trajectory has largely plateaued after the early‑2000s surge. Compared with peer economies, North Macedonia’s conversion factor is close to India’s 20.38 and Bhutan’s 19.56, yet lower than the Dominican Republic’s 24.19, suggesting modest but competitive purchasing power within its regional cohort. Continued structural reforms, higher productivity growth, and deeper trade integration could push the factor above the recent peak, while stagnation in these areas would likely keep it near the current level.
Data & projection
| Year | PPP Conversion Factor | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 20.98 | - | - |
| 2026* trend | 20.52 | - | - |
| 2025* trend | 20.06 | - | - |
| 2025 | 20.06 | +0.49 | #70 |
| 2024 | 19.58 | +0.09 | #121 |
| 2023 | 19.48 | +1.08 | #127 |
| 2022 | 18.40 | +0.47 | #127 |
| 2021 | 17.93 | −0.13 | #128 |
| 2020 | 18.06 | −0.19 | #128 |
| 2019 | 18.26 | −0.70 | #129 |
| 2018 | 18.95 | −0.02 | #131 |
| 2017 | 18.97 | +0.01 | #132 |
| 2016 | 18.96 | −0.48 | #134 |
| 2015 | 19.44 | +0.44 | #137 |
| 2014 | 19.00 | −0.11 | #136 |
| 2013 | 19.11 | +0.10 | #138 |
| 2012 | 19.00 | −0.29 | #138 |
| 2011 | 19.29 | +0.55 | #142 |
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 ppp conversion factor improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's ppp conversion factor was 20.06 in 2025. Ranked 70th globally. This represents a 2.5% increase from the previous year.
North Macedonia's ppp conversion factor peaked at 20.50 in 2001.
The lowest ppp conversion factor in North Macedonia was 0.05 in 1990.
North Macedonia ranks 70th globally in ppp conversion factor as of 2025.
The World Bank indicator code is PA.NUS.PPP. Data sourced from World Bank.
North Macedonia's ppp conversion factor is projected to reach 20.06 by 2025 based on trend extrapolation.
The ppp conversion factor of North Macedonia in 2025 was 20.06. This ranks 70th in the world.
Cite this page
@misc{historysaid_north-macedonia_ppp-conversion-factor,
title = {North Macedonia PPP Conversion Factor},
url = {https://historysaid.com/north-macedonia/ppp-conversion-factor/},
publisher = {HistorySaid},
year = {2026}
}