North Macedonia GDP (2026): History, Growth Rate & Projections

Nominal Gross Domestic Product (GDP) of North Macedonia is $21.61 billion as of 2026, according to the International Monetary Fund (IMF). The GDP growth rate in 2026 is 3.1%. GDP per capita is $11,967.

North Macedonia GDP Trend

Nominal GDP of North Macedonia has grown from $2.44 billion in 1992 to $21.61 billion in 2026.

North Macedonia GDP Growth Rate (%)

This chart shows the year-over-year real GDP growth rate of North Macedonia. Hover any bar to see the exact value for that year.

Average Growth

2.12%

Best Year

2007 (+6.5%)

Worst Year

1993 (-7.5%)

Years of Contraction

7 of 34

GDP per capita in North Macedonia rose from $10,546 in 2025 to $11,967 in 2026, an increase of 13.5%.

"North Macedonia GDP", "North Macedonia gross domestic product", and "North Macedonia economy size" all refer to the same nominal GDP figure.

Gross Domestic Product (GDP) of North Macedonia

The table below shows nominal and PPP GDP, growth rate, and GDP per capita for North Macedonia for every year IMF has published data, from 1992 to 2026. Click any column header to sort, or search by year.

North Macedonia nominal GDP by year
Year	GDP Nominal (Current USD)	GDP Growth	GDP per capita	Pop. Change
2026	$21,605,000,000	3.1%	$11,967	-0.55%
2025	$19,142,000,000	3.5%	$10,546	-0.49%
2024	$16,954,000,000	3%	$9,293	-0.22%
2023	$15,864,000,000	2.6%	$8,679	-0.22%
2022	$13,957,000,000	2.8%	$7,619	-0.27%
2021	$14,008,000,000	4.5%	$7,625	-1.02%
2020	$12,385,000,000	-4.7%	$6,673	-1.07%
2019	$12,609,000,000	3.9%	$6,720	-0.69%
2018	$12,694,000,000	2.9%	$6,720	-0.53%
2017	$11,336,000,000	1.1%	$5,971	-0.37%
2016	$10,686,000,000	2.8%	$5,605	-0.31%
2015	$10,067,000,000	3.9%	$5,264	-0.31%
2014	$11,378,000,000	3.6%	$5,933	-0.26%
2013	$10,824,000,000	2.9%	$5,630	-0.36%
2012	$9,751,000,000	-0.5%	$5,053	-0.36%
2011	$10,499,000,000	2.3%	$5,419	-0.46%
2010	$9,415,000,000	3.4%	$4,837	-0.66%
2009	$9,400,000,000	-0.4%	$4,799	-0.61%
2008	$9,912,000,000	5.5%	$5,027	-0.61%
2007	$8,337,000,000	6.5%	$4,204	-0.55%
2006	$6,860,000,000	5.1%	$3,440	-0.55%
2005	$6,257,000,000	4.7%	$3,120	-0.89%
2004	$5,684,000,000	4.7%	$2,810	-0.15%
2003	$4,946,000,000	2.2%	$2,441	0.2%
2002	$3,991,000,000	1.5%	$1,974	0.3%
2001	$3,709,000,000	-3.1%	$1,840	0.3%
2000	$3,774,000,000	4.5%	$1,878	0.4%
1999	$3,867,000,000	4.3%	$1,932	0.45%
1998	$3,764,000,000	3.4%	$1,889	0.5%
1997	$3,928,000,000	1.4%	$1,980	0.3%
1996	$4,642,000,000	1.2%	$2,348	0.71%
1995	$4,687,000,000	-1.1%	$2,387	0.56%
1994	$3,561,000,000	-1.8%	$1,824	0.51%
1993	$2,687,000,000	-7.5%	$1,384	0.47%
1992	$2,443,000,000	—	$1,264	—

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North Macedonia GDP Projections (IMF)

IMF projects nominal GDP for North Macedonia through 2031, based on current growth and inflation assumptions.

North Macedonia nominal GDP by year
Year	GDP Nominal (Current USD)	GDP Growth	GDP per capita	Pop. Change
2031	$28,671,000,000	3%	$16,354	-0.62%
2030	$27,307,000,000	3%	$15,479	-0.62%
2029	$25,955,000,000	3%	$14,621	-0.62%
2028	$24,585,000,000	3%	$13,768	-0.56%
2027	$23,120,000,000	3%	$12,875	-0.5%

Compare North Macedonia to Nearby-Ranked Economies

North Macedonia ranks #136 in the world by nominal GDP. See how it compares to the economies ranked just above and below it.

#135Moldova GDP #137Madagascar GDP

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Frequently Asked Questions

What is the GDP of North Macedonia?

The nominal GDP of North Macedonia in 2026 is $21.61 billion, according to the IMF World Economic Outlook (April 2026). This ranks North Macedonia 136th in the world by nominal GDP.

What is the GDP growth rate of North Macedonia?

The GDP growth rate of North Macedonia in 2026 is 3.1%, per IMF estimates.

What is the GDP per capita of North Macedonia?

GDP per capita in North Macedonia in 2026 is $11,967, per IMF data.

Is the GDP of North Macedonia expected to grow?

IMF projects the nominal GDP of North Macedonia to reach $28.67 billion by 2031, up from $21.61 billion in 2026.

Sources: IMF, World Economic Outlook (April 2026).

Disclaimer: GDP figures are IMF World Economic Outlook (April 2026) estimates and projections, subject to revision in future WEO releases. This page is for informational purposes only and is not investment or economic advice.