North Macedonia Forecast: Real GDP Growth

1993 - 2027 | Yearly | % | International Monetary Fund

Key information about North Macedonia Forecast: Real GDP Growth

  • North Macedonia Real GDP Growth is forecasted to be 2.690 % in Dec 2022 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 3.964 % in Dec 2021.
  • Looking ahead, North Macedonia Real GDP Growth is projected to stand at 3.805 % in Dec 2027.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.

View North Macedonia's Forecast: Real GDP Growth from 1993 to 2027 in the chart:

North Macedonia Forecast: Real GDP Growth

What is North Macedonia's Forecast: Real GDP Growth in 2027?

North Macedonia Real GDP Growth is forecasted to be 2.690 % in Dec 2022 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.805 2027 3.772 2026 -7.500 1993 6.473 2007 % yearly 1993 - 2027

Forecast: Real GDP Growth by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 2.711 2023 yearly 2003 - 2023
Albania (%) 3.400 2028 yearly 1980 - 2028
Algeria (%) 1.782 2028 yearly 1980 - 2028
Andorra (%) 1.500 2028 yearly 2001 - 2028
Angola (%) 4.230 2028 yearly 1980 - 2028
Antigua and Barbuda (%) 2.685 2027 yearly 1980 - 2027
Argentina (%) 2.000 2027 yearly 1980 - 2027
Armenia (%) 4.500 2028 yearly 1993 - 2028
Aruba (%) 1.400 2029 yearly 1987 - 2029
Australia (%) 2.279 2027 yearly 1980 - 2027
Austria (%) 1.527 2028 yearly 1980 - 2028
Azerbaijan (%) 2.572 2028 yearly 1993 - 2028
Bahamas (%) 1.496 2027 yearly 1980 - 2027
Bahrain (%) 2.733 2028 yearly 1980 - 2028
Bangladesh (%) 9.531 2021 yearly 1980 - 2021
Barbados (%) 1.840 2027 yearly 1980 - 2027
Belarus (%) 0.741 2028 yearly 1993 - 2028
Belgium (%) 1.289 2028 yearly 1980 - 2028
Belize (%) 2.012 2027 yearly 1980 - 2027
Benin (%) 5.934 2028 yearly 1980 - 2028
Bhutan (%) 7.157 2029 yearly 1980 - 2029
Bolivia (%) 3.400 2027 yearly 1980 - 2027
Bosnia and Herzegovina (%) 3.000 2028 yearly 1997 - 2028
Botswana (%) 3.957 2028 yearly 1980 - 2028
Brazil (%) 2.015 2028 yearly 1980 - 2028
Brunei (%) 2.112 2027 yearly 1986 - 2027
Bulgaria (%) 2.840 2028 yearly 1980 - 2028
Burkina Faso (%) 5.258 2027 yearly 1980 - 2027
Burundi (%) 4.565 2027 yearly 1980 - 2027
Cambodia (%) 6.500 2027 yearly 1988 - 2027
Cameroon (%) 4.898 2027 yearly 1980 - 2027
Canada (%) 1.643 2029 yearly 1980 - 2029
Cape Verde (%) 4.498 2027 yearly 1980 - 2027
Central African Republic (%) 3.347 2028 yearly 1980 - 2028
Chad (%) 3.508 2027 yearly 1980 - 2027
Chile (%) 2.459 2027 yearly 1980 - 2027
China (%) 3.437 2028 yearly 1980 - 2028
Colombia (%) 3.345 2028 yearly 1980 - 2028
Comoros (%) 4.342 2027 yearly 1980 - 2027
Congo (%) 3.980 2028 yearly 1980 - 2028
Costa Rica (%) 3.243 2027 yearly 1980 - 2027
Croatia (%) 2.800 2028 yearly 1993 - 2028
Cyprus (%) 2.983 2029 yearly 1980 - 2029
Czech Republic (%) 2.501 2027 yearly 1996 - 2027
Democratic Republic of Congo (%) 6.482 2028 yearly 1980 - 2028
Denmark (%) 1.800 2027 yearly 1980 - 2027
Djibouti (%) 5.000 2028 yearly 1992 - 2028
Dominica (%) 2.685 2028 yearly 1980 - 2028
Dominican Republic (%) 4.985 2028 yearly 1980 - 2028
Ecuador (%) 2.751 2028 yearly 1980 - 2028
Egypt (%) 5.984 2028 yearly 1980 - 2028
El Salvador (%) 1.965 2027 yearly 1980 - 2027
Equatorial Guinea (%) -0.981 2027 yearly 1980 - 2027
Eritrea (%) 2.925 2028 yearly 1993 - 2028
Estonia (%) 3.300 2027 yearly 1994 - 2027
Swaziland (%) 2.278 2027 yearly 1980 - 2027
Ethiopia (%) 6.953 2028 yearly 1980 - 2028
Fiji (%) 3.459 2028 yearly 1980 - 2028
Finland (%) 1.519 2029 yearly 1980 - 2029
France (%) 1.450 2028 yearly 1980 - 2028
Gabon (%) 3.809 2027 yearly 1981 - 2027
Gambia (%) 5.000 2027 yearly 1980 - 2027
Georgia (%) 5.198 2028 yearly 1995 - 2028
Germany (%) 1.134 2028 yearly 1980 - 2028
Ghana (%) 6.774 2027 yearly 1980 - 2027
Greece (%) 1.355 2027 yearly 1980 - 2027
Grenada (%) 2.849 2027 yearly 1980 - 2027
Guatemala (%) 3.900 2028 yearly 1980 - 2028
Guinea (%) 5.187 2027 yearly 1980 - 2027
Guinea-Bissau (%) 5.000 2027 yearly 1981 - 2027
Guyana (%) 3.320 2027 yearly 1980 - 2027
Haiti (%) 1.500 2027 yearly 1980 - 2027
Honduras (%) 3.940 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.849 2027 yearly 1980 - 2027
Hungary (%) 3.150 2027 yearly 1980 - 2027
Iceland (%) 2.432 2029 yearly 1980 - 2029
India (%) 6.042 2029 yearly 1981 - 2029
Indonesia (%) 5.117 2027 yearly 1980 - 2027
Iran (%) 2.047 2029 yearly 1981 - 2029
Iraq (%) 2.625 2027 yearly 1999 - 2027
Ireland (%) 3.010 2027 yearly 1980 - 2027
Israel (%) 3.499 2027 yearly 1980 - 2027
Italy (%) 0.882 2028 yearly 1980 - 2028
Ivory Coast (%) 6.000 2028 yearly 1980 - 2028
Jamaica (%) 1.600 2027 yearly 1980 - 2027
Japan (%) 0.409 2028 yearly 1980 - 2028
Jordan (%) 3.300 2027 yearly 1980 - 2027
Kazakhstan (%) 2.778 2028 yearly 1993 - 2028
Kenya (%) 5.516 2027 yearly 1980 - 2027
Kiribati (%) 1.971 2027 yearly 1980 - 2027
South Korea (%) 2.340 2027 yearly 1980 - 2027
Kosovo (%) 3.800 2029 yearly 2001 - 2029
Kuwait (%) 2.655 2027 yearly 1980 - 2027
Kyrgyzstan (%) 3.977 2028 yearly 1993 - 2028
Laos (%) 4.496 2028 yearly 1980 - 2028
Latvia (%) 3.377 2027 yearly 1993 - 2027
Lebanon (%) -22.000 2020 yearly 1980 - 2020
Lesotho (%) 2.145 2030 yearly 1981 - 2030
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

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North Macedonia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.5 2022 yearly 1993 - 2022
Consolidated Fiscal Balance (USD mn) -764.028 2024 yearly 2009 - 2024
Tax Revenue (USD mn) 220.663 Jan 2025 monthly Jan 2004 - Jan 2025
Tax Revenue: % of GDP (%) 17.9 Dec 2024 quarterly Mar 2004 - Dec 2024
National Government Debt (USD mn) 8,589.2 Dec 2024 quarterly Dec 2009 - Dec 2024
Government Debt: % of GDP (%) 53.8 Dec 2024 quarterly Dec 2009 - Dec 2024
Forecast: Government Expenditure (MKD bn) 481.670 2029 yearly 1997 - 2029
Forecast: Government Net Debt (MKD bn) 703.720 2029 yearly 1999 - 2029
Forecast: Government Revenue (MKD bn) 445.403 2029 yearly 1997 - 2029
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 2,364.000 Jan 2025 monthly Jan 2004 - Jan 2025
Central Government Budget: Revenue (MKD mn) 24,547.000 Feb 2025 monthly Jan 2004 - Feb 2025
Central Government Budget: Expenditure: Current (MKD mn) 25,572.000 Jan 2025 monthly Jan 2004 - Jan 2025
Central Government Budget: Expenditure (MKD mn) 26,019.000 Jan 2025 monthly Jan 2004 - Jan 2025
Central Government Budget Balance (MKD mn) -4,600.000 Feb 2025 monthly Jan 2004 - Feb 2025
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 6,278.000 Jan 2025 monthly Jan 2004 - Jan 2025
Central Government Budget: Expenditure: Capital (MKD mn) 447.000 Jan 2025 monthly Jan 2004 - Jan 2025
Central Government Budget: Financing (MKD mn) 4,600.000 Feb 2025 monthly Jan 2004 - Feb 2025
Public Debt: External (EUR mn) 5,825.057 2024 yearly 1999 - 2024
Public Debt: Domestic (EUR mn) 3,800.301 2024 yearly 1999 - 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.913 2028 yearly 1993 - 2028
Trade Balance (USD mn) -279.2 Jan 2025 monthly Dec 1993 - Jan 2025
Total Exports (USD mn) 599.3 Jan 2025 monthly Jan 2002 - Jan 2025
Total Exports Growth (%) 7.9 May 2023 monthly Jan 2003 - May 2023
Aluminum: Exports (USD th) 3,509.780 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 151,860.641 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 2,231.062 2023 yearly 1995 - 2023
Total Imports (USD mn) 878.5 Jan 2025 monthly Jan 2002 - Jan 2025
Total Imports Growth (%) 0.6 Jan 2025 monthly Jan 2003 - Jan 2025
Imports: Medicament (USD th) 213,778.414 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 79,238.625 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 21.835 Jan 2025 monthly Jan 1999 - Jan 2025
Total Imports from USA (USD mn) 12.417 Jan 2025 monthly Jan 1993 - Jan 2025
Total Exports to China (USD mn) 1.134 Jan 2025 monthly Jan 1999 - Jan 2025
Total Imports from China (USD mn) 90.255 Jan 2025 monthly Aug 1996 - Jan 2025
Exports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 23,325.047 Jan 2025 monthly Jan 2003 - Jan 2025
Exports: ytd: SITC: Manufactured Goods (USD th) 74,204.214 Jan 2025 monthly Jan 2003 - Jan 2025
Exports: ytd: SITC: Food Products (USD th) 34,011.516 Jan 2025 monthly Jan 2003 - Jan 2025
Exports: ytd: SITC: Miscellaneous Manufactured Articles (USD th) 71,833.875 Jan 2025 monthly Jan 2003 - Jan 2025
Exports: ytd: SITC: Beverages and Tobacco (USD th) 14,618.301 Jan 2025 monthly Jan 2003 - Jan 2025
Exports: USA (USD th) 21,834.641 Jan 2025 monthly Jan 2013 - Jan 2025
Exports: Kosovo (USD th) 24,340.139 Jan 2025 monthly Jan 2013 - Jan 2025
Exports: Germany (USD th) 228,358.760 Jan 2025 monthly Jan 2013 - Jan 2025
Exports: China (USD th) 1,133.940 Jan 2025 monthly Jan 2013 - Jan 2025
Exports: Bulgaria (USD th) 40,214.420 Jan 2025 monthly Jan 2013 - Jan 2025
Exports: Czech Republic (USD th) 24,193.187 Jan 2025 monthly Jan 2013 - Jan 2025
Imports: ytd: SITC: Machinery and Transport Equipment (USD th) 194,436.827 Jan 2025 monthly Jan 2003 - Jan 2025
Imports: ytd: SITC: Chemical Products (USD th) 100,102.665 Jan 2025 monthly Jan 2003 - Jan 2025
Imports: ytd: SITC: Food Products (USD th) 94,227.323 Jan 2025 monthly Jan 2003 - Jan 2025
Imports: ytd: SITC: Manufactured Goods (USD th) 258,615.588 Jan 2025 monthly Jan 2003 - Jan 2025
Imports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 144,649.252 Jan 2025 monthly Jan 2003 - Jan 2025
Imports: USA (USD th) 12,417.012 Jan 2025 monthly Jan 2013 - Jan 2025
Imports: Greece (USD th) 88,550.137 Jan 2025 monthly Jan 2013 - Jan 2025
Imports: Great Britain (USD th) 119,940.274 Jan 2025 monthly Jan 2013 - Jan 2025
Imports: Germany (USD th) 77,042.170 Jan 2025 monthly Jan 2013 - Jan 2025
Imports: China (USD th) 90,255.212 Jan 2025 monthly Jan 2013 - Jan 2025
Export Value Index (2015=100) 180.473 2021 yearly 1995 - 2021
Import Value Index (2015=100) 177.142 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -219.5 Dec 2024 monthly Jan 2001 - Dec 2024
Current Account Balance (USD mn) 108.9 Mar 2023 monthly Jan 2001 - Mar 2023
Current Account Balance: % of GDP (%) -6.7 Dec 2024 quarterly Mar 2000 - Dec 2024
Foreign Direct Investment (USD mn) -64.7 Dec 2024 monthly Jan 2001 - Dec 2024
Foreign Direct Investment: % of GDP (%) 1.2 Dec 2024 quarterly Mar 2000 - Dec 2024
Foreign Portfolio Investment (USD mn) -3.597 Dec 2024 quarterly Mar 1998 - Dec 2024
Foreign Portfolio Investment: % of GDP (%) -0.1 Dec 2024 quarterly Mar 2000 - Dec 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -3.0 Sep 2024 quarterly Mar 1996 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -70.708 Sep 2024 quarterly Mar 1998 - Sep 2024
External Debt (USD mn) 12,712.2 Jun 2024 quarterly Dec 2005 - Jun 2024
External Debt: % of GDP (%) 83.2 2023 yearly 2004 - 2023
External Debt: Short Term (USD mn) 3,434.1 Jun 2024 quarterly Dec 2005 - Jun 2024
External Debt: Short Term: % of GDP (%) 23.6 2022 yearly 2004 - 2022
Total Debt: % of GDP (%) 335.8 2023 yearly 2013 - 2023
Forecast: Current Account Balance (USD bn) -0.541 2029 yearly 1992 - 2029
Net International Investment Position (USD mn) -9,533.892 Sep 2024 quarterly Dec 2006 - Sep 2024
BoP: CA: SI: Debit (USD mn) 17.423 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: FA: Reserve Assets (USD mn) 139.220 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: CA: Debit (USD mn) 1,194.690 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: CA: Primary Income (PI) (USD mn) -65.908 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 85.791 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: CA: GS: Services: Credit (USD mn) 279.076 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: Capital Account: Debit (USD mn) 0.000 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 226.653 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: Capital Account (USD mn) 10.683 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: CA: PI: Debit (USD mn) 90.951 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) -64.745 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: CA: GS: Goods: Debit (USD mn) 877.800 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: FA: Portfolio Investment (PI) (USD mn) 87.596 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: CA: PI: Credit (USD mn) 25.043 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) -219.522 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: Financial Account (FA) (USD mn) -59.852 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: CA: GS: Goods: Credit (USD mn) 522.558 Dec 2024 monthly Jan 2001 - Dec 2024
Balance of Payments (BoP): Current Account (CA) (USD mn) -95.654 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: FA: Other Investment (OI) (USD mn) -131.891 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: CA: Secondary Income (SI) (USD mn) 254.937 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: Capital Account: Credit (USD mn) 10.683 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: CA: SI: Credit (USD mn) 272.360 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: CA: Credit (USD mn) 1,099.036 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: CA: GS: Goods (USD mn) -355.243 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: CA: GS: Services (USD mn) 70.560 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: CA: GS: Services: Debit (USD mn) 208.516 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: FA: Direct Investment (DI) (USD mn) -154.777 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: Net Errors & Omissions (USD mn) 25.119 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -1.805 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Dec 2024 monthly Jan 2001 - Dec 2024
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 94.762 Dec 2024 monthly Jan 2001 - Dec 2024
Gross External Debt: GG: Long Term (LT) (EUR mn) 3,796.950 Jun 2024 quarterly Mar 2006 - Jun 2024
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.050 Jun 2024 quarterly Mar 2006 - Jun 2024
Gross External Debt: MI: Private (EUR mn) 6,143.841 Jun 2024 quarterly Mar 2006 - Jun 2024
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 5,731.129 Jun 2024 quarterly Mar 2006 - Jun 2024
Foreign Direct Investment (FDI): Flow (USD mn) 177.690 Dec 2024 monthly Jan 2007 - Dec 2024
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 10.251 Dec 2024 quarterly Mar 2009 - Dec 2024
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) 10.516 Dec 2024 quarterly Mar 2009 - Dec 2024
FDI: Flow: NACE 2: Manufacturing (EUR mn) 197.976 Dec 2024 quarterly Mar 2009 - Dec 2024
FDI: Flow: NACE 2: Construction (EUR mn) 35.362 Dec 2024 quarterly Mar 2009 - Dec 2024
FDI: Flow: NACE 2: Services (EUR mn) 85.012 Dec 2024 quarterly Mar 2009 - Dec 2024
FDI: Flow: United States of America (EUR mn) -6.379 Dec 2024 quarterly Mar 2008 - Dec 2024
FDI: Flow: Austria (EUR mn) 58.505 Dec 2024 quarterly Mar 2008 - Dec 2024
FDI: Flow: Belgium (EUR mn) 7.867 Dec 2024 quarterly Mar 2008 - Dec 2024
FDI: Flow: Turkey (EUR mn) 31.874 Dec 2024 quarterly Mar 2008 - Dec 2024
FDI: Flow: United Kingdom (EUR mn) 174.720 Dec 2024 quarterly Mar 2008 - Dec 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.9 Sep 2024 quarterly Dec 2005 - Sep 2024
Household Debt: % of GDP (%) 26.3 Dec 2024 quarterly Mar 2003 - Dec 2024
Non-Performing Loans (USD mn) 257.098 Sep 2024 quarterly Dec 2005 - Sep 2024
Money Supply M1 (USD mn) 4,806.921 Jan 2025 monthly Jan 2003 - Jan 2025
Money Supply M2 (USD mn) 8,556.774 Jan 2025 monthly Jan 2003 - Jan 2025
M2 Growth (%) 7.0 Jan 2025 monthly Jan 2004 - Jan 2025
Reserve Requirement Ratio (%) 8.0 Jan 2025 monthly Jan 2004 - Jan 2025
Foreign Exchange Reserves (USD mn) 4,425.6 Feb 2025 monthly Dec 1993 - Feb 2025
Foreign Exchange Reserves: % of GDP (%) 29.004 Dec 2024 quarterly Dec 2000 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 5.3 Jan 2025 monthly Jan 2002 - Jan 2025
Gold Reserves (USD mn) 634.135 Feb 2025 monthly Dec 1992 - Feb 2025
Total Deposits (USD mn) 10,027.325 Jan 2025 monthly Jan 2003 - Jan 2025
Total Deposits Growth (%) 11.0 Jan 2025 monthly Jan 2004 - Jan 2025
Domestic Credit (USD mn) 9,424.5 Jan 2025 monthly Jan 2003 - Jan 2025
Domestic Credit Growth (%) 9.8 Jan 2025 monthly Jan 2004 - Jan 2025
Household Debt (USD mn) 4,231.5 Jan 2025 monthly Jan 2003 - Jan 2025
Total Loans (USD mn) 8,358.462 Jan 2025 monthly Jan 2003 - Jan 2025
Total Loans Growth (%) 11.32 Jan 2025 monthly Jan 2004 - Jan 2025
Private Debt: % of Nominal GDP (%) 51.28 Dec 2024 quarterly Mar 2003 - Dec 2024
Official Reserve Assets (EUR mn) 4,861.286 Feb 2025 monthly Jan 2005 - Feb 2025
Official Reserve Assets: Foreign Currency (EUR mn) 4,254.546 Feb 2025 monthly Jan 2005 - Feb 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022

More Indicators for North Macedonia

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