North Macedonia Market Capitalization: % of GDP

2004 - 2023 | Yearly | % | CEIC Data

Key information about North Macedonia Market Capitalization: % of GDP

  • North Macedonia Market Capitalization accounted for 25.8 % of its Nominal GDP in Dec 2023, compared with a percentage of 26.3 % in the previous year
  • North Macedonia Market Capitalization: % Nominal GDP is updated yearly, available from Dec 2004 to Dec 2023
  • The data reached an all-time high of 77.4 % in Dec 2007 and a record low of 11.8 % in Dec 2004

CEIC calculates Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. Macedonian Stock Exchange provides Market Capitalization in local currency. The State Statistical Office of the Republic of North Macedonia provides Nominal GDP in local currency

View North Macedonia's Market Capitalization: % of GDP from 2004 to 2023 in the chart:

North Macedonia Market Capitalization: % of GDP

What was North Macedonia's Market Capitalization: % of GDP in 2023?

North Macedonia Market Capitalization accounted for 25.8 % of its Nominal GDP in Dec 2023, compared with a percentage of 26.3 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
25.8 2023 26.3 2022 11.8 2004 77.4 2007 % yearly 2004 - 2023

Market Capitalization: % of GDP by Country Comparison

country/region Last Frequency Range
Algeria (%) 0.2 2023 yearly 1999 - 2023
Argentina (%) 34.7 2020 yearly 2004 - 2020
Armenia (%) 3.4 2023 yearly 2001 - 2023
Australia (%) 100.1 2023 yearly 1985 - 2023
Austria (%) 26.3 2023 yearly 2002 - 2023
Bahrain (%) 44.8 2023 yearly 2002 - 2023
Bangladesh (%) 7.2 2024 yearly 2006 - 2024
Belarus (%) 2.6 2016 yearly 2011 - 2016
Belgium (%) 106.3 2023 yearly 1975 - 2023
Bolivia (%) 16.4 2012 yearly 1994 - 2012
Bosnia and Herzegovina (%) 20.2 2022 yearly 2008 - 2022
Botswana (%) 18.2 2023 yearly 2003 - 2023
Brazil (%) 42.4 2022 yearly 1980 - 2022
Bulgaria (%) 8.4 2023 yearly 1999 - 2023
Canada (%) 141.7 2023 yearly 1977 - 2023
Chile (%) 58.6 2023 yearly 2003 - 2023
China (%) 61.3 2023 yearly 1995 - 2023
Colombia (%) 19.6 2023 yearly 2005 - 2023
Croatia (%) 29.4 2023 yearly 1994 - 2023
Cyprus (%) 12.2 2023 yearly 2004 - 2023
Czech Republic (%) 244.8 2023 yearly 1995 - 2023
Denmark (%) 174.8 2023 yearly 2006 - 2023
Ecuador (%) 7.0 2023 yearly 2000 - 2023
Egypt (%) 16.0 Aug 2024 monthly Jun 2004 - Aug 2024
Estonia (%) 13.2 2023 yearly 2000 - 2023
European Union (%) 54.4 2018 yearly 1975 - 2018
Finland (%) 95.7 2023 yearly 1992 - 2023
France (%) 127.9 2023 yearly 1975 - 2023
Georgia (%) 0.1 2016 yearly 2000 - 2016
Germany (%) 47.1 2023 yearly 1975 - 2023
Ghana (%) 8.8 2023 yearly 2008 - 2023
Greece (%) 38.8 2023 yearly 2008 - 2023
Hong Kong SAR, China (%) 1,039.2 2023 yearly 1985 - 2023
Hungary (%) 19.8 2023 yearly 2002 - 2023
Iceland (%) 61.0 2023 yearly 1994 - 2023
India (%) 123.3 2023 yearly 1993 - 2023
Indonesia (%) 55.8 2023 yearly 2010 - 2023
Iran (%) 61.6 2022 yearly 2005 - 2022
Ireland (%) 24.7 2022 yearly 1997 - 2022
Israel (%) 51.4 2023 yearly 2002 - 2023
Italy (%) 32.1 2022 yearly 1998 - 2022
Ivory Coast (%) 16.7 2023 yearly 1993 - 2023
Japan (%) 146.3 2023 yearly 1994 - 2023
Jordan (%) 46.8 2023 yearly 1978 - 2023
Kazakhstan (%) 20.3 2022 yearly 1998 - 2022
Kenya (%) 9.5 2023 yearly 2006 - 2023
South Korea (%) 106.5 2023 yearly 1997 - 2023
Kuwait (%) 80.1 2023 yearly 2000 - 2023
Kyrgyzstan (%) 7.6 2023 yearly 2009 - 2023
Latvia (%) 1.5 2023 yearly 2000 - 2023
Lebanon (%) 6.5 2021 yearly 2004 - 2021
Lithuania (%) 6.2 2023 yearly 1995 - 2023
Luxembourg (%) 62.3 2022 yearly 1975 - 2022
North Macedonia (%) 25.8 2023 yearly 2004 - 2023
Malawi (%) 40.7 Aug 2024 monthly Jan 2004 - Aug 2024
Malaysia (%) 92.9 2023 yearly 1981 - 2023
Malta (%) 22.7 2023 yearly 2002 - 2023
Mauritius (%) 38.9 2023 yearly 1999 - 2023
Mexico (%) 33.0 2023 yearly 1993 - 2023
Mongolia (%) 16.5 2023 yearly 1998 - 2023
Montenegro (%) 52.0 2023 yearly 2003 - 2023
Morocco (%) 42.8 2023 yearly 1992 - 2023
Mozambique (%) 13.7 2023 yearly 1999 - 2023
Nepal (%) 76.8 2024 yearly 2001 - 2024
Netherlands (%) 133.7 2023 yearly 1975 - 2023
New Zealand (%) 39.5 2022 yearly 1985 - 2022
Nigeria (%) 17.8 2023 yearly 1985 - 2023
Norway (%) 81.6 2023 yearly 1981 - 2023
Oman (%) 46.0 2023 yearly 2003 - 2023
Pakistan (%) 9.8 2024 yearly 2000 - 2024
Palestinian Territory (%) 26.6 2023 yearly 1999 - 2023
Panama (%) 20.4 2022 yearly 1993 - 2022
Paraguay (%) 3.5 1999 yearly 1996 - 1999
Peru (%) 65.7 2023 yearly 1992 - 2023
Philippines (%) 68.8 2023 yearly 1970 - 2023
Poland (%) 42.3 2023 yearly 2007 - 2023
Portugal (%) 36.1 2023 yearly 1997 - 2023
Qatar (%) 80.6 2023 yearly 1997 - 2023
Romania (%) 18.3 2023 yearly 1995 - 2023
Russia (%) 3.0 2023 yearly 1997 - 2023
Saudi Arabia (%) 281.2 2023 yearly 1996 - 2023
Serbia (%) 4.8 2023 yearly 2004 - 2023
Singapore (%) 119.2 2023 yearly 1979 - 2023
Slovakia (%) 1.5 2023 yearly 2001 - 2023
Slovenia (%) 14.3 2023 yearly 1997 - 2023
South Africa (%) 320.6 2022 yearly 1975 - 2022
Spain (%) 80.2 2023 yearly 1995 - 2023
Sri Lanka (%) 15.4 2023 yearly 1991 - 2023
Sudan (%) 0.9 2021 yearly 2002 - 2021
Sweden (%) 169.4 2023 yearly 2006 - 2023
Switzerland (%) 187.2 2023 yearly 2000 - 2023
Syria (%) 5.9 2022 yearly 2010 - 2022
Taiwan (%) 240.9 2023 yearly 1962 - 2023
Thailand (%) 104.2 2023 yearly 1975 - 2023
Tunisia (%) 16.3 2023 yearly 1995 - 2023
Turkey (%) 37.8 2023 yearly 1998 - 2023
Ukraine (%) 3.4 2018 yearly 2010 - 2018
United Arab Emirates (%) 190.5 2023 yearly 2002 - 2023
United Kingdom (%) 70.4 2023 yearly 1999 - 2023
United States (%) 156.5 2022 yearly 1975 - 2022

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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) -685.568 2023 yearly 2009 - 2023
Tax Revenue (USD mn) 297.540 Oct 2024 monthly Jan 2004 - Oct 2024
Tax Revenue: % of GDP (%) 20.2 Jun 2024 quarterly Mar 2004 - Jun 2024
National Government Debt (USD mn) 8,185.4 Jun 2024 quarterly Dec 2009 - Jun 2024
Government Debt: % of GDP (%) 54.5 Jun 2024 quarterly Dec 2009 - Jun 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) 2,570.000 Oct 2024 monthly Jan 2004 - Oct 2024
Central Government Budget: Expenditure: Capital (MKD mn) 1,415.000 Oct 2024 monthly Jan 2004 - Oct 2024
Central Government Budget: Revenue (MKD mn) 28,563.000 Oct 2024 monthly Jan 2004 - Oct 2024
Central Government Budget Balance (MKD mn) 1,121.000 Oct 2024 monthly Jan 2004 - Oct 2024
Central Government Budget: Expenditure: Current (MKD mn) 26,027.000 Oct 2024 monthly Jan 2004 - Oct 2024
Central Government Budget: Expenditure (MKD mn) 27,442.000 Oct 2024 monthly Jan 2004 - Oct 2024
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 8,863.000 Oct 2024 monthly Jan 2004 - Oct 2024
Central Government Budget: Financing (MKD mn) -1,121.000 Oct 2024 monthly Jan 2004 - Oct 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.913 2028 yearly 1993 - 2028
Trade Balance (USD mn) -213.7 Sep 2024 monthly Dec 1993 - Sep 2024
Total Exports (USD mn) 745.0 Sep 2024 monthly Jan 2002 - Sep 2024
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) 958.7 Sep 2024 monthly Jan 2002 - Sep 2024
Total Imports Growth (%) -5.4 Sep 2024 monthly Jan 2003 - Sep 2024
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) 16.230 Oct 2024 monthly Jan 1999 - Oct 2024
Total Imports from USA (USD mn) 19.374 Oct 2024 monthly Jan 1993 - Oct 2024
Total Exports to China (USD mn) 5.413 Oct 2024 monthly Jan 1999 - Oct 2024
Total Imports from China (USD mn) 115.734 Oct 2024 monthly Aug 1996 - Oct 2024
Exports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 215,815.381 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: ytd: SITC: Manufactured Goods (USD th) 743,823.082 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: ytd: SITC: Food Products (USD th) 432,449.895 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: ytd: SITC: Beverages and Tobacco (USD th) 220,067.147 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: ytd: SITC: Miscellaneous Manufactured Articles (USD th) 742,643.517 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: ytd: SITC: Machinery and Transport Equipment (USD th) 2,259,643.877 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: ytd: SITC: Manufactured Goods (USD th) 2,685,207.806 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 1,039,711.509 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: ytd: SITC: Chemical Products (USD th) 1,121,223.311 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: ytd: SITC: Food Products (USD th) 837,443.807 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: China (USD th) 115,733.588 Oct 2024 monthly Jan 2013 - Oct 2024
Import Value Index (2015=100) 177.142 2021 yearly 1995 - 2021
Export Value Index (2015=100) 180.473 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 18.4 Sep 2024 monthly Jan 2001 - Sep 2024
Current Account Balance (USD mn) 108.9 Mar 2023 monthly Jan 2001 - Mar 2023
Current Account Balance: % of GDP (%) -3.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Direct Investment (USD mn) 103.5 Sep 2024 monthly Jan 2001 - Sep 2024
Foreign Direct Investment: % of GDP (%) 6.5 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment (USD mn) -73.664 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) -0.9 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -3.6 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -28.539 Jun 2024 quarterly Mar 1998 - Jun 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) -9,230.346 Jun 2024 quarterly Dec 2006 - Jun 2024
BoP: CA: Primary Income (PI) (USD mn) -72.215 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: CA: SI: Debit (USD mn) 18.012 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: CA: GS: Services (USD mn) 89.360 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: CA: Credit (USD mn) 1,193.676 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 12.514 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: CA: SI: Credit (USD mn) 241.189 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: Net Errors & Omissions (USD mn) -0.117 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -75.450 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 16.989 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: FA: Reserve Assets (USD mn) -105.998 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: CA: Debit (USD mn) 1,141.451 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: CA: PI: Debit (USD mn) 94.128 Sep 2024 monthly Jan 2001 - Sep 2024
Balance of Payments (BoP): Current Account (CA) (USD mn) 52.225 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 18.359 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: Capital Account (USD mn) 0.000 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: Capital Account: Credit (USD mn) 0.000 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: CA: Secondary Income (SI) (USD mn) 223.177 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: FA: Portfolio Investment (PI) (USD mn) 92.440 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: CA: GS: Services: Credit (USD mn) 272.566 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: CA: PI: Credit (USD mn) 21.913 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: Financial Account (FA) (USD mn) 52.108 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: FA: Direct Investment (DI) (USD mn) -85.102 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: FA: Other Investment (OI) (USD mn) 150.768 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: CA: GS: Goods (USD mn) -188.096 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: Capital Account: Debit (USD mn) 0.000 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: CA: GS: Goods: Debit (USD mn) 846.105 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: CA: GS: Services: Debit (USD mn) 183.206 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 103.462 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) -138.254 Sep 2024 monthly Jan 2001 - Sep 2024
BoP: CA: GS: Goods: Credit (USD mn) 658.008 Sep 2024 monthly Jan 2001 - Sep 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) 99.687 Sep 2024 monthly Jan 2007 - Sep 2024
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 11.308 Sep 2024 quarterly Mar 2009 - Sep 2024
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) -9.318 Sep 2024 quarterly Mar 2009 - Sep 2024
FDI: Flow: NACE 2: Manufacturing (EUR mn) 139.153 Sep 2024 quarterly Mar 2009 - Sep 2024
FDI: Flow: NACE 2: Construction (EUR mn) 58.425 Sep 2024 quarterly Mar 2009 - Sep 2024
FDI: Flow: NACE 2: Services (EUR mn) 22.363 Sep 2024 quarterly Mar 2009 - Sep 2024
FDI: Flow: United States of America (EUR mn) -0.789 Jun 2024 quarterly Mar 2008 - Jun 2024
FDI: Flow: Austria (EUR mn) -0.750 Jun 2024 quarterly Mar 2008 - Jun 2024
FDI: Flow: Belgium (EUR mn) 11.059 Jun 2024 quarterly Mar 2008 - Jun 2024
FDI: Flow: Turkey (EUR mn) 11.737 Jun 2024 quarterly Mar 2008 - Jun 2024
FDI: Flow: United Kingdom (EUR mn) 58.761 Jun 2024 quarterly Mar 2008 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Jun 2024 quarterly Dec 2005 - Jun 2024
Household Debt: % of GDP (%) 27.6 Jun 2024 quarterly Mar 2003 - Jun 2024
Non-Performing Loans (USD mn) 247.094 Jun 2024 quarterly Dec 2005 - Jun 2024
Money Supply M1 (USD mn) 4,722.054 Oct 2024 monthly Jan 2003 - Oct 2024
Money Supply M2 (USD mn) 8,511.992 Oct 2024 monthly Jan 2003 - Oct 2024
M2 Growth (%) 7.0 Oct 2024 monthly Jan 2004 - Oct 2024
Reserve Requirement Ratio (%) 8.0 Oct 2024 monthly Jan 2004 - Oct 2024
Foreign Exchange Reserves (USD mn) 4,775.1 Oct 2024 monthly Dec 1993 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 27.496 Jun 2024 quarterly Dec 2000 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 4.5 Sep 2024 monthly Jan 2002 - Sep 2024
Gold Reserves (USD mn) 615.962 Oct 2024 monthly Dec 1992 - Oct 2024
Total Deposits (USD mn) 9,936.801 Oct 2024 monthly Jan 2003 - Oct 2024
Total Deposits Growth (%) 11.0 Oct 2024 monthly Jan 2004 - Oct 2024
Domestic Credit (USD mn) 9,318.9 Oct 2024 monthly Jan 2003 - Oct 2024
Domestic Credit Growth (%) 4.3 Oct 2024 monthly Jan 2004 - Oct 2024
Household Debt (USD mn) 4,312.7 Oct 2024 monthly Jan 2003 - Oct 2024
Total Loans (USD mn) 8,404.413 Oct 2024 monthly Jan 2003 - Oct 2024
Total Loans Growth (%) 9.17 Oct 2024 monthly Jan 2004 - Oct 2024
Private Debt: % of Nominal GDP (%) 53.12 Jun 2024 quarterly Mar 2003 - Jun 2024
Official Reserve Assets (EUR mn) 4,975.575 Oct 2024 monthly Jan 2005 - Oct 2024
Official Reserve Assets: Foreign Currency (EUR mn) 4,398.965 Oct 2024 monthly Jan 2005 - Oct 2024
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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