North Macedonia MK: GDP: Real: Gross Value Added at Basic Prices

1990 - 2023 | Yearly | MKD mn | World Bank

North Macedonia MK: GDP: Real: Gross Value Added at Basic Prices data was reported at 417,935.000 MKD mn in 2023. This records an increase from the previous number of 413,812.000 MKD mn for 2022. North Macedonia MK: GDP: Real: Gross Value Added at Basic Prices data is updated yearly, averaging 285,033.000 MKD mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 417,935.000 MKD mn in 2023 and a record low of 205,172.808 MKD mn in 1995. North Macedonia MK: GDP: Real: Gross Value Added at Basic Prices data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s North Macedonia – Table MK.World Bank.WDI: Gross Domestic Product: Real. Gross value added at basic prices (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at basic prices is derived by subtracting net product taxes from GDP. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

View North Macedonia's North Macedonia MK: GDP: Real: Gross Value Added at Basic Prices from 1990 to 2023 in the chart:

North Macedonia North Macedonia MK: GDP: Real: Gross Value Added at Basic Prices

What was North Macedonia's North Macedonia MK: GDP: Real: Gross Value Added at Basic Prices in 2023?

Last Previous Min Max Unit Frequency Range
417,935.000 2023 413,812.000 2022 205,172.808 1995 417,935.000 2023 MKD mn yearly 1990 - 2023

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North Macedonia Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 26,484.080 2027 yearly 1992 - 2027
Forecast: Nominal GDP Per Capita (USD) 9,565.940 2027 yearly 1992 - 2027
Forecast: Real GDP Growth (%) 3.805 2027 yearly 1993 - 2027
GDP Deflator Growth (%) 16.3 Dec 2022 quarterly Mar 2001 - Dec 2022
GDP per Capita (USD) 5,975.851 2020 yearly 1994 - 2020
Gross Fixed Capital Formation (USD mn) 3,901.151 2023 yearly 1990 - 2023
Gross National Product (GNP) (USD mn) 13,952.039 2023 yearly 1990 - 2023
Gross Savings Rate (%) 7.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Investment: % of GDP (%) 21.8 Jun 2024 quarterly Mar 2000 - Jun 2024
Nominal GDP (USD mn) 3,828.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Nominal GDP Growth (%) 7.276 Jun 2024 quarterly Mar 2001 - Jun 2024
Private Consumption Expenditure (USD mn) 2,803.008 Jun 2024 quarterly Mar 2000 - Jun 2024
Private Consumption: % of GDP (%) 67.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Public Consumption Expenditure (USD mn) 681.293 Jun 2024 quarterly Mar 2000 - Jun 2024
Public Consumption: % of GDP (%) 18.1 Jun 2024 quarterly Mar 2000 - Jun 2024
Real GDP Growth (%) 0.6 Dec 2022 quarterly Mar 2001 - Dec 2022
Total Trade of Goods & Services: % of Nominal GDP (%) 152.070 Jun 2024 quarterly Mar 2000 - Jun 2024
Production Last Frequency Range
Industrial Production Index Growth (%) -7.9 Sep 2024 monthly Jan 2004 - Sep 2024
Minerals Production (Metric Ton) 5,897,993.000 2022 yearly 2009 - 2022
Silver Production (Metric Ton) 11.000 2015 yearly 1992 - 2015
Construction and Properties Last Frequency Range
Building Permits (Unit) 275.000 Aug 2024 monthly Jan 2008 - Aug 2024
House Prices Growth (%) 4.7 Mar 2024 quarterly Mar 2001 - Mar 2024
Nominal Residential Property Price Index (2010=100) 154.504 Jun 2024 quarterly Mar 2000 - Jun 2024
Nominal Residential Property Price Index Growth (%) 11.464 Jun 2024 quarterly Mar 2001 - Jun 2024
Real Residential Property Price Index (2010=100) 101.151 Jun 2024 quarterly Mar 2000 - Jun 2024
Real Residential Property Price Index Growth (%) 7.255 Jun 2024 quarterly Mar 2001 - Jun 2024
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.5 2022 yearly 1993 - 2022
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
Government Debt: % of GDP (%) 54.5 Jun 2024 quarterly Dec 2009 - Jun 2024
Tax Revenue (USD mn) 252.878 Sep 2024 monthly Jan 2004 - Sep 2024
National Government Debt (USD mn) 8,185.4 Jun 2024 quarterly Dec 2009 - Jun 2024
Consolidated Fiscal Balance (USD mn) -685.568 2023 yearly 2009 - 2023
Tax Revenue: % of GDP (%) 20.2 Jun 2024 quarterly Mar 2004 - Jun 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 691,736.000 Jun 2024 quarterly Mar 2004 - Jun 2024
Forecast: Employment (Person mn) 0.000 yearly -
Forecast: Population (Person mn) 2.069 2028 yearly 1992 - 2028
Forecast: Unemployment Rate (%) 12.500 2029 yearly 1996 - 2029
Labour Force Participation Rate (%) 52.1 Jun 2024 quarterly Mar 2023 - Jun 2024
Labour Productivity Growth (%) 1.97 Jun 2024 quarterly Mar 2005 - Jun 2024
Monthly Earnings (USD) 1,106 Aug 2024 monthly Dec 2003 - Aug 2024
Population (Person mn) 1.8 2023 yearly 1950 - 2023
Unemployment Rate (%) 12.50 Jun 2024 quarterly Mar 2023 - Jun 2024

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