North Macedonia 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$12.36 billion
↓ 1.95% vs 2019GDP per Capita
$6,659.60
↓ 0.88% vs 2019GDP Growth (Annual %)
-4.69%
↓ 8.60pp vs 2019Inflation Rate (CPI %)
1.20%
↑ 0.43pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $12.61 billion | $12.36 billion | -1.95% |
| GDP per Capita | $6,718.86 | $6,659.60 | -0.88% |
| GDP Growth (Annual %) | 3.91% | -4.69% | -8.60pp |
| Inflation (CPI %) | 0.77% | 1.20% | +0.43pp |
| Unemployment Rate (%) | 17.41% | 16.58% | -0.84pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $12.36 billion
- GDP per Capita
- $6,659.60
- GDP Growth (Annual %)
- -4.69%
- Gross National Income
- $11.89 billion
Prices & Employment
- Inflation (CPI %)
- 1.20%
- Inflation (GDP Deflator %)
- 1.37%
- Unemployment Rate (%)
- 16.58%
- Interest Rate (Real %)
- 3.77%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -2.92%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, North Macedonia's Gross Domestic Product (GDP) is $12.36 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in North Macedonia for 2020 is $6,659.60. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in North Macedonia for 2020 is 1.20%. This measures the annual percentage change in the cost of consumer goods and services.
North Macedonia's annual GDP growth rate for 2020 is -4.69%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in North Macedonia for 2020 is 16.58%. This represents the percentage of the labor force that is unemployed and actively seeking employment.