North Macedonia 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$15.76 billion
↑ 13.14% vs 2022GDP per Capita
$8,624.29
↑ 13.38% vs 2022GDP Growth (Annual %)
2.07%
↓ 0.69pp vs 2022Inflation Rate (CPI %)
9.36%
↓ 4.84pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $13.93 billion | $15.76 billion | +13.14% |
| GDP per Capita | $7,606.24 | $8,624.29 | +13.38% |
| GDP Growth (Annual %) | 2.76% | 2.07% | -0.69pp |
| Inflation (CPI %) | 14.20% | 9.36% | -4.84pp |
| Unemployment Rate (%) | 14.48% | 13.17% | -1.30pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $15.76 billion
- GDP per Capita
- $8,624.29
- GDP Growth (Annual %)
- 2.07%
- Gross National Income
- $14.96 billion
Prices & Employment
- Inflation (CPI %)
- 9.36%
- Inflation (GDP Deflator %)
- 7.77%
- Unemployment Rate (%)
- 13.17%
- Interest Rate (Real %)
- -2.16%
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)
- 0.36%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, North Macedonia's Gross Domestic Product (GDP) is $15.76 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in North Macedonia for 2023 is $8,624.29. 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 2023 is 9.36%. This measures the annual percentage change in the cost of consumer goods and services.
North Macedonia's annual GDP growth rate for 2023 is 2.07%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in North Macedonia for 2023 is 13.17%. This represents the percentage of the labor force that is unemployed and actively seeking employment.