North Macedonia: GDP per unit of energy

The latest value from 2023 is 17.48 GDP per kg of oil equivalent, an increase from 16.4 GDP per kg of oil equivalent in 2022. In comparison, the world average is 16.29 GDP per kg of oil equivalent, based on data from 140 countries. Historically, the average for North Macedonia from 1990 to 2023 is 7.81 GDP per kg of oil equivalent. The minimum value, 3.42 GDP per kg of oil equivalent, was reached in 1996 while the maximum of 17.48 GDP per kg of oil equivalent was recorded in 2023. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

We show how much GDP, in dollars, is produced using one kilogram of oil equivalent of energy in North Macedonia and other countries. The energy use includes oil, natural gas, solid fuels, renewables and electricity, all converted into oil equivalents.

Definition: GDP per unit of energy use is the PPP GDP per kilogram of oil equivalent of energy use. PPP GDP is gross domestic product converted to 2011 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.