North Macedonia: Imports, percent of GDP

* indicates monthly or quarterly data series
 North Macedonia

Imports of goods and services as percent of GDP

 Latest value 86.31
 Year 2023
 Measure percent
 Data availability 1990 - 2023
 Average 57.46
 Min - Max 24.60 - 94.87
 Source The World Bank
The latest value from 2023 is 86.31 percent, a decline from 94.87 percent in 2022. In comparison, the world average is 49.03 percent, based on data from 138 countries. Historically, the average for North Macedonia from 1990 to 2023 is 57.46 percent. The minimum value, 24.6 percent, was reached in 1991 while the maximum of 94.87 percent was recorded in 2022. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
North Macedonia - Imports, percent of GDP - Recent values chart

Historical series
North Macedonia - Imports, percent of GDP - historical chart - 1990-2023




The imports of North Macedonia and other countries are calculated as the total amount of goods and services produced abroad and sold at home. Imports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If imports are about 15 percent or less of GDP the economy is considered relatively closed. That, for example, applies to the U.S. In contrast, many small European countries import over 40 percent of the products they consume. They are considered more open to international trade.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

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 Related indicators Latest Reference Measure
 Terms of trade 87.86 2021 percent
 Trade openness 148.67 2023 percent
 Financial openness -0.042 2021 index points
 Exports, percent of GDP 67.82 2023 percent
 Exports, billion dollars 10.69 2023 billion U.S. dollars
 Growth of exports -0.13 2023 percent
 Imports, percent of GDP 86.31 2023 percent
 Imports, billion dollars 12.75 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 4.76 2023 percent
 Foreign Direct Investment, billion dollars 0.64 2023 billion U.S. dollars
 Portfolio investment inflows, equities -0.38 2023 million dollars (current)
 Current account, percent of GDP -6.74 2022 percent
 Current account, in dollars 0.06 2023 billion U.S. dollars
 Trade balance, percent of GDP -13.51 2023 percent
 Trade balance, in dollars -2.06 2023 billion U.S. dollars
 Reserves 5.01 2023 billion U.S. dollars
 Remittances, percent of GDP 3.13 2023 percent
 Remittances 462.42 2023 million U.S. dollars
 Net errors and omissions 52.03 2023 million USD
 External debt 89.26 2022 percent
 Short-term external debt 25.03 2023 percent
 Short-term debt to reserves 62.96 2023 percent
 Foreign exchange reserves 4.79 3/2025 billion
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