North Macedonia: Savings, percent of GDP

* indicates monthly or quarterly data series
 North Macedonia

Savings as percent of GDP

 Latest value 24.55
 Year 2023
 Measure percent
 Data availability 1996 - 2023
 Average 21.48
 Min - Max 3.88 - 32.72
 Source The World Bank
The latest value from 2023 is 24.55 percent, a decline from 29.83 percent in 2022. In comparison, the world average is 23.44 percent, based on data from 96 countries. Historically, the average for North Macedonia from 1996 to 2023 is 21.48 percent. The minimum value, 3.88 percent, was reached in 1998 while the maximum of 32.72 percent was recorded in 2018. See the global rankings 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 - Savings, percent of GDP - Recent values chart

Historical series
North Macedonia - Savings, percent of GDP - historical chart - 1996-2023




The savings in North Macedonia and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.

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International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Share of industry 21.36 2023 percent
 Share of manufacturing 12.39 2023 percent
 Share of services 58.24 2023 percent
 Industry value added 3.15 2023 billion U.S. dollars
 Manufacturing value added 1.83 2023 billion U.S. dollars
 Services value added 8.60 2023 billion U.S. dollars
 Savings, percent of GDP 24.55 2023 percent
 Savings, in dollars 3.62 2023 billion U.S. dollars
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