North Macedonia: Economic growth, quarterly

* indicates monthly or quarterly data series
 North Macedonia

Economic growth, percent change in quarterly real GDP

 Latest value 0.86
 Reference Q4 2023
 Measure percent
 Data availability Q1 2001 - Q4 2023
 Average 2.35
 Min - Max -16.4 - 14.52
 Source State Statistical Office of the Republic of Macedonia
The latest data from Q4 2023 show economic growth of 0.86 percent, which is a decrease from the rate of growth of 1.03 percent in the previous quarter and a decrease compared to the growth rate of 1.47 percent in the same quarter last year. The economic growth time series for North Macedonia cover the period from Q1 2001 to Q4 2023. During that time span, the average growth rate for North Macedonia was 2.35 percent. The lowest rate of growth of -16.4 percent was recorded in Q2 2020 while the highest growth rate was 14.52 percent in Q2 2021. See more information about that indicator and compare to other countries on our Economic growth page.
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* indicates monthly or quarterly data series


Recent values chart
North Macedonia - Economic growth, quarterly  - recent values

Historical chart
North Macedonia - Economic growth, quarterly  - historical chart - 2001-2023
Measure: percent
Source: State Statistical Office of the Republic of Macedonia


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Definition: The percent change in the Gross Domestic Product from the same quarter last year using constant prices.

 Related indicators Latest value Reference Measure
 Economic growth 2.15 2022 percent
 GDP, constant dollars 11.3 2022 billion U.S. dollars
 GDP, current U.S. dollars 13.56 2022 billion U.S. dollars
 GDP per capita, current dollars 6,591.47 2022 U.S. dollars
 GDP per capita, PPP 17,129 2022 U.S. dollars
 GDP per capita, constant dollars 5,500.40 2022 U.S. dollars
 Economic growth, quarterly 1.03 Q3/2023 percent
 Economic growth Q-on-Q 1.70 9/2021 percent
 Gross Domestic Product (GDP) 215.06 Q3/2023 billion
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