North Macedonia: Economic growth, quarterly
* indicates monthly or quarterly data series
The latest data from Q2 2024 show economic growth of 2.27 percent,
which is an increase from the rate of growth of 1.25 percent in the previous quarter and
an increase compared to the growth rate of 0.9 percent in the same quarter last year.
The economic growth time series for North Macedonia cover the period from Q1 2001 to Q2 2024.
During that time span, the average growth rate for North Macedonia was
2.33 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
- Measure: percent
- Source: State Statistical Office of the Republic of Macedonia
Recent values | North Macedonia: Economic growth, percent change in quarterly real GDP |
---|---|
2024  Q2 | 2.27 |
2024  Q1 | 1.25 |
2023  Q4 | 0.86 |
2023  Q3 | 1.03 |
2023  Q2 | 0.9 |
2023  Q1 | 1.36 |
2022  Q4 | 1.47 |
2022  Q3 | 1.78 |
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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 | Reference | Measure |
---|---|---|---|
Economic growth | 1.03 | 2023 | percent |
GDP, constant dollars | 11.5 | 2023 | billion U.S. dollars |
GDP, current U.S. dollars | 14.76 | 2023 | billion U.S. dollars |
GDP per capita, current dollars | 8,146.47 | 2023 | U.S. dollars |
GDP per capita, PPP | 23,424 | 2023 | U.S. dollars |
GDP per capita, constant dollars | 6,350.24 | 2023 | U.S. dollars |
Economic growth, quarterly | 2.27 | Q2/2024 | percent |
Economic growth Q-on-Q | 0.70 | 12/2021 | percent |
Gross Domestic Product (GDP) | 214.94 | Q2/2024 | billion |