North Macedonia: Industry value added

* indicates monthly or quarterly data series
 North Macedonia

Industry value added, billion USD

 Latest value 3.15
 Year 2023
 Measure billion U.S. dollars
 Data availability 1990 - 2023
 Average 1.80
 Min - Max 0.76 - 3.16
 Source The World Bank
The latest value from 2023 is 3.15 billion U.S. dollars, an increase from 3.05 billion U.S. dollars in 2022. In comparison, the world average is 132.74 billion U.S. dollars, based on data from 152 countries. Historically, the average for North Macedonia from 1990 to 2023 is 1.8 billion U.S. dollars. The minimum value, 0.76 billion U.S. dollars, was reached in 2001 while the maximum of 3.16 billion U.S. dollars was recorded in 2021. 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 - Industry value added - Recent values chart

Historical series
North Macedonia - Industry value added - historical chart - 1990-2023




Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.

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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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