North Macedonia: Economic growth, quarterly

* indicates monthly or quarterly data series
The latest data from Q2 2025 show economic growth of 3.4 percent, which is an increase from the rate of growth of 3 percent in the previous quarter and an increase compared to the growth rate of 2.8 percent in the same quarter last year. The economic growth time series for North Macedonia cover the period from Q1 2001 to Q2 2025. During that time span, the average growth rate for North Macedonia was 2.52 percent. The lowest rate of growth of -15.4 percent was recorded in Q2 2020 while the highest growth rate was 15.4 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

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Recent values North Macedonia: Economic growth, percent change in quarterly real GDP
2025  Q2 3.4
2025  Q1 3
2024  Q4 3.2
2024  Q3 3
2024  Q2 2.8
2024  Q1 1.9
2023  Q4 3.1
2023  Q3 2.7


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Other resources:

All indicators for North Macedonia

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Article: Are trade deficits bad for the economy?

Article: Sources of economic growth

Article: Currency values and investment returns

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 Related indicators Latest Reference Measure
 Economic growth 3.49 2025 percent
 GDP, constant dollars 12.5 2025 billion U.S. dollars
 GDP, current U.S. dollars 19.10 2025 billion U.S. dollars
 GDP per capita, current dollars 10,489.93 2025 U.S. dollars
 GDP per capita, PPP 25,095 2025 U.S. dollars
 GDP per capita, constant dollars 6,873.00 2025 U.S. dollars
 Economic growth, quarterly 3.40 Q2/2025 percent
 Economic growth Q-on-Q 0.94 Q2/2025 percent
 Gross Domestic Product (GDP) 272.39 Q2/2026 billion
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