Economic Main Information

Written By Fahad AlHadhrami

  • The Gross Domestic Product (GDP) in 2022 was $13.6 billion.

  • The GDP growth rate for the year 2022 was 2.1%.

  • The economy ranks 138th in the world based on GDP.

  • The inflation rate in 2022 was 18.7%.

  • The credit rating as of August 2023 is BBB+ with a stable outlook.

  • The unemployment rate in 2022 was 15.1%.

  • The volume of foreign trade in 2022 was $21.482 billion.

  • The growth rate of foreign trade in 2022 was 9.8%.​

Fahad AlHadhrami
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Economic Sector Contributions to Noth Macedonia's GDP