Name: North Macedonia GDP Annual Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Macedonia,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

North Macedonia’s economy expanded by 3.8% year-on-year in the final quarter of 2025, the same pace as in the previous three-month period. Still, this marked the strongest growth since Q4 2024, driven by an increase in final consumption (6.4% vs 5.7% in Q3), which accounts for 77.9% of the GDP, as both household expenditure (2% vs 0.9%) and government spending (6.4% vs 5.7%) rose faster. Net external demand also contributed positively, with exports (9.7% vs 3.4%) increasing more than imports (3.3% vs 9.9%). Meanwhile, gross investments declined by 3%, a sharp reversal from a 30.6% rise in Q3. On the production side, the most notable increases were posted in the construction sector (14.6% vs 21%) and professional, scientific and technical activities; administrative and support service activities (8.1% vs 6.1%). On a seasonally adjusted quarterly basis, GDP advanced by 0.9% in the fourth quarter, unchanged from the preceding quarter. In 2025, the economy grew by 3.5% compared to 2024. source: State Statistical Office of the Republic of Macedonia

The Gross Domestic Product (GDP) in Macedonia expanded 3.80 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Macedonia averaged 2.63 percent from 2001 until 2025, reaching an all time high of 15.40 percent in the second quarter of 2021 and a record low of -15.40 percent in the second quarter of 2020. This page provides - Macedonia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. North Macedonia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.

The Gross Domestic Product (GDP) in Macedonia expanded 3.80 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Macedonia is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the North Macedonia GDP Annual Growth Rate is projected to trend around 3.30 percent in 2027 and 3.10 percent in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
GDP Growth Rate YoY	3.80	3.80	percent	Dec 2025
GDP Current Prices	297459.00	272630.00	MKD Million	Dec 2025
GDP Growth Rate	0.90	0.90	percent	Dec 2025
Gross Fixed Capital Formation	226482.00	222677.00	MKD Million	Dec 2024

North Macedonia GDP Annual Growth Rate

On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by gross fixed capital formation (31 percent) and government expenditure (17 percent). Exports of goods and services account for 48 percent while imports account for 65 percent, subtracting 17 percent of total GDP.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	3.80	3.80	15.40	-15.40	2001 - 2025	percent	Quarterly

Compare: GDP Annual Growth Rate by Country

News Stream

North Macedonia Economy Expands 3.8% in Q4

North Macedonia’s economy expanded by 3.8% year-on-year in the final quarter of 2025, the same pace as in the previous three-month period. Still, this marked the strongest growth since Q4 2024, driven by an increase in final consumption (6.4% vs 5.7% in Q3), which accounts for 77.9% of the GDP, as both household expenditure (2% vs 0.9%) and government spending (6.4% vs 5.7%) rose faster. Net external demand also contributed positively, with exports (9.7% vs 3.4%) increasing more than imports (3.3% vs 9.9%). Meanwhile, gross investments declined by 3%, a sharp reversal from a 30.6% rise in Q3. On the production side, the most notable increases were posted in the construction sector (14.6% vs 21%) and professional, scientific and technical activities; administrative and support service activities (8.1% vs 6.1%). On a seasonally adjusted quarterly basis, GDP advanced by 0.9% in the fourth quarter, unchanged from the preceding quarter. In 2025, the economy grew by 3.5% compared to 2024.

2026-03-03

North Macedonia Q3 GDP Growth Hits Yearly Peak

North Macedonia’s economy expanded 3.8% year-on-year in the third quarter of 2025, the fastest pace since Q4 2024, accelerating from an upwardly revised 3.5% growth in Q2. The acceleration was mainly driven by a surge in gross fixed capital formation, which accounts for 31.1% of GDP, jumping 30.6% (vs 5.4% in Q2). Government spending also contributed, rising 5.7% (vs 3.5%). In contrast, household consumption slowed to 0.9% growth (vs 3.1%). External trade weighed on the expansion, with exports rising 3.4% (vs 8.5%) while imports climbed 9.9% (vs 8.1%). On a seasonally adjusted quarterly basis, GDP increased 0.8% in Q3, moderating from a revised 1.1% growth in Q2.

2025-12-05

North Macedonia GDP Growth Hits 3-Year High

North Macedonia’s economy grew 3.4% year-on-year in the second quarter of 2025, the highest since Q2 2022, slightly up from a 3.0% expansion in Q1, mainly driven by stronger household consumption, which accounts for 68.5% of GDP, rising 3.0% (vs 2.1% in Q1). External trade also supported growth, with exports up 9.1% (vs 1.2%) and imports increasing 8.0% (vs 5.8%). In contrast, government spending fell 1.0% (vs 1.1%), while gross capital formation grew at a slower pace of 6.1% (vs 18.0%). On a seasonally adjusted quarterly basis, GDP expanded 0.9% in Q2, accelerating from 0.5% in Q1 2025.

2025-09-04