North Macedonia: Trade (% of GDP)
In , North Macedonia's Trade (% of GDP) was 136.32.
That's down 7.8% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . North Macedonia ranks #28 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #12 of 49.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 166.15
- Trough
- 85.84
- 1-year change
- -7.8%
- 5-year change
- -1.6%
- -0.3% / yr
- 10-year change
- +21.1%
- +1.9% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 136.3249 | |
| 147.7943 | |
| 166.1474 | |
| 146.7214 | |
| 128.2412 | |
| 138.5762 | |
| 133.2152 | |
| 124.1373 | |
| 116.1854 | |
| 113.6984 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was North Macedonia's Trade (% of GDP) in 2024?
- In 2024, North Macedonia's Trade (% of GDP) was 136.32, according to World Bank Open Data.
- Is North Macedonia's Trade (% of GDP) rising or falling?
- North Macedonia's Trade (% of GDP) fell 7.8% from 2023 to 2024.
- How does North Macedonia rank globally on Trade (% of GDP)?
- In 2024, North Macedonia ranked #28 out of 160 countries reporting Trade (% of GDP).
- How does North Macedonia's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so North Macedonia is above the world average. Within Europe & Central Asia, it ranks #12 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.