North Macedonia’s GDP exceeds trillion denars in 2024

In North Macedonia, the real growth rate of Gross Domestic Product (GDP) in 2024, compared to 2023, is 3.8 %.

GDP in 2024 amounts 1 031 678 million denars compared to 2023, nominally increased by 8.1%, CE Report informs via the State Statistical Office of North Macedonia's official website.

The following sectors had the biggest share of value added 19.8% in the structure of GDP in 2024: Wholesale and retail trade; repair of motor vehicles and motorcycles; Transportation and storage; Accommodation and food service activities.

The share of final consumption in 2024 in the structure of GDP was 80.9%.

In 2024, the share of export of goods and services in GDP was 62.9%.

Тhe total value of gross fixed capital formation (GFCF) for 2024 was 242368 million denars.

In the technical structure of GFCF, construction participated with 51.8 %, machinery and equipment with 38.1%, and the rest of GFCF with 10.1%.

Photo: Pexels (Free Stock Photos)