North Macedonia: Adjusted savings, carbon dioxide damage (current US$)

Key figures

What the numbers say

In 2021, North Macedonia's adjusted savings, carbon dioxide damage (current US$) rose 6.1% on 2020 (from US$314.4 million to US$333.56 million).

Across the 30 yearly changes before that (1991 to 2020), the average change was +4% and a typical year strayed about 7.7% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 22.9% in 1996 and the biggest yearly fall was 7.1% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about US$8.12 million a year. A straight line explains 65% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, North Macedonia had the 120th highest value of the 208 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to North Macedonia in the 2021 ranking

• Zambia — 117th of 208: US$358.42 million
• El Salvador — 118th of 208: US$347 million
• Papua New Guinea — 119th of 208: US$337.18 million
• Congo, Rep. — 121st of 208: US$325.16 million
• Latvia — 122nd of 208: US$320.09 million
• Cyprus — 123rd of 208: US$318.17 million

What this measures

Cost of damage due to carbon dioxide emissions from fossil fuel use and the manufacture of cement, estimated to be US$40 per ton of CO2 (the unit damage in 2017 US dollars for CO2 emitted in 2020) times the number of tons of CO2 emitted. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 32 values

Adjusted savings, carbon dioxide damage (current US$) in nearby economies

• Albania — US$222.56 million (2021)
• Andorra — US$21.48 million (2021)
• Armenia — US$262.48 million (2021)
• Austria — US$2.74 billion (2021)
• Azerbaijan — US$1.68 billion (2021)
• Belarus — US$2.58 billion (2021)
• Belgium — US$4.02 billion (2021)
• Bosnia and Herzegovina — US$947 million (2021)
• Bulgaria — US$1.7 billion (2021)

More economic policy & debt data for North Macedonia

• Adjusted savings, education expenditure (% of GNI) — 3.27% (2021)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• General government final consumption expenditure (current US$) — US$3.13 billion (2025)
• General government final consumption expenditure (current LCU) — 171.08 billion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$1.83 billion (2025)
• General government final consumption expenditure (constant LCU) — 69.05 billion (2025)
• General government final consumption expenditure (% of GDP) — 16.39% (2025)
• Households and NPISHs Final consumption expenditure per capita, PPP (constant 2021 international $)

Reading data like this

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Questions people ask

What is North Macedonia's adjusted savings, carbon dioxide damage (current US$)?

US$333.56 million in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 220.45% from US$104.09 million in 1990 (3.83% a year on average, compounded). The highest value was US$338.47 million in 2019 and the lowest US$104.09 million in 1990.

How does North Macedonia rank?

120th highest of 208 economies with data for 2021.

Is the latest change in adjusted savings, carbon dioxide damage (current US$) unusual for North Macedonia?

In 2021, North Macedonia's adjusted savings, carbon dioxide damage (current US$) rose 6.1% on 2020 (from US$314.4 million to US$333.56 million). Across the 30 yearly changes before that (1991 to 2020), the average change was +4% and a typical year strayed about 7.7% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.ADJ.DCO2.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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