North Macedonia: Revenue, excluding grants (current LCU)

Key figures

What the numbers say

In 2024, North Macedonia's revenue, excluding grants (current LCU) rose 12.4% on 2023 (from 265.25 billion to 298.23 billion).

Across the 18 yearly changes before that (2006 to 2023), the average change was +5.7% and a typical year strayed about 6.3% from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 14.4% in 2007 and the biggest yearly fall was 5.6% 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 2015 to 2024 the straight-line trend is upward, about 15.38 billion a year. A straight line explains 91% 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 2024, North Macedonia had the 52nd highest value of the 91 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 2024 ranking

• Morocco — 48th of 91: 410.14 billion
• Mozambique — 49th of 91: 356.45 billion
• Malaysia — 50th of 91: 324.62 billion
• Belgium — 52nd of 91: 234.96 billion
• Austria — 53rd of 91: 222.69 billion
• Mauritius — 54th of 91: 171.31 billion

What this measures

Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 20 values

Revenue, excluding grants (current LCU) in nearby economies

• Albania — 657.57 billion (2024)
• Armenia — 2.46 trillion (2024)
• Austria — 222.69 billion (2024)
• Azerbaijan — 49.21 billion (2024)
• Belarus — 71.81 billion (2024)
• Belgium — 234.96 billion (2024)
• Bosnia and Herzegovina — 20.23 billion (2024)
• Bulgaria — 36.06 billion (2024)
• Croatia — 27.78 billion (2023)
• Cyprus — 13.87 billion (2024)

More public sector data for North Macedonia

• Military expenditure (current USD) — 374.75 million (2025)
• Military expenditure (current LCU) — 20.45 billion (2025)
• Military expenditure (% of GDP) — 1.97% (2025)
• Armed forces personnel, total — 16,000 (2020)
• Armed forces personnel (% of total labor force) — 2% (2020)
• Military expenditure (% of general government expenditure) — 5.13% (2025)
• Intentional homicides, female (per 100,000 female) — 0.96 (2023)
• Intentional homicides, male (per 100,000 male) — 2.13 (2023)
• Intentional homicides (per 100,000 people) — 1.53 (2023)

Reading data like this

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Questions people ask

What is North Macedonia's revenue, excluding grants (current LCU)?

298.23 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 198.28% from 99.98 billion in 2005 (5.92% a year on average, compounded). The highest value was 298.23 billion in 2024 and the lowest 99.98 billion in 2005.

How does North Macedonia rank?

52nd highest of 91 economies with data for 2024.

Is the latest change in revenue, excluding grants (current LCU) unusual for North Macedonia?

In 2024, North Macedonia's revenue, excluding grants (current LCU) rose 12.4% on 2023 (from 265.25 billion to 298.23 billion). Across the 18 yearly changes before that (2006 to 2023), the average change was +5.7% and a typical year strayed about 6.3% from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator GC.REV.XGRT.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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