Goods and services expense in North Macedonia
North Macedonia: Goods and services expense was 19.04 billion current LCU in 2024. ▼ Falling
Goods and services expense in North Macedonia, 2005–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, goods and services expense in North Macedonia stood at 19.04 billion current LCU.
That represents a change of up 9.5% on the previous year and up 38.9% over ten years.
Over the whole period, goods and services expense in North Macedonia peaked at 28.45 billion current LCU in 2007 and was at its lowest, 11.69 billion current LCU, in 2018.
That places North Macedonia 86th out of 155 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.12 billion current LCU | 16.22 billion current LCU | 28.45 billion current LCU | 5 |
| 2010s | 13.84 billion current LCU | 11.69 billion current LCU | 15.59 billion current LCU | 10 |
| 2020s | 16.28 billion current LCU | 12.90 billion current LCU | 19.04 billion current LCU | 5 |
Countries ranked near North Macedonia
More public sector data for North Macedonia
- Arms imports 1.00 million SIPRI trend indicator values (2024)
- Tax revenue 18.8% (2024)
- Taxes on income, profits and capital gains 17.3% (2024)
- Taxes on goods and services 38.3% (2024)
- Net investment in nonfinancial assets 1.5% (2024)
- Net lending (+) / net borrowing (-) -4.3% (2024)
- Interest payments 5.9% (2024)
- Grants and other revenue 6.2% (2024)
- Interest payments 4.3% (2023)
- Other taxes 0.2% (2024)
Frequently asked questions
- What is goods and services expense in North Macedonia?
- Goods and services expense in North Macedonia was 19.04 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in North Macedonia?
- The highest recorded value was 28.45 billion current LCU in 2007.
- What is the lowest goods and services expense recorded in North Macedonia?
- The lowest recorded value was 11.69 billion current LCU in 2018.
- How does North Macedonia rank for goods and services expense?
- North Macedonia ranks 86th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in North Macedonia?
- Over the last ten years it is up 38.9%. The long-run trend across the full record is falling.
- Where does this North Macedonia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.