Remittance inflows to GDP in North Macedonia
North Macedonia: Remittance inflows to GDP was 3.4% in 2020. β² Rising
Remittance inflows to GDP in North Macedonia, 1996β2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
North Macedonia recorded 3.4% for remittance inflows to gdp in 2020.
The figure is up 35.5% on the previous year and down 17.4% over ten years.
Over the whole period, remittance inflows to gdp in North Macedonia peaked at 4.1% in 2007 and was at its lowest, 1.5%, in 1996.
That places North Macedonia 77th out of 196 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.8% | 1.5% | 2.0% | 4 |
| 2000s | 3.4% | 2.0% | 4.1% | 10 |
| 2010s | 3.3% | 2.5% | 4.1% | 10 |
| 2020s | 3.4% | 3.4% | 3.4% | 1 |
Countries ranked near North Macedonia
- 74 Madagascar 3.7% compare
- 75 Saint Lucia 3.7% compare
- 76 Bhutan 3.6% compare
- 78 Ecuador 3.4% compare
- 79 Azerbaijan 3.3% compare
- 80 Latvia 3.2% compare
More financial sector data for North Macedonia
- Net domestic credit (current LCU), per capita 360,001 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 34.32 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 17.39 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 7.76 million SDR (2025)
- Gold reserves at market value 706.83 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.53 billion SDR (2025)
- Reserves excluding gold 3.53 billion SDR (2025)
- Total reserves (gold at market value) 4.24 billion SDR (2025)
- Total reserves (gold at national valuation) 4.23 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,322 SDR per person (2025)
Frequently asked questions
- What is remittance inflows to gdp in North Macedonia?
- Remittance inflows to gdp in North Macedonia was 3.4% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in North Macedonia?
- The highest recorded value was 4.1% in 2007.
- What is the lowest remittance inflows to gdp recorded in North Macedonia?
- The lowest recorded value was 1.5% in 1996.
- How does North Macedonia rank for remittance inflows to gdp?
- North Macedonia ranks 77th out of 196 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in North Macedonia?
- Over the last ten years it is down 17.4%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.