Institutional Sign In

Go

Foreign Trade (As % of GDP) fell 6.87% to 129% in Macedonia in 2020

Foreign Trade (As % of GDP) (%), 2020
Economy | Macedonia | April 1, 2022
$2.99
Excel Sheet

Foreign trade as a share of GDP fell 6.87% to 129% in Macedonia in 2020, according to the National Statistical Office.

Historically, foreign trade as a share of GDP in Macedonia reached an all time high of 139% in 2019 and an all time low of 46.4% in 1991. When compared to Macedonia's main peers, foreign trade as a share of GDP in Albania amounted to 61.0%, 109% in Bulgaria, 71.6% in Greece and 75.6% in Kosovo in 2020.

Macedonia has been ranked 20th within the group of 155 countries we follow in terms of foreign trade as a share of GDP, 32 places above the position seen 10 years ago.

Foreign Trade (As % of GDP) Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Albania % 71.8% 74.8% 78.2% 76.8% 76.3%
Bulgaria % 127% 123% 130% 129% 125%
Greece % 65.3% 64.0% 71.6% 80.2% 81.9%
Kosovo % ... 74.0% 75.0% 80.4% 86.3% 85.8%
Macedonia % 114% 116% 124% 133% 139%
Montenegro % 103% 104% 106% 110% 109%
Romania % 83.5% 85.9% 87.2% 86.5% 84.5%
Serbia % 97.4% 102% 108% 109% 112%
Turkey % 51.1% 48.3% 55.8% 62.6% 62.7%