Human capital in North Macedonia
North Macedonia: Human capital was 46.83 billion real chained 2019 US$ in 2020. ▲ Rising
Human capital in North Macedonia, 1995–2020
Source: World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4. Measured in real chained 2019 US$.
Analysis
In 2020, human capital in North Macedonia stood at 46.83 billion real chained 2019 US$. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 3.1% on the previous year and up 34.7% over ten years.
Over the whole period, human capital in North Macedonia peaked at 46.83 billion real chained 2019 US$ in 2020 and was at its lowest, 24.97 billion real chained 2019 US$, in 1996.
That places North Macedonia 126th out of 151 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Human capital in North Macedonia, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 26.04 billion real chained 2019 US$ | — |
| 1996 | 24.97 billion real chained 2019 US$ | -4.1% |
| 1997 | 26.03 billion real chained 2019 US$ | +4.3% |
| 1998 | 27.16 billion real chained 2019 US$ | +4.3% |
| 1999 | 28.60 billion real chained 2019 US$ | +5.3% |
| 2000 | 29.11 billion real chained 2019 US$ | +1.8% |
| 2001 | 30.32 billion real chained 2019 US$ | +4.2% |
| 2002 | 30.15 billion real chained 2019 US$ | -0.6% |
| 2003 | 29.53 billion real chained 2019 US$ | -2.1% |
| 2004 | 29.60 billion real chained 2019 US$ | +0.2% |
| 2005 | 29.83 billion real chained 2019 US$ | +0.8% |
| 2006 | 30.66 billion real chained 2019 US$ | +2.8% |
| 2007 | 31.81 billion real chained 2019 US$ | +3.7% |
| 2008 | 33.18 billion real chained 2019 US$ | +4.3% |
| 2009 | 34.60 billion real chained 2019 US$ | +4.3% |
| 2010 | 34.76 billion real chained 2019 US$ | +0.5% |
| 2011 | 35.98 billion real chained 2019 US$ | +3.5% |
| 2012 | 36.29 billion real chained 2019 US$ | +0.9% |
| 2013 | 38.23 billion real chained 2019 US$ | +5.3% |
| 2014 | 39.01 billion real chained 2019 US$ | +2.1% |
| 2015 | 40.08 billion real chained 2019 US$ | +2.7% |
| 2016 | 41.21 billion real chained 2019 US$ | +2.8% |
| 2017 | 42.59 billion real chained 2019 US$ | +3.3% |
| 2018 | 43.99 billion real chained 2019 US$ | +3.3% |
| 2019 | 45.40 billion real chained 2019 US$ | +3.2% |
| 2020 | 46.83 billion real chained 2019 US$ | +3.1% |
North Macedonia compared with similar countries
- North Macedonia's 46.83 billion real chained 2019 US$ is below the median for upper middle income countries, which is 282.57 billion real chained 2019 US$, 17% of the median. (43 countries reporting)
- North Macedonia's 46.83 billion real chained 2019 US$ is below the median for Europe & Central Asia, which is 652.62 billion real chained 2019 US$, 7% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.56 billion real chained 2019 US$ | 24.97 billion real chained 2019 US$ | 28.60 billion real chained 2019 US$ | 5 |
| 2000s | 30.88 billion real chained 2019 US$ | 29.11 billion real chained 2019 US$ | 34.60 billion real chained 2019 US$ | 10 |
| 2010s | 39.75 billion real chained 2019 US$ | 34.76 billion real chained 2019 US$ | 45.40 billion real chained 2019 US$ | 10 |
| 2020s | 46.83 billion real chained 2019 US$ | 46.83 billion real chained 2019 US$ | 46.83 billion real chained 2019 US$ | 1 |
Countries ranked near North Macedonia
- 123 Georgia 51.61 billion real chained 2019 US$ compare
- 124 Albania 50.45 billion real chained 2019 US$ compare
- 125 Laos 49.43 billion real chained 2019 US$ compare
- 127 Guinea 44.92 billion real chained 2019 US$ compare
- 128 Mongolia 41.77 billion real chained 2019 US$ compare
- 129 Maldives 40.19 billion real chained 2019 US$ compare
More reference data data for North Macedonia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.102 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.1665 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4328 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0308 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4328 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.342 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.224 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.6296 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 1.91 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.168 (2050)
Frequently asked questions
- What is human capital in North Macedonia?
- Human capital in North Macedonia was 46.83 billion real chained 2019 US$ in 2020, according to World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4.
- What is the highest human capital recorded in North Macedonia?
- The highest recorded value was 46.83 billion real chained 2019 US$ in 2020.
- What is the lowest human capital recorded in North Macedonia?
- The lowest recorded value was 24.97 billion real chained 2019 US$ in 1996.
- How does North Macedonia rank for human capital?
- North Macedonia ranks 126th out of 151 countries with data for 2020.
- Is human capital rising or falling in North Macedonia?
- Over the last ten years it is up 34.7%. The long-run trend across the full record is rising.
- Where does this North Macedonia data come from?
- The figures come from World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as part of Human capital (real chained 2019 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Human capital is computed as the present value of future earnings for the working population over their lifetimes. Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.