Awards
- 1960’s – Russian Soviet Federation Socialist Republic Merited Artist
- 1965 – Varna International Ballet Competition – Gold Medal
- 1970 – Anna Pavlova Prize & Critic’s Award, Paris
- 1977 – Dance Magazine Award
- 1979 – Mother of the Year Award
- 1980 – A Dance Autobiography, Knopf Publishers, 1979. – Certificate of Excellence – American Institute of Graphic Arts – Selected for Exhibition
- 1983 – Tony Award Best Actress in a Musical – On Your Toes (Broadway)
- 1983 – Drama Desk Award – On Your Toes (Broadway)
- 1983 – Theatre World Award – On Your Toes (Broadway)
- 1983 – Astaire Award – On Your Toes (Broadway)
- 1983 – Outer Critics Circle Award – On Your Toes (Broadway)
- 1983 – Stanislavsky Award – On Your Toes (Broadway)
- 1984 – Laurence Olivier Award for Best Actress in a Musical – On Your Toes, London
- 1985 – London Evening Standard Award – for the Best Performance of 1985 in the ballet Onegin. Presented on stage by Princess Diana after Makarova’s performance of Onegin in 1986, London
- 1986 – Emmy Award Nomination for Ballerina a 4 Part Documentary TV series, which was conceived, written & narrated by Makarova, BBC London/WNET
- 1991/92 – American Library Association Award – for Makarova’s recordings of the stories Snow Maiden, The Frog Princess & Firebird – Delos Records
- 1993 – Distinguished Artist Award – Los Angeles
- 2000 – Artistic Achievement Award – Mexico
- 2004 – Artistic Achievement Award from the School of American Ballet
- 2012 - Kennedy Center Honor
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