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COUNTRY OUTLOOK / MK

North Macedonia

Official policy rate unspecified instrument · ISO:MK

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Forecast availableTarget · 31 Oct 2026Issued · 15 Sep 2026, 02:54 UTCRESEARCH ONLY
CapitalSkopje
RegionEurope & Central Asia
Income groupUpper middle income
CurrencyMacedonian denar
GDP$19.1B2025 · current US$
Real GDP growth3.49%2025 · annual %
Population1.82M2025 · people
GDP per capita$10,489.932025 · current US$

Latest available annual observations; years differ by indicator. Monetary values use the stated current-price basis and are not forecasts. World Bank data fetched 2026-09-15.

Economic structure

2025 · share of GDP

Broad sectors use the latest common year. Manufacturing is included in industry. Shares can total less than 100% because of taxes and accounting adjustments.

North Macedonia's largest reported broad sector is services in 2025.

Monetary & research context

Policy authorityISO:MK
Policy frameworkunverified rate framework
Native targetpolicy benchmark rate
Decision evidence0
Calendar evidence0
Communication records0

Evidence counts include research inputs; they do not establish live coverage or independent observations. A country's economic composition is descriptive and does not establish what caused a model forecast.

Country events & results ↗

Explore annual trends

Real GDP growth

3.49% · 2025 · annual %

Real GDP growth · annual %-4.69%-0.09%4.51%2014: 3.62912351276373 annual %2015: 3.85586514041738 annual %2016: 2.84820519363306 annual %2017: 1.08177273813243 annual %2018: 2.88059670964267 annual %2019: 3.91041953840173 annual %2020: -4.68845000956652 annual %2021: 4.51067949038222 annual %2022: 2.75888415332967 annual %2023: 2.554965253403 annual %2024: 2.99373536567732 annual %2025: 3.48706619829503 annual %20142025
View annual observations
YearValue (annual %)
20253.487
20242.994
20232.555
20222.759
20214.511
2020-4.688
20193.910
20182.881
20171.082
20162.848
20153.856
20143.629
World Bank source & definition ↗

Economy

GDP$19.1B2025 · current US$Source & definition ↗
Real GDP growth3.49%2025 · annual %Source & definition ↗
GDP per capita$10,489.932025 · current US$Source & definition ↗
GDP at purchasing power parityInt$ 51.04B2025 · current international $Source & definition ↗

People

Population1.82M2025 · peopleSource & definition ↗
Population growth-0.19%2025 · annual %Source & definition ↗
Urban population62.89%2025 · % of populationSource & definition ↗
Life expectancy76.622024 · yearsSource & definition ↗
Unemployment · ILO estimate12.26%2025 · % of labor forceSource & definition ↗
Labor force participation · ages 15+51.94%2025 · % of population ages 15+Source & definition ↗

Sectors

Agriculture, forestry & fishing5.98%2025 · % of GDPSource & definition ↗
Industry including construction24.09%2025 · % of GDPSource & definition ↗
Services56.95%2025 · % of GDPSource & definition ↗
Manufacturing14.33%2025 · % of GDPSource & definition ↗

Trade & investment

Exports of goods & services59.65%2025 · % of GDPSource & definition ↗
Imports of goods & services73.39%2025 · % of GDPSource & definition ↗
Current account balance-4.27%2025 · % of GDPSource & definition ↗
Foreign direct investment · net inflows3.54%2025 · % of GDPSource & definition ↗

Money & public finance

Consumer inflation4.07%2025 · annual %Source & definition ↗
Central government debtNot available% of GDP
Tax revenue18.76%2024 · % of GDPSource & definition ↗
Government cash surplus / deficitNot available% of GDP
Domestic credit to private sector56.31%2025 · % of GDPSource & definition ↗
Total reserves including gold$5.8B2025 · current US$Source & definition ↗

Infrastructure

Internet use93.10%2025 · % of populationSource & definition ↗
Access to electricity100.00%2024 · % of populationSource & definition ↗

Geography

Surface area25,7102023 · square kmSource & definition ↗

Government debt covers central government, which can differ substantially from general-government debt. Indicator definitions, estimation methods and coverage differ. Latest available does not mean current-year: older observations remain explicitly dated. Source: World Bank WDI and its underlying contributors.

i

Every forecast has a boundary.This is a dated research snapshot, not an automatically updating market feed. Source gaps, model limitations, and adverse results are retained.

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