Europe & Central Asia · Upper middle income
North Macedonia: the economy in numbers
Per person: $10,490, or $28,029 at purchasing power parity. Population: 1.82 million (2025).
GDP in 2025, current US dollars: #135 of 204 economies. IMF forecast for 2026: +3.5%.
GDP
Adjusted for US inflation, in 2025 dollars: $11.6 billion in 1990, $19.1 billion in 2025.
GDP per capita
In 2025 dollars: $5,616 per person in 1990, $10,490 in 2025.
Real GDP growth
Average over 2016–2025: 2.2% a year. Years of falling GDP since 1991: 9 of 35.
Source: International Monetary Fund, World Economic Outlook (October 2026)
Inflation
Consumer prices rose by 99.4% from 2000 to 2025. Highest annual inflation: 338.7% in 1993. Years with inflation above 100%: 2. The chart cuts the scale at 100%; “Full scale” shows everything.
Source: International Monetary Fund, World Economic Outlook (October 2026)
Government debt, % of GDP
Highest since 1999: 54.0% of GDP in 2024. IMF forecast for 2031: 56.0%.
Population
1960: 1.44 million · 2025: 1.82 million.
Unemployment rate
1991: 24.5% · 2025: 12.3%.
Life expectancy at birth
1960: 60.5 years · 2024: 76.6 years.
Exports of goods and services
1990: 24.6% · 2025: 59.6%.
Data by year
Show the year-by-year table
| Year | GDP | GDP per capita | Per capita, PPP | Real growth | Inflation | Gov. debt, % GDP | Population | Unemployment | Life expectancy | Exports, % GDP |
|---|---|---|---|---|---|---|---|---|---|---|
| 2031 | 3.0%f | 2.0%f | 56.0%f | |||||||
| 2030 | 3.0%f | 2.5%f | 55.4%f | |||||||
| 2029 | 3.0%f | 3.0%f | 55.0%f | |||||||
| 2028 | 3.0%f | 3.4%f | 54.7%f | |||||||
| 2027 | 3.2%f | 4.5%f | 54.6%f | |||||||
| 2026 | 3.5%f | 4.0%f | 53.8%f | |||||||
| 2025 | $19.1B | $10,490 | $28,029 | 3.5% | 4.1% | 52.6% | 1.82M | 12.3% | 59.6% | |
| 2024 | $17B | $9,292 | $26,996 | 3.0% | 3.5% | 54.0% | 1.82M | 12.3% | 76.6 | 61.7% |
| 2023 | $15.9B | $8,674 | $25,354 | 2.6% | 9.4% | 50.6% | 1.83M | 13.2% | 75.3 | 67.4% |
| 2022 | $13.9B | $7,606 | $24,212 | 2.8% | 14.2% | 50.9% | 1.83M | 14.5% | 74.4 | 72.8% |
| 2021 | $14B | $7,621 | $22,144 | 4.5% | 3.2% | 52.8% | 1.84M | 15.8% | 73.2 | 65.4% |
| 2020 | $12.4B | $6,660 | $19,962 | −4.7% | 1.2% | 50.8% | 1.86M | 16.6% | 74.4 | 57.8% |
| 2019 | $12.6B | $6,719 | $20,222 | 3.9% | 0.8% | 40.5% | 1.88M | 17.4% | 76.6 | 62.4% |
| 2018 | $12.7B | $6,714 | $18,461 | 2.9% | 1.5% | 40.4% | 1.89M | 21.2% | 76.6 | 60.4% |
| 2017 | $11.3B | $5,955 | $17,161 | 1.1% | 1.4% | 39.4% | 1.9M | 22.9% | 76.0 | 55.1% |
| 2016 | $10.7B | $5,598 | $16,458 | 2.8% | −0.2% | 39.8% | 1.91M | 24.3% | 75.4 | 50.7% |
| 2015 | $10.1B | $5,263 | $15,034 | 3.9% | −0.3% | 38.0% | 1.91M | 26.4% | 75.4 | 48.7% |
| 2014 | $11.4B | $5,925 | $14,485 | 3.6% | −0.3% | 38.1% | 1.92M | 28.2% | 75.5 | 47.7% |
| 2013 | $10.8B | $5,626 | $13,663 | 2.9% | 2.8% | 34.1% | 1.92M | 29.0% | 75.4 | 43.4% |
| 2012 | $9.75B | $5,050 | $12,726 | −0.5% | 3.3% | 33.7% | 1.93M | 31.1% | 74.9 | 45.4% |
| 2011 | $10.5B | $5,417 | $12,421 | 2.3% | 3.9% | 27.7% | 1.94M | 31.5% | 75.1 | 47.1% |
| 2010 | $9.41B | $4,833 | $11,992 | 3.4% | 1.5% | 24.3% | 1.95M | 33.1% | 75.0 | 39.8% |
| 2009 | $9.4B | $4,800 | $11,532 | −0.4% | −0.7% | 23.8% | 1.96M | 32.4% | 74.4 | 32.8% |
| 2008 | $9.91B | $5,026 | $10,924 | 5.5% | 8.3% | 20.4% | 1.97M | 33.9% | 74.4 | 43.2% |
| 2007 | $8.34B | $4,204 | $9,639 | 6.5% | 2.3% | 23.5% | 1.98M | 35.2% | 73.8 | 44.1% |
| 2006 | $6.86B | $3,440 | $8,888 | 5.1% | 3.2% | 30.6% | 1.99M | 36.4% | 73.9 | 37.8% |
| 2005 | $6.26B | $3,121 | $7,972 | 4.7% | 0.5% | 36.7% | 2.01M | 37.3% | 73.7 | 34.8% |
| 2004 | $5.68B | $2,819 | $7,229 | 4.7% | −0.4% | 34.6% | 2.02M | 37.2% | 73.6 | 30.7% |
| 2003 | $4.95B | $2,445 | $6,608 | 2.2% | 0.9% | 36.5% | 2.02M | 36.7% | 73.2 | 27.7% |
| 2002 | $4.02B | $1,989 | $6,395 | 1.5% | 2.3% | 40.5% | 2.02M | 31.9% | 73.0 | 26.3% |
| 2001 | $3.71B | $1,823 | $6,051 | −3.1% | 5.2% | 45.2% | 2.03M | 30.5% | 73.4 | 29.2% |
| 2000 | $3.77B | $1,862 | $6,154 | 4.5% | 6.6% | 45.6% | 2.03M | 32.2% | 72.9 | 32.9% |
| 1999 | $3.86B | $1,915 | $5,724 | 4.3% | −1.3% | 29.8% | 2.02M | 32.4% | 72.8 | 23.0% |
| 1998 | $3.77B | $1,876 | $5,448 | 3.4% | 0.5% | 2.01M | 34.5% | 72.3 | 23.3% | |
| 1997 | $3.91B | $1,960 | $5,227 | 1.4% | 1.3% | 2.0M | 36.0% | 72.4 | 23.5% | |
| 1996 | $4.64B | $2,307 | $5,026 | 1.2% | 2.5% | 2.01M | 38.8% | 72.5 | 21.3% | |
| 1995 | $4.71B | $2,355 | $4,912 | −1.1% | 16.4% | 2.0M | 35.6% | 71.8 | 31.4% | |
| 1994 | $3.56B | $1,786 | $4,880 | −1.8% | 126.6% | 1.99M | 30.0% | 71.7 | 36.3% | |
| 1993 | $2.68B | $1,337 | $4,829 | −7.5% | 338.7% | 2.01M | 27.7% | 71.6 | 44.4% | |
| 1992 | $2.44B | $1,199 | $5,033 | −6.6% | 2.03M | 26.3% | 71.1 | 51.7% | ||
| 1991 | $4.94B | $2,402 | $5,207 | −6.2% | 2.06M | 24.5% | 71.6 | 21.8% | ||
| 1990 | $4.7B | $2,277 | $5,348 | 2.06M | 71.2 | 24.6% | ||||
| 1989 | 2.06M | 71.0 | ||||||||
| 1988 | 2.05M | 70.3 | ||||||||
| 1987 | 2.04M | 70.3 | ||||||||
| 1986 | 2.02M | 70.2 | ||||||||
| 1985 | 2.01M | 70.1 | ||||||||
| 1984 | 2.0M | 70.1 | ||||||||
| 1983 | 1.99M | 69.6 | ||||||||
| 1982 | 1.98M | 69.7 | ||||||||
| 1981 | 1.96M | 69.3 | ||||||||
| 1980 | 1.93M | 69.0 | ||||||||
| 1979 | 1.91M | 69.1 | ||||||||
| 1978 | 1.88M | 69.0 | ||||||||
| 1977 | 1.85M | 68.1 | ||||||||
| 1976 | 1.83M | 67.8 | ||||||||
| 1975 | 1.8M | 67.2 | ||||||||
| 1974 | 1.77M | 67.0 | ||||||||
| 1973 | 1.74M | 67.0 | ||||||||
| 1972 | 1.72M | 65.6 | ||||||||
| 1971 | 1.69M | 65.1 | ||||||||
| 1970 | 1.66M | 64.9 | ||||||||
| 1969 | 1.64M | 63.9 | ||||||||
| 1968 | 1.61M | 64.5 | ||||||||
| 1967 | 1.58M | 63.7 | ||||||||
| 1966 | 1.56M | 63.5 | ||||||||
| 1965 | 1.53M | 62.6 | ||||||||
| 1964 | 1.51M | 61.5 | ||||||||
| 1963 | 1.49M | 61.4 | ||||||||
| 1962 | 1.47M | 59.3 | ||||||||
| 1961 | 1.46M | 61.8 | ||||||||
| 1960 | 1.44M | 60.5 |
e: IMF estimate; f: IMF forecast. Inflation: IMF data for 1993, World Bank for the other years.
Nearby economies in Europe & Central Asia
Nearest by distance between capitals, with GDP per capita.
Albania · Andorra · Armenia · Austria · Azerbaijan · Belarus · Belgium · Bosnia and Herzegovina · Bulgaria · Channel Islands · Croatia · Cyprus · Czechia · Denmark · Estonia · Faroe Islands · Finland · France · Georgia · Germany · Gibraltar · Greece · Greenland · Hungary · Iceland · Ireland · Isle of Man · Italy · Kazakhstan · Kosovo · Kyrgyzstan · Latvia · Liechtenstein · Lithuania · Luxembourg · Moldova · Monaco · Montenegro · Netherlands · North Macedonia · Norway · Poland · Portugal · Romania · Russia · San Marino · Serbia · Slovakia · Slovenia · Spain · Sweden · Switzerland · Tajikistan · Turkmenistan · Türkiye · Ukraine · United Kingdom · Uzbekistan
Rankings
GDP by country · GDP per capita · Real GDP growth · Inflation by country · Government debt to GDP · Stock market to GDP · Population by country · Unemployment by country
Data and methods
- GDP: gross domestic product in current US dollars, converted from the local currency at market exchange rates (World Bank); not adjusted for inflation.
- Purchasing power parity (PPP): GDP per person in international dollars, which buy the same basket of goods and services in every country. It compares living standards across countries in the same year; it is not adjusted for inflation over time.
- In 2025 dollars: the charts can remove US inflation (US consumer price index, annual average) so that dollar amounts from different years compare in today's money. Exchange rate swings still show.
- Growth and inflation: World Bank data (calendar years). Years the World Bank does not cover yet, and the estimates and forecasts, come from the IMF World Economic Outlook (October 2026): its forecasts start in 2026, and the years after a country's last actual year are IMF estimates.
- Government debt: gross debt of the general government (central, state and local government and social security funds) as a percentage of GDP, IMF. The World Bank's central government debt is narrower and covers fewer countries.
- Stock market capitalization: the end-of-year value of domestic companies listed on the country's exchanges (World Federation of Exchanges via the World Bank; before 2016, Standard & Poor's), as a percentage of GDP: the “Buffett indicator”. Investment funds are excluded, and so are companies listed only abroad; companies from elsewhere that list on an exchange count for its country (Hong Kong lists many mainland Chinese companies).
- Unemployment: ILO modeled estimates (share of the labor force); comparable across countries, but they may differ from national figures.
Source: World Bank, World Development Indicators (CC BY 4.0)
Source: International Monetary Fund, World Economic Outlook (October 2026)