Macro‑Economic Monitor

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North Macedonia economy

North Macedonia’s economy grew 3.5% in 2025, faster than the world as a whole (2.9%). Consumer prices rose 4.1% in 2025, and 12.3% of the labour force was out of work.

IndicatorLatestYear
Real GDP growth3.5%2025
Inflation (consumer prices)4.1%2025
Unemployment12.3%2025
GDP (US dollars)$19.1 bn2025
GDP per person (US dollars)$10,4902025
GDP per person (PPP, international dollars)$26,9952024
Current account balance, % of GDP−4.3%2025
Budget balance, % of GDP−4.3%2024
Extreme poverty, % of people below $3.00 a day3.9%2019
Population1.8 m2025
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Source: World Bank, World Development Indicators (CC BY 4.0). Data release 2026-10-22. Figures are revised by their publishers.