North Macedonia
North Macedonia, located in the region of Europe & Central Asia, is an internationally classified economy with a "Upper middle income" income level. It is home to a demographic force of approximately 1.8 million inhabitants.
From a quantitative perspective, Positioning itself as an export-oriented powerhouse, the export sector represents more than 59.6% of GDP, making it highly sensitive to global trade cycles. A sustained disinflationary cycle stands out positively, reducing the CPI by 5.3 points from its recent peaks. On a competitive level, it outperforms the regional average of Europe & Central Asia (1.7%) by a wide margin.
Delving deeper into its institutional metrics, The external profile shows vulnerability due to a deep trade deficit, where imports exceed exports by a margin of 13.7% of GDP.
Demographically, it faces the structural challenge of an aging workforce, with 18.5% over 65 years old.
Monetary Policy RateInterest rate set by the Central Bank. Determines the base cost of money in the economy.
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10-Year Bond YieldInterest paid by the government to borrow for 10 years. Reflects market confidence in its solvency.
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SpreadInterest rate difference compared to the safe-haven bond (US/Germany). Indicates the country risk premium.
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GDP Evolution (10 years)
$0.02T
+3.49%
Data from 2025
Historical Inflation (CPI)
4.1%
Data from 2025
GDP per Capita
$10,490
YEAR 2025
Unemployment
12.3%
YEAR 2025
Debt to GDP
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YEAR
Active Population
1.8M
YEAR 2025
Structural Metrics (Hedge Fund)
Population > 65 Years
18.5%
YEAR 2025
Gini IndexMeasures income inequality. 0 is total equality, 100 is extreme inequality.
33.5
YEAR 2019
Exports (% GDP)
59.6%
YEAR 2025
Imports (% GDP)
73.4%
YEAR 2025
FDI (% GDP)Foreign Direct Investment. Foreign capital productively invested in this economy.
3.5%
YEAR 2025
View Raw History (Structured Data)
| Year | GDP (USD) | Growth (%) | Inflation (%) | Unemployment (%) | Debt/GDP (%) | Exports (%GDP) | Imports (%GDP) | FDI (%GDP) |
|---|---|---|---|---|---|---|---|---|
| 2025 | $19.10B | 3.49 | 4.07 | 12.26 | --- | 59.65 | 73.39 | 3.54 |
| 2024 | $16.95B | 2.99 | 3.49 | 12.27 | --- | 61.68 | 74.65 | 6.23 |
| 2023 | $15.86B | 2.55 | 9.36 | 13.17 | --- | 67.40 | 80.40 | 4.05 |
| 2022 | $13.93B | 2.76 | 14.20 | 14.48 | --- | 72.79 | 93.36 | 6.13 |
| 2021 | $14.00B | 4.51 | 3.23 | 15.80 | --- | 65.44 | 81.28 | 4.97 |
| 2020 | $12.36B | -4.69 | 1.20 | 16.57 | --- | 57.77 | 70.47 | 0.06 |
| 2019 | $12.61B | 3.91 | 0.77 | 17.41 | --- | 62.41 | 76.17 | 4.36 |
| 2018 | $12.68B | 2.88 | 1.46 | 21.21 | --- | 60.38 | 72.84 | 5.11 |
| 2017 | $11.31B | 1.08 | 1.35 | 22.86 | --- | 55.15 | 68.99 | 3.37 |
| 2016 | $10.67B | 2.85 | -0.24 | 24.31 | --- | 50.66 | 65.52 | 5.15 |
