Country comparison Armenia vs North Macedonia

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Gouvernement
GDP Growth (%) [+]20245.9%chart3.0%2024GDP Growth (%) [+]
2,369K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€23,987Mchart€15,672M2024Annual GDP [+]
Annual GDP [+]2024$25,955Mchart$16,679M2024Annual GDP [+]
GDP per capita [+]2024€7,699chart€8,5902024GDP per capita [+]
GDP per capita [+]2024$8,330chart$9,1692024GDP per capita [+]
€4,318M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202411,984chart8,4522024Debt (M.€.) [+]
Debt ($M) [+]202412,967chart9,1462024Debt ($M) [+]
Debt (%GDP) [+]202449.96%chart54.83%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€3,896chart€4,6372024Debt Per Capita [+]
Debt Per Capita [+]2024$4,215chart$5,0182024Debt Per Capita [+]
Deficit (M.€) [+]2024-885chart-6852024Deficit (M.€) [+]
Deficit ($M) [+]2024-958chart-7422024Deficit ($M) [+]
Deficit (%GDP) [+]2024-3.69%chart-4.45%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]20246,954.4chart5,661.12024Expenditure (M.€) [+]
Expenditure ($M) [+]20247,525.0chart6,125.62024Expenditure ($M) [+]
Education Expenditure (M.€) [+]2023545.3chart139.92002Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]2023587.4chart132.62002Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20258.71%chart8.64%2002Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]2023327.8chart623.62023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]2023354.7chart674.32023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20235.46%chart12.05%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart329.72024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,422.8chart350.82024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]202418.33%chart5.55%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202428.99%chart36.73%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€2,261chart€3,1062024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$2,446chart$3,3612024Expenditure Per Capita [+]
Education Expenditure P.C [+]2023€180chart€692002Education Expenditure P.C [+]
Education Expenditure P.C [+]2023$194chart$652002Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€111chart€3402023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$120chart$3682023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€422chart€1812024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$457chart$1932024Defence Expenditure P.C. [+]
Moody's Rating [+]06/26/2025Ba3
S&P Rating [+]08/25/2023BB-BB-05/24/2013S&P Rating [+]
Fitch Rating [+]10/15/2020B+BB+05/15/2020Fitch Rating [+]
Corruption Index [+]202347chart422023Corruption Index [+]
Competitiveness Ranking [+]201969ºchart82º2019Competitiveness Ranking [+]
Fragile States Index [+]202468.1chart58.12024Fragile States Index [+]
RTI Raking [+]202438ºchart26º2024RTI Raking [+]
Innovation Ranking [+]202463ºchart58º2024Innovation Ranking [+]
Labour
11.0%December 2025Unemployment Rate [+]
Unemployment rate [+]2022Q46.7%chart11.5%2025Q3Unemployment rate [+]
Unemployed [+]2022Q4115Kchart92K2025Q3Unemployed [+]
NMW [+]2024$185.3chart$388.92023NMW [+]
NMW [+]2024€167.5chart€586.02026NMW [+]
Human Capital Ranking [+]201749ºchart67º2017Human Capital Ranking [+]
Markets
Euro / Dram [+]02/17/2026446.2800
US Dollar exchange rate [+]02/17/2026376.8300
0.99%02/17/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]April 20252.7%
3.6%December 2025HICP [+]
5.0%December 2025PPI Year on Year [+]
Money Market
Key rates [+]12/16/20256.50%
Business
Doing Business [+]202047ºchart17º2020Doing Business [+]
2.4%December 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 2019970chart4,060December 2019Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 20190.41chart2.24December 2019Annual Vehicles/ 1,000 p. [+]
205.562015Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202323.5%
Standard VAT [+]01/01/200620.00%chart18.00%01/01/2006Standard VAT [+]
Top tax rate + SSC [+]202023.0%chart10.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]20221,666,000chart537,0002022Annual arrivals [+]
Exports [+]2023€7,782.5Mchart€8,008.2M2025Exports [+]
Exports [+]2023$8,415.2Mchart$9,049.1M2025Exports [+]
Exports % GDP [+]202334.80%chart49.67%2024Exports % GDP [+]
Imports [+]2023€11,382.6Mchart€11,545.5M2025Imports [+]
Imports [+]2023$12,308.0Mchart$13,046.2M2025Imports [+]
Imports % GDP [+]202350.90%chart70.61%2024Imports % GDP [+]
Trade balance [+]2023€-3,600.1Mchart€-3,537.3M2025Trade balance [+]
Trade balance [+]2023$-3,892.8Mchart$-3,997.1M2025Trade balance [+]
Trade balance % GDP [+]2023-16.10%chart-20.94%2024Trade balance % GDP [+]
2.2%November 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201543º
Density [+]2024103chart712024Density [+]
Global Peace Ranking [+]202477ºchart38º2024Global Peace Ranking [+]
Crude divorce rate [+]20231.50‰chart1.00‰2021Crude divorce rate [+]
Remittance received ($M) [+]20171,539.0chart314.02017Remittance received ($M) [+]
% Immigrant [+]20206.42%chart6.35%2020% Immigrant [+]
% Emigrant [+]202032.34%chart33.54%2020% Emigrant [+]
Birth Rate [+]202411.10‰chart8.80‰2024Birth Rate [+]
Remittance sent ($M) [+]2017292.2chart128.22017Remittance sent ($M) [+]
Crude death rate [+]20248.40‰chart11.10‰2024Crude death rate [+]
Fertility Rate [+]20231.90chart1.442024Fertility Rate [+]
Crude marriage rate [+]20235.50‰chart6.80‰2021Crude marriage rate [+]
% risk of poverty [+]202323.7%chart22.2%2023% risk of poverty [+]
Population [+]20243,076,252chart1,822,6122024Population [+]
Immigrant stock [+]2020190,349chart131,3112020Immigrant stock [+]
Emigrant stock [+]2020958,190chart693,8962020Emigrant stock [+]
HDI [+]20220.786chart0.7652022HDI [+]
Gender Gap Ranking [+]202464ºchart58º2024Gender Gap Ranking [+]
Life expectancy [+]202377.47chart75.322023Life expectancy [+]
Suicides [+]2015162chart1222010Suicides [+]
Suicide rate [+]20155.39chart5.902010Suicide rate [+]
Number of homicides [+]202365chart282023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.21chart1.532023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20232.63chart4.192023CO2 Tons per capita [+]
Consumption GWh [+]20237,012chart5,3642023Consumption GWh [+]
Generation GWh [+]20238,648chart6,2062023Generation GWh [+]
Others
COVID-19 - Deaths [+]01/18/20268,785chart9,99101/18/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]01/18/2026454,891chart352,09301/18/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]10/01/20231,030,758chart838,18105/07/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]01/18/20262,855.75chart5,481.6901/18/2026COVID-19 - Deaths per million population [+]
Doses administered [+]10/01/20232,256,919chart1,862,98705/07/2023Doses administered [+]
Armenia
North Macedonia