Country comparison North Macedonia vs Armenia

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Gouvernement
GDP Growth (%) [+]20243.0%chart5.9%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q32,369K
Annual GDP [+]2024€15,672Mchart€23,987M2024Annual GDP [+]
Annual GDP [+]2024$16,679Mchart$25,955M2024Annual GDP [+]
GDP per capita [+]2024€8,590chart€7,6992024GDP per capita [+]
GDP per capita [+]2024$9,169chart$8,3302024GDP per capita [+]
Quarterly GDP [+]2025Q3€4,318M
Debt (M.€.) [+]20248,452chart11,9842024Debt (M.€.) [+]
Debt ($M) [+]20249,146chart12,9672024Debt ($M) [+]
Debt (%GDP) [+]202454.83%chart49.96%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€4,637chart€3,8962024Debt Per Capita [+]
Debt Per Capita [+]2024$5,018chart$4,2152024Debt Per Capita [+]
Deficit (M.€) [+]2024-685chart-8852024Deficit (M.€) [+]
Deficit ($M) [+]2024-742chart-9582024Deficit ($M) [+]
Deficit (%GDP) [+]2024-4.45%chart-3.69%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]20245,661.1chart6,954.42024Expenditure (M.€) [+]
Expenditure ($M) [+]20246,125.6chart7,525.02024Expenditure ($M) [+]
Education Expenditure (M.€) [+]2002139.9chart545.32023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]2002132.6chart587.42023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20028.64%chart8.71%2025Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]2023623.6chart327.82023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]2023674.3chart354.72023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202312.05%chart5.46%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2024329.7chart1,314.92024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2024350.8chart1,422.82024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20245.55%chart18.33%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202436.73%chart28.99%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€3,106chart€2,2612024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$3,361chart$2,4462024Expenditure Per Capita [+]
Education Expenditure P.C [+]2002€69chart€1802023Education Expenditure P.C [+]
Education Expenditure P.C [+]2002$65chart$1942023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€340chart€1112023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$368chart$1202023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€181chart€4222024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$193chart$4572024Defence Expenditure P.C. [+]
Ba306/26/2025Moody's Rating [+]
S&P Rating [+]05/24/2013BB-BB-08/25/2023S&P Rating [+]
Fitch Rating [+]05/15/2020BB+B+10/15/2020Fitch Rating [+]
Corruption Index [+]202342chart472023Corruption Index [+]
Competitiveness Ranking [+]201982ºchart69º2019Competitiveness Ranking [+]
Fragile States Index [+]202458.1chart68.12024Fragile States Index [+]
RTI Raking [+]202426ºchart38º2024RTI Raking [+]
Innovation Ranking [+]202458ºchart63º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]November 202511.2%
Unemployment rate [+]2025Q311.5%chart6.7%2022Q4Unemployment rate [+]
Unemployed [+]2025Q392Kchart115K2022Q4Unemployed [+]
NMW [+]2023$388.9chart$185.32024NMW [+]
NMW [+]2025€541.0chart€167.52024NMW [+]
Human Capital Ranking [+]201767ºchart49º2017Human Capital Ranking [+]
Markets
440.420001/19/2026Euro / Dram [+]
378.890001/19/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]01/16/20260.95%
Prices
2.7%April 2025CPI (overall index) [+]
HICP [+]December 20253.6%
PPI Year on Year [+]November 20254.6%
Money Market
6.50%12/16/2025Key rates [+]
Business
Doing Business [+]202017ºchart47º2020Doing Business [+]
IPI Year on Year [+]November 2025-2.8%
Passengers vehicles Year [+]December 20194,060chart970December 2019Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 20192.24chart0.41December 2019Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2015205.56
Taxes
22.7%2022Tax Revenue (%GDP) [+]
Standard VAT [+]01/01/200618.00%chart20.00%01/01/2006Standard VAT [+]
Top tax rate + SSC [+]202010.0%chart23.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2022537,000chart1,666,0002022Annual arrivals [+]
Exports [+]2024€7,783.5Mchart€7,782.5M2023Exports [+]
Exports [+]2024$8,424.7Mchart$8,415.2M2023Exports [+]
Exports % GDP [+]202449.67%chart34.80%2023Exports % GDP [+]
Imports [+]2024€11,065.7Mchart€11,382.6M2023Imports [+]
Imports [+]2024$11,977.3Mchart$12,308.0M2023Imports [+]
Imports % GDP [+]202470.61%chart50.90%2023Imports % GDP [+]
Trade balance [+]2024€-3,282.2Mchart€-3,600.1M2023Trade balance [+]
Trade balance [+]2024$-3,552.6Mchart$-3,892.8M2023Trade balance [+]
Trade balance % GDP [+]2024-20.94%chart-16.10%2023Trade balance % GDP [+]
Retail Sales YoY [+]November 20252.2%
Socio-Demography
43º2015Global AgeWatch Ranking [+]
Density [+]202471chart1032024Density [+]
Global Peace Ranking [+]202438ºchart77º2024Global Peace Ranking [+]
Crude divorce rate [+]20211.00‰chart1.50‰2023Crude divorce rate [+]
Remittance received ($M) [+]2017314.0chart1,539.02017Remittance received ($M) [+]
% Immigrant [+]20206.35%chart6.42%2020% Immigrant [+]
% Emigrant [+]202033.54%chart32.34%2020% Emigrant [+]
Birth Rate [+]20248.80‰chart11.10‰2024Birth Rate [+]
Remittance sent ($M) [+]2017128.2chart292.22017Remittance sent ($M) [+]
Crude death rate [+]202411.10‰chart8.40‰2024Crude death rate [+]
Fertility Rate [+]20231.49chart1.902023Fertility Rate [+]
Crude marriage rate [+]20216.80‰chart5.50‰2023Crude marriage rate [+]
% risk of poverty [+]202322.2%chart23.7%2023% risk of poverty [+]
Population [+]20241,822,612chart3,076,2522024Population [+]
Immigrant stock [+]2020131,311chart190,3492020Immigrant stock [+]
Emigrant stock [+]2020693,896chart958,1902020Emigrant stock [+]
HDI [+]20220.765chart0.7862022HDI [+]
Gender Gap Ranking [+]202458ºchart64º2024Gender Gap Ranking [+]
Life expectancy [+]202375.32chart77.472023Life expectancy [+]
Suicides [+]2010122chart1622015Suicides [+]
Suicide rate [+]20105.90chart5.392015Suicide rate [+]
Number of homicides [+]202328chart652023Number of homicides [+]
Rate Homicides per 100.000 [+]20231.53chart2.212023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20234.19chart2.632023CO2 Tons per capita [+]
Consumption GWh [+]20235,364chart7,0122023Consumption GWh [+]
Generation GWh [+]20236,206chart8,6482023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/28/20259,991chart8,78512/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/28/2025352,093chart454,86512/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]05/07/2023838,181chart1,030,75810/01/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/28/20255,481.69chart2,855.7512/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]05/07/20231,862,987chart2,256,91910/01/2023Doses administered [+]
North Macedonia
Armenia