Country comparison Montenegro vs North Macedonia

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Gouvernement
GDP Growth (%) [+]20243.2%chart3.0%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q33,333Kchart2,369K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€7,645Mchart€15,672M2024Annual GDP [+]
Annual GDP [+]2024$8,272Mchart$16,679M2024Annual GDP [+]
GDP per capita [+]2024€12,260chart€8,5902024GDP per capita [+]
GDP per capita [+]2024$13,259chart$9,1692024GDP per capita [+]
Quarterly GDP [+]2025Q3€2,077Mchart€4,318M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]20244,645chart8,4522024Debt (M.€.) [+]
Debt ($M) [+]20245,026chart9,1462024Debt ($M) [+]
Debt (%GDP) [+]202460.76%chart54.83%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€7,452chart€4,6372024Debt Per Capita [+]
Debt Per Capita [+]2024$8,063chart$5,0182024Debt Per Capita [+]
Deficit (M.€) [+]2024-215chart-6852024Deficit (M.€) [+]
Deficit ($M) [+]2024-233chart-7422024Deficit ($M) [+]
Deficit (%GDP) [+]2024-2.81%chart-4.45%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]20243,324.0chart5,661.12024Expenditure (M.€) [+]
Expenditure ($M) [+]20243,596.6chart6,125.62024Expenditure ($M) [+]
139.92002Education Expenditure (M.€) [+]
132.62002Education Expenditure ($M) [+]
8.64%2002Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]2023466.2chart623.62023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]2023504.1chart674.32023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202316.60%chart12.05%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2024140.1chart329.72024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2024151.6chart350.82024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20244.19%chart5.55%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202443.48%chart36.73%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€5,333chart€3,1062024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$5,770chart$3,3612024Expenditure Per Capita [+]
€692002Education Expenditure P.C [+]
$652002Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€736chart€3402023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$796chart$3682023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€225chart€1812024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$243chart$1932024Defence Expenditure P.C. [+]
Moody's Rating [+]09/27/2024Ba3
S&P Rating [+]08/30/2024B+BB-05/24/2013S&P Rating [+]
BB+05/15/2020Fitch Rating [+]
Corruption Index [+]202346chart422023Corruption Index [+]
Competitiveness Ranking [+]201973ºchart82º2019Competitiveness Ranking [+]
Fragile States Index [+]202456.9chart58.12024Fragile States Index [+]
RTI Raking [+]202461ºchart26º2024RTI Raking [+]
Innovation Ranking [+]202465ºchart58º2024Innovation Ranking [+]
Labour
11.2%November 2025Unemployment Rate [+]
Unemployment rate [+]2023Q412.2%chart11.5%2025Q3Unemployment rate [+]
Unemployed [+]2023Q439Kchart92K2025Q3Unemployed [+]
NMW [+]2025$759.7chart$388.92023NMW [+]
NMW [+]2025€670.0chart€541.02025NMW [+]
67º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]01/16/20260.8608
Stock ExchangeYTD % [+]01/19/2026-1.12%chart0.95%01/16/2026Stock ExchangeYTD % [+]
Prices
HICP [+]December 20253.7%chart3.6%December 2025HICP [+]
PPI Year on Year [+]November 2025-0.5%chart4.6%November 2025PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%
Business
Doing Business [+]202050ºchart17º2020Doing Business [+]
IPI Year on Year [+]November 2025-17.6%chart-2.8%November 2025IPI Year on Year [+]
4,060December 2019Passengers vehicles Year [+]
2.24December 2019Annual Vehicles/ 1,000 p. [+]
205.562015Vehicles / 1,000 people [+]
Taxes
Standard VAT [+]01/01/201921.00%chart18.00%01/01/2006Standard VAT [+]
Top tax rate + SSC [+]20209.0%chart10.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]20222,036,000chart537,0002022Annual arrivals [+]
Exports [+]2024€614.9Mchart€7,783.5M2024Exports [+]
Exports [+]2024$665.6Mchart$8,424.7M2024Exports [+]
Exports % GDP [+]20248.04%chart49.67%2024Exports % GDP [+]
Imports [+]2024€4,068.0Mchart€11,065.7M2024Imports [+]
Imports [+]2024$4,403.1Mchart$11,977.3M2024Imports [+]
Imports % GDP [+]202453.21%chart70.61%2024Imports % GDP [+]
Trade balance [+]2024€-3,453.1Mchart€-3,282.2M2024Trade balance [+]
Trade balance [+]2024$-3,737.6Mchart$-3,552.6M2024Trade balance [+]
Trade balance % GDP [+]2024-45.17%chart-20.94%2024Trade balance % GDP [+]
Retail Sales YoY [+]November 2025-2.1%chart2.2%November 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201568º
Density [+]202445chart712024Density [+]
Global Peace Ranking [+]202435ºchart38º2024Global Peace Ranking [+]
Crude divorce rate [+]20211.20‰chart1.00‰2021Crude divorce rate [+]
Remittance received ($M) [+]2017426.3chart314.02017Remittance received ($M) [+]
% Immigrant [+]202011.44%chart6.35%2020% Immigrant [+]
% Emigrant [+]202021.42%chart33.54%2020% Emigrant [+]
Birth Rate [+]202411.20‰chart8.80‰2024Birth Rate [+]
Remittance sent ($M) [+]201775.6chart128.22017Remittance sent ($M) [+]
Crude death rate [+]202410.20‰chart11.10‰2024Crude death rate [+]
Fertility Rate [+]20231.76chart1.492023Fertility Rate [+]
Crude marriage rate [+]20215.20‰chart6.80‰2021Crude marriage rate [+]
% risk of poverty [+]202320.0%chart22.2%2023% risk of poverty [+]
Population [+]2024623,327chart1,822,6122024Population [+]
Immigrant stock [+]202070,999chart131,3112020Immigrant stock [+]
Emigrant stock [+]2020132,965chart693,8962020Emigrant stock [+]
HDI [+]20220.844chart0.7652022HDI [+]
Gender Gap Ranking [+]202467ºchart58º2024Gender Gap Ranking [+]
Life expectancy [+]202377.60chart75.322023Life expectancy [+]
Suicides [+]201569chart1222010Suicides [+]
Suicide rate [+]201511.07chart5.902010Suicide rate [+]
Number of homicides [+]20235chart282023Number of homicides [+]
Rate Homicides per 100.000 [+]20230.79chart1.532023Rate Homicides per 100.000 [+]
Energy and Environment
4.192023CO2 Tons per capita [+]
Consumption GWh [+]20232,719chart5,3642023Consumption GWh [+]
Generation GWh [+]20234,187chart6,2062023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/28/20252,654chart9,99112/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/28/2025251,280chart352,09312/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]08/26/2022284,869chart838,18105/07/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/28/20254,257.80chart5,481.6912/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]08/26/2022679,171chart1,862,98705/07/2023Doses administered [+]
Montenegro
North Macedonia