North Macedonia Republic of Macedonia

Subscribe to our free email alert service

North Macedonia, is a country located at Southern Europe, it has an area of 25,710 Km2 and it may be considered quite a small country.

North Macedonia, with a population of 2,068,808 people, it is one of the least populous country in the world and it has a moderate population density, 80 people per km2.

It's capital is Skopje and its currency is Macedonian denars

North Macedonia is holding the 135 position by nominal GDP. Its national debt in 2021 was 6,247 millions of euros (7,389 millions of dollars), ( 53.2% debt-to-GDP ratio) and its public debt per capita is €3,019 euros per inhabitant$3,572 dollars per inhabitant.

In terms of the human development index (HDI) of North Macedonia, which is the index used by the United Nations to measure the progress of a country, was 0.774 points in 2019, leaving it in 82th place in the table of 189 countries published.

If the reason to visit North Macedonia are business, you must know it's in the 10th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of North Macedonia, if you want to see information about other countries click here

Skopje: Monthly Temp.
Skopje: Monthly Rainfall
North Macedonia Economy
Gouvernement
Qu. GDP Per Capita [+]2021Q41,489K
Annual GDP [+]2021€11,734M
Annual GDP [+]2021$13,889M
GDP per capita [+]2021€5,676
GDP per capita [+]2021$6,714
Quarterly GDP [+]2021Q4€3,081M
Debt (M.€.) [+]20216,247
Debt ($M) [+]20217,389
Debt (%GDP) [+]202153.20%
Debt Per Capita [+]2021€3,019
Debt Per Capita [+]2021$3,572
Deficit (M.€) [+]2021-630
Deficit ($M) [+]2021-745
Deficit (%GDP) [+]2021-5.36%
Expenditure (M.€) [+]20214,177.0
Expenditure ($M) [+]20214,940.9
Education Expenditure (M.€) [+]2002139.9
Education Expenditure ($M) [+]2002131.7
Education Expenditure (%Bud.) [+]20028.64%
Gov. Health Exp. (M.€) [+]2017409.9
Gov. Health Exp.($M) [+]2017462.9
Gov. Health Exp. (%Bud.) [+]201712.82%
Defence Expenditure (M.€) [+]2020136.6
Defence Expenditure ($M) [+]2020155.9
Defence Expenditure (%Bud.) [+]20203.61%
Expenditure (%GDP) [+]202135.57%
Expenditure Per Capita [+]2021€2,019
Expenditure Per Capita [+]2021$2,388
Education Expenditure P.C [+]2002€69
Education Expenditure P.C [+]2002$65
Gov. Health Exp. P.C. [+]2017€196
Gov. Health Exp. P.C. [+]2017$221
Defence Expenditure P.C. [+]2020€66
Defence Expenditure P.C. [+]2020$75
S&P Rating [+]05/24/2013BB-
Fitch Rating [+]05/15/2020BB+
Corruption Index [+]202139
Competitiveness Ranking [+]201982º
Fragile States Index [+]201864.8
RTI Raking [+]09/28/201821º
Innovation Ranking [+]201884º
Labour
Unemployment rate [+]2020Q416.2%
Unemployed [+]2020Q4152K
NMW [+]2020$389.8
NMW [+]2021€359.0
Human Capital Ranking [+]201767º
Markets
Stock ExchangeYTD % [+]05/27/2022-3.29%
Prices
HICP [+]April 202210.6%
PPI Year on Year [+]March 202222.3%
Business
Doing Business [+]201910º
IPI Year on Year [+]March 20223.2%
Passengers vehicles Year [+]December 20194,060
Annual Vehicles/ 1,000 p. [+]December 20192.24
Vehicles / 1,000 people [+]2015205.56
Taxes
Standard VAT [+]01/01/200618.00%
Top tax rate + SSC [+]202010.0%
Trade
Annual arrivals [+]2019757,593
Exports [+]2021€6,921.8M
Exports [+]2021$7,515.8M
Exports % GDP [+]202158.99%
Imports [+]2021€9,637.5M
Imports [+]2021$10,300.0M
Imports % GDP [+]202182.13%
Trade balance [+]2021€-2,715.7M
Trade balance [+]2021$-2,784.2M
Trade balance % GDP [+]2021-23.14%
Retail Sales YoY [+]March 20223.0%
Socio-Demography
Density [+]202080
Global Peace Ranking [+]202140º
Crude divorce rate [+]20200.80‰
Remittance received ($M) [+]2017314.0
% Immigrant [+]20196.32%
% Emigrant [+]201931.70%
Birth Rate [+]20209.20‰
Remittance sent ($M) [+]2017128.2
Crude death rate [+]202012.40‰
Fertility Rate [+]20201.31
Crude marriage rate [+]20205.00‰
% risk of poverty [+]202021.8%
Population [+]20202,068,808
Immigrant stock [+]2019131,175
Emigrant stock [+]2019658,264
HDI [+]20190.774
Gender Gap Ranking [+]202070º
Life expectancy [+]202074.40
Suicides [+]2010122
Suicide rate [+]20105.90
Number of homicides [+]201924
Rate Homicides per 100.000 [+]20191.15
Energy and Environment
CO2 Tons per capita [+]20203.69
Consumption GWh [+]20196,351
Generation GWh [+]20205,026
Others
COVID-19 - Deaths [+]05/25/20229,300
COVID-19 - Confirmed [+]05/25/2022311,484
Fully vaccinated [+]05/08/2022836,961
COVID-19 - Deaths per million population [+]05/25/20224,495.34
Doses administered [+]05/08/20221,848,141