North Macedonia Republic of Macedonia

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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 1,829,954 people, it is one of the least populous country in the world and it has a moderate population density, 71 people per km2.

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

North Macedonia is holding the 137 position by nominal GDP. Its national debt in 2022 was 6,720 millions of euros (7,082 millions of dollars), ( 52.1% debt-to-GDP ratio) and its public debt per capita is €3,672 euros per inhabitant$3,870 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 0.77 points in 2021, leaving it in 78th place in the table of 191 countries published.

If the reason to visit North Macedonia are business, you must know it's in the 17th 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 [+]2023Q41,933K
Annual GDP [+]2023€13,655M
Annual GDP [+]2023$14,766M
GDP per capita [+]2023€7,462
GDP per capita [+]2023$8,069
Quarterly GDP [+]2023Q4€3,537M
Debt (M.€.) [+]20226,720
Debt ($M) [+]20227,082
Debt (%GDP) [+]202252.10%
Debt Per Capita [+]2022€3,672
Debt Per Capita [+]2022$3,870
Deficit (M.€) [+]2022-575
Deficit ($M) [+]2022-606
Deficit (%GDP) [+]2022-4.46%
Expenditure (M.€) [+]20224,522.8
Expenditure ($M) [+]20224,766.4
Education Expenditure (M.€) [+]2002139.9
Education Expenditure ($M) [+]2002131.7
Education Expenditure (%Bud.) [+]20028.64%
Gov. Health Exp. (M.€) [+]2019480.6
Gov. Health Exp.($M) [+]2019538.0
Gov. Health Exp. (%Bud.) [+]201712.82%
Defence Expenditure (M.€) [+]2022209.2
Defence Expenditure ($M) [+]2022218.2
Defence Expenditure (%Bud.) [+]20224.59%
Expenditure (%GDP) [+]202235.07%
Expenditure Per Capita [+]2022€2,472
Expenditure Per Capita [+]2022$2,605
Education Expenditure P.C [+]2002€69
Education Expenditure P.C [+]2002$65
Gov. Health Exp. P.C. [+]2019€231
Gov. Health Exp. P.C. [+]2019$259
Defence Expenditure P.C. [+]2022€101
Defence Expenditure P.C. [+]2022$106
S&P Rating [+]05/24/2013BB-
Fitch Rating [+]05/15/2020BB+
Corruption Index [+]202240
Competitiveness Ranking [+]201982º
Fragile States Index [+]201864.8
RTI Raking [+]202226º
Innovation Ranking [+]201884º
Labour
Unemployment rate [+]2023Q312.9%
Unemployed [+]2023Q3102K
NMW [+]2022$448.0
NMW [+]2021€353.0
Human Capital Ranking [+]201767º
Markets
Stock ExchangeYTD % [+]04/15/202415.44%
Prices
HICP [+]February 20243.9%
PPI Year on Year [+]February 2024-1.9%
Business
Doing Business [+]202017º
IPI Year on Year [+]February 20240.3%
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 [+]2023€8,323.0M
Exports [+]2023$8,999.7M
Exports % GDP [+]202360.95%
Imports [+]2023€11,148.7M
Imports [+]2023$12,055.1M
Imports % GDP [+]202381.64%
Trade balance [+]2023€-2,825.7M
Trade balance [+]2023$-3,055.4M
Trade balance % GDP [+]2023-20.69%
Retail Sales YoY [+]December 2023-3.3%
Socio-Demography
Density [+]202271
Global Peace Ranking [+]202338º
Crude divorce rate [+]20211.00‰
Remittance received ($M) [+]2017314.0
% Immigrant [+]20206.35%
% Emigrant [+]202033.54%
Birth Rate [+]20229.90‰
Remittance sent ($M) [+]2017128.2
Crude death rate [+]202212.20‰
Fertility Rate [+]20221.58
Crude marriage rate [+]20216.80‰
% risk of poverty [+]202021.8%
Population [+]20221,829,954
Immigrant stock [+]2020131,311
Emigrant stock [+]2020693,896
HDI [+]20210.770
Gender Gap Ranking [+]202373º
Life expectancy [+]202173.20
Suicides [+]2010122
Suicide rate [+]20105.90
Number of homicides [+]202218
Rate Homicides per 100.000 [+]20220.86
Energy and Environment
CO2 Tons per capita [+]20213.59
Consumption GWh [+]20216,732
Generation GWh [+]20215,235
Others
COVID-19 - Deaths [+]03/31/20249,977
COVID-19 - Confirmed [+]03/31/2024350,579
Fully vaccinated [+]05/07/2023838,181
COVID-19 - Deaths per million population [+]03/31/20245,452.05
Doses administered [+]05/07/20231,862,987