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North Macedonia Economic Statistics (2026)

1980

2026

2031

1980

2026

2031

What to know

Output per head in North Macedonia reaches $31,746 (PPP) in 2026, an upper-middle income level. The economy is worth about $22 billion in total. Over the preceding five years it has grown at about 3.2% a year. Inflation is 4.5% and unemployment 11.5%. Government debt is 53% of GDP. Its current account is in deficit, at 5.0% of GDP.

Key statistics for 2026

GDP per capita (PPP)

$31,746

GDP growth

+3.1%

Inflation rate

4.5%

Unemployment

11.5%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Output & Growth

Total GDP is $22 billion, with steady growth of 3.1% in 2026.

Living Standards

GDP per capita is $11,967 in nominal terms, but $31,746 when adjusted for local purchasing power, indicating lower prices than in the US.

Prices & Employment

The economy is experiencing moderate inflation at 4.5% and high unemployment at 11.5%.

Government Finances

Government debt is moderate at 53% of GDP. The government spends more than it collects (revenue: 32.0%, expenditure: 36.2% of GDP).

External & Fiscal Balance

The country is running a fiscal deficit of 4.2% and a current account deficit of 5.0% of GDP.

The bottom line

North Macedonia has an upper-middle income economy with GDP per capita (PPP) of $32k. Unemployment is elevated at 11.5%.

What to know

Output per head in North Macedonia reaches $31,746 (PPP) in 2026, an upper-middle income level. The economy is worth about $22 billion in total. Over the preceding five years it has grown at about 3.2% a year. Inflation is 4.5% and unemployment 11.5%. Government debt is 53% of GDP. Its current account is in deficit, at 5.0% of GDP.

Key statistics for 2026

GDP per capita (PPP)

$31,746

GDP growth

+3.1%

Inflation rate

4.5%

Unemployment

11.5%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Output & Growth

Total GDP is $22 billion, with steady growth of 3.1% in 2026.

Living Standards

GDP per capita is $11,967 in nominal terms, but $31,746 when adjusted for local purchasing power, indicating lower prices than in the US.

Prices & Employment

The economy is experiencing moderate inflation at 4.5% and high unemployment at 11.5%.

Government Finances

Government debt is moderate at 53% of GDP. The government spends more than it collects (revenue: 32.0%, expenditure: 36.2% of GDP).

External & Fiscal Balance

The country is running a fiscal deficit of 4.2% and a current account deficit of 5.0% of GDP.

The bottom line

North Macedonia has an upper-middle income economy with GDP per capita (PPP) of $32k. Unemployment is elevated at 11.5%.

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What to know

Key statistics for 2026

Output & Growth

Living Standards

Prices & Employment

Government Finances

External & Fiscal Balance

The bottom line

Greece

Bulgaria

Serbia

Albania

What to know

Key statistics for 2026

Output & Growth

Living Standards

Prices & Employment

Government Finances

External & Fiscal Balance

The bottom line