North Macedonia flag

North Macedonia

Republic of North Macedonia

Capital

Skopje

Region

Europe

Population

1,822,612

Area (km²)

25,713

💡Quick Summary

North Macedonia, a landlocked Balkan nation in southeastern Europe, covers 25,713 km² and is home to about 1.8 million people, with Skopje serving as its vibrant capital blending Ottoman heritage and modern vibes. Once part of Yugoslavia, it gained independence in 1991 and boasts a diverse cultural tapestry influenced by Albanian, Turkish, and Slavic roots. While GDP data isn't specified here, the country is known for its stunning lakes, mountains, and growing tourism scene.

Key Insights

Stagflationary Pressure: High Inflation and Moderate Growth

North Macedonia faces significant economic challenges characterized by high inflation (9.362%) coupled with modest GDP growth (2.555%). This combination suggests potential stagflationary pressures, eroding purchasing power despite economic expansion, which is a common issue in post-pandemic Southeast European economies.

Youth Migration Risk: Low Fertility and Shrinking Population Base

The extremely low fertility rate of 1.50 is significantly below the replacement level (2.1), indicating a long-term population decline. Combined with the small current population, this suggests a high risk of demographic aging and potential brain drain, as younger generations seek opportunities abroad.

High Urbanization Despite Small Population

A high percentage of the population (62.252%) resides in urban areas, which is typical of developed European nations but notable for a country with a relatively small total population base. This concentration suggests that resources and economic activity are heavily centralized, likely around the capital, Skopje.

Impressive Infant Mortality Rate, Comparable to Developed Nations

North Macedonia reports an exceptionally low infant mortality rate of 2.800 per 1,000 live births. This figure is competitive with many high-income EU countries and suggests a robust, well-functioning maternal and child healthcare system, standing out as a significant achievement in public health.

Economic Indicators
Latest economic data from World Bank

GDP (Current US$)

$15.86B

Year: 2023

GDP Per Capita

$8,674.36

GDP Growth (%)

2.56%

Inflation (%)

9.36%

Unemployment (%)

13.17%

Debt to GDP (%)

N/A%

Source: World Bank • Last updated: 12/24/2025

Historical Trends & Data Visualizations

GDP Growth Rate
Annual percentage change in GDP over time
2014201520162017201820192020202120222023-6.00%-3.00%0.00%3.00%6.00%
  • GDP Growth (%)
Population Growth
Total population over time
20142015201620172018201920202021202220230500,0001,000,0001,500,0002,000,000
  • Population
Life Expectancy
Average life expectancy at birth (years)
20142015201620172018201920202021202220230.0years20.0years40.0years60.0years80.0years
  • Life Expectancy (years)
Renewable Energy Consumption
Percentage of total energy from renewable sources
201420152016201720182019202020210.0%6.0%12.0%18.0%24.0%
  • Renewable Energy (%)
GDP Per Capita
Economic output per person (current US$)
2014201520162017201820192020202120222023$0$2,500$5,000$7,500$10,000
  • GDP Per Capita ($)

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