North Macedonia overview

Dump tracks

In North Macedonia we focus on:

  • Supporting Competitiveness by Enhancing Value Chains, Upskilling the Workforce, and Strengthening Governance;
     
  • Strengthening Regional Integration, Soft Connectivity and Support EU Approximation;
     
  • Supporting Green Economy Transition through a More Sustainable Energy Mix and Greater Resource Efficiency.
     

The EBRD's latest strategy for North Macedonia was adopted on 22 May 2019

Current EBRD forecast for real GDP growth in North Macedonia in 2019: 3.2%
Current EBRD forecast for real GDP growth in North Macedonia in 2020: 3.2%

The economy has continued to recover after the resolution of the political crisis in 2017. Following a 2.7 per cent increase in 2018, the growth rate accelerated to 3.6 per cent year on year in the first half of 2019. Growth was driven by domestic demand, primarily the recovery of investment. The rates of total and youth unemployment went down, although they were still high at 18 and 35 per cent in the second quarter of 2019, respectively (down from 21 and 48 per cent in the same quarter of 2018).