North Macedonia overview

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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

North Macedonia's policy response to the coronavirus crisis

The EBRD is monitoring North Macedonia's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.

Learn more

Current EBRD forecast for real GDP growth in North Macedonia in 2021: 4.0%
Current EBRD forecast for real GDP growth in North Macedonia in 2022: 4.0%

In 2020, GDP declined by 4.5 per cent year-on-year, on the back of a double-digit fall in investments and exports and a 6 per cent decline in private consumption. These falls were somewhat counterbalanced by an increase in government consumption (10 per cent rise). Industrial output contracted by 10 per cent, and the trade, transport
and accommodation sector only slightly less (8 per cent).
 
 
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