North Macedonia Forecast: Unemployment Rate

1996 - 2028 | Yearly | % | International Monetary Fund

Key information about North Macedonia Unemployment Rate Forecast

  • North Macedonia Unemployment Rate is forecasted to be 14.100 % in Dec 2024 as reported by International Monetary Fund
  • It records no change from the last reported number of 14.300 % in Dec 2023
  • Looking ahead, North Macedonia Unemployment Rate is projected to stand at 13.900 % in Dec 2028
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Unemployment Rate

View North Macedonia's Forecast: Unemployment Rate from 1996 to 2028 in the chart:

North Macedonia Forecast: Unemployment Rate

What is North Macedonia's Forecast: Unemployment Rate in 2028?

North Macedonia Unemployment Rate is forecasted to be 14.100 % in Dec 2024 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
13.900 2028 13.900 2027 13.900 2028 37.250 2005 % yearly 1996 - 2028

Forecast: Unemployment Rate by Country Comparison

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country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 11.000 2028 yearly 1980 - 2028
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 1.675 2028 yearly 2010 - 2028
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 7.000 2028 yearly 1980 - 2028
Armenia (%) 14.000 2028 yearly 2001 - 2028
Aruba (%) 5.091 2026 yearly 1991 - 2026
Australia (%) 4.898 2028 yearly 1980 - 2028
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 5.545 2028 yearly 2000 - 2028
Bahamas (%) 9.190 2028 yearly 1986 - 2028
Bahrain (%) 5.400 2022 yearly 2007 - 2022
Bangladesh (%) 0.000 yearly -
Barbados (%) 9.718 2028 yearly 1981 - 2028
Belarus (%) 3.455 2028 yearly 1993 - 2028
Belgium (%) 5.402 2028 yearly 1980 - 2028
Belize (%) 2.800 2028 yearly 1990 - 2028
Benin (%) 0.000 yearly -
Bhutan (%) 5.900 2022 yearly 2003 - 2022
Bolivia (%) 5.200 2028 yearly 2000 - 2028
Bosnia and Herzegovina (%) 15.255 2028 yearly 1995 - 2028
Botswana (%) 0.000 yearly -
Brazil (%) 7.931 2028 yearly 1991 - 2028
Brunei (%) 4.900 2028 yearly 2011 - 2028
Bulgaria (%) 4.200 2028 yearly 1989 - 2028
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 5.999 2028 yearly 1980 - 2028
Cape Verde (%) 8.500 2028 yearly 1980 - 2028
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.499 2028 yearly 1980 - 2028
China (%) 5.200 2028 yearly 2017 - 2028
Colombia (%) 9.511 2028 yearly 1980 - 2028
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 9.000 2026 yearly 1980 - 2026
Croatia (%) 5.581 2028 yearly 1991 - 2028
Cyprus (%) 5.481 2028 yearly 1982 - 2028
Czech Republic (%) 2.300 2028 yearly 1995 - 2028
Democratic Republic of Congo (%) 0.000 yearly -
Denmark (%) 5.000 2028 yearly 1980 - 2028
Djibouti (%) 0.000 yearly -
Dominica (%) 0.000 yearly -
Dominican Republic (%) 6.000 2028 yearly 1991 - 2028
Ecuador (%) 3.500 2028 yearly 1988 - 2028
Egypt (%) 6.679 2028 yearly 1990 - 2028
El Salvador (%) 5.500 2028 yearly 1988 - 2028
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.364 2028 yearly 1993 - 2028
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2028 yearly 1986 - 2028
Finland (%) 7.100 2028 yearly 1980 - 2028
France (%) 6.663 2028 yearly 1980 - 2028
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 17.516 2028 yearly 1996 - 2028
Germany (%) 2.963 2028 yearly 1980 - 2028
Ghana (%) 0.000 yearly -
Greece (%) 9.000 2028 yearly 1980 - 2028
Grenada (%) 0.000 yearly -
Guatemala (%) 0.000 yearly -
Guinea (%) 0.000 yearly -
Guinea-Bissau (%) 0.000 yearly -
Guyana (%) 0.000 yearly -
Haiti (%) 0.000 yearly -
Honduras (%) 8.000 2028 yearly 1980 - 2028
Hong Kong SAR, China (%) 2.774 2028 yearly 1980 - 2028
Hungary (%) 3.300 2028 yearly 1980 - 2028
Iceland (%) 3.976 2028 yearly 1980 - 2028
India (%) 0.000 yearly -
Indonesia (%) 5.100 2028 yearly 1984 - 2028
Iran (%) 9.779 2028 yearly 1990 - 2028
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 4.000 2028 yearly 1980 - 2028
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 8.375 2021 yearly 1980 - 2021
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 22.850 2022 yearly 1984 - 2022
Kazakhstan (%) 4.775 2028 yearly 1994 - 2028
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 3.205 2028 yearly 1980 - 2028
Kosovo (%) 20.750 2021 yearly 2012 - 2021
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 9.014 2028 yearly 1994 - 2028
Laos (%) 0.000 yearly -
Latvia (%) 6.402 2028 yearly 1992 - 2028
Lebanon (%) 0.000 yearly -
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

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North Macedonia Key Series

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Includes 246 key indicators for North Macedonia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.5 2022 yearly 1993 - 2022
Consolidated Fiscal Balance (USD mn) -604.501 2022 yearly 2009 - 2022
Tax Revenue (USD mn) 215.019 Feb 2024 monthly Jan 2004 - Feb 2024
Tax Revenue: % of GDP (%) 20.0 Dec 2023 quarterly Mar 2004 - Dec 2023
National Government Debt (USD mn) 8,026.8 Dec 2023 quarterly Dec 2009 - Dec 2023
Government Debt: % of GDP (%) 53.1 Dec 2023 quarterly Dec 2009 - Dec 2023
Forecast: Government Expenditure (MKD bn) 419.692 2028 yearly 1997 - 2028
Forecast: Government Net Debt (MKD bn) 613.520 2028 yearly 1999 - 2028
Forecast: Government Revenue (MKD bn) 387.138 2028 yearly 1997 - 2028
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 2,057.000 Feb 2024 monthly Jan 2004 - Feb 2024
Central Government Budget: Expenditure: Capital (MKD mn) 2,578.000 Feb 2024 monthly Jan 2004 - Feb 2024
Central Government Budget: Revenue (MKD mn) 23,193.000 Feb 2024 monthly Jan 2004 - Feb 2024
Central Government Budget: Expenditure: Current (MKD mn) 26,281.000 Feb 2024 monthly Jan 2004 - Feb 2024
Central Government Budget Balance (MKD mn) -5,666.000 Feb 2024 monthly Jan 2004 - Feb 2024
Central Government Budget: Expenditure (MKD mn) 28,859.000 Feb 2024 monthly Jan 2004 - Feb 2024
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 5,249.000 Feb 2024 monthly Jan 2004 - Feb 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.913 2028 yearly 1993 - 2028
Trade Balance (USD mn) -309.5 Feb 2024 monthly Dec 1993 - Feb 2024
Total Exports (USD mn) 709.7 Feb 2024 monthly Jan 2002 - Feb 2024
Total Exports Growth (%) 7.9 May 2023 monthly Jan 2003 - May 2023
Aluminum: Exports (USD th) 4,145.201 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 116,895.471 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 1,535.774 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,019.2 Feb 2024 monthly Jan 2002 - Feb 2024
Total Imports Growth (%) 3.8 Feb 2024 monthly Jan 2003 - Feb 2024
Imports: Medicament (USD th) 180,102.231 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 56,059.479 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 2.414 Feb 2024 monthly Jan 1999 - Feb 2024
Total Imports from USA (USD mn) 20.327 Feb 2024 monthly Jan 1993 - Feb 2024
Total Exports to China (USD mn) 3.778 Feb 2024 monthly Jan 1999 - Feb 2024
Total Imports from China (USD mn) 83.974 Feb 2024 monthly Aug 1996 - Feb 2024
Exports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 36,125.741 Feb 2024 monthly Jan 2003 - Feb 2024
Exports: ytd: SITC: Manufactured Goods (USD th) 168,087.898 Feb 2024 monthly Jan 2003 - Feb 2024
Exports: ytd: SITC: Beverages and Tobacco (USD th) 25,666.594 Feb 2024 monthly Jan 2003 - Feb 2024
Exports: ytd: SITC: Food Products (USD th) 69,468.618 Feb 2024 monthly Jan 2003 - Feb 2024
Exports: ytd: SITC: Miscellaneous Manufactured Articles (USD th) 167,936.108 Feb 2024 monthly Jan 2003 - Feb 2024
Exports: USA (USD th) 2,414.193 Feb 2024 monthly Jan 2013 - Feb 2024
Exports: Kosovo (USD th) 32,113.757 Feb 2024 monthly Jan 2013 - Feb 2024
Exports: Germany (USD th) 300,371.007 Feb 2024 monthly Jan 2013 - Feb 2024
Exports: Czech Republic (USD th) 25,479.720 Feb 2024 monthly Jan 2013 - Feb 2024
Exports: Bulgaria (USD th) 33,914.427 Feb 2024 monthly Jan 2013 - Feb 2024
Imports: ytd: SITC: Machinery and Transport Equipment (USD th) 472,430.469 Feb 2024 monthly Jan 2003 - Feb 2024
Imports: ytd: SITC: Manufactured Goods (USD th) 549,441.814 Feb 2024 monthly Jan 2003 - Feb 2024
Imports: ytd: SITC: Mineral Fuels and Lubricants (USD th) 260,027.503 Feb 2024 monthly Jan 2003 - Feb 2024
Imports: ytd: SITC: Chemical Products (USD th) 222,040.862 Feb 2024 monthly Jan 2003 - Feb 2024
Imports: ytd: SITC: Food Products (USD th) 181,816.167 Feb 2024 monthly Jan 2003 - Feb 2024
Imports: USA (USD th) 20,326.768 Feb 2024 monthly Jan 2013 - Feb 2024
Imports: Greece (USD th) 93,099.952 Feb 2024 monthly Jan 2013 - Feb 2024
Imports: Great Britain (USD th) 110,021.067 Feb 2024 monthly Jan 2013 - Feb 2024
Imports: Germany (USD th) 113,035.441 Feb 2024 monthly Jan 2013 - Feb 2024
Imports: China (USD th) 83,974.121 Feb 2024 monthly Jan 2013 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -300.2 Dec 2023 monthly Jan 2001 - Dec 2023
Current Account Balance (USD mn) 108.9 Mar 2023 monthly Jan 2001 - Mar 2023
Current Account Balance: % of GDP (%) -3.0 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Direct Investment (USD mn) -187.1 Dec 2023 monthly Jan 2001 - Dec 2023
Foreign Direct Investment: % of GDP (%) -4.9 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Portfolio Investment (USD mn) 25.072 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 0.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -0.4 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 25.501 Dec 2023 quarterly Mar 1998 - Dec 2023
External Debt (USD mn) 12,666.2 Dec 2023 quarterly Dec 2005 - Dec 2023
External Debt: % of GDP (%) 83.7 2022 yearly 2004 - 2022
External Debt: Short Term (USD mn) 3,213.6 Sep 2023 quarterly Dec 2005 - Sep 2023
External Debt: Short Term: % of GDP (%) 23.6 2022 yearly 2004 - 2022
Total Debt: % of GDP (%) 342.0 2023 yearly 2013 - 2023
Forecast: Current Account Balance (USD bn) -0.627 2028 yearly 1992 - 2028
Net International Investment Position (USD mn) -8,812.231 Sep 2023 quarterly Dec 2006 - Sep 2023
BoP: CA: SI: Debit (USD mn) 13.992 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: Primary Income (PI) (USD mn) -68.684 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Services (USD mn) 9.907 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: SI: Credit (USD mn) 264.135 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -130.976 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 14.175 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Net Errors & Omissions (USD mn) 22.099 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: Credit (USD mn) 1,171.981 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 37.147 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Reserve Assets (USD mn) 618.114 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: Debit (USD mn) 1,299.652 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: PI: Debit (USD mn) 93.163 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) -300.194 Dec 2023 monthly Jan 2001 - Dec 2023
Balance of Payments (BoP): Current Account (CA) (USD mn) -127.671 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Capital Account (USD mn) -0.584 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: Secondary Income (SI) (USD mn) 250.143 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Capital Account: Credit (USD mn) 0.048 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Portfolio Investment (PI) (USD mn) 22.972 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Services: Credit (USD mn) 261.662 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: PI: Credit (USD mn) 24.479 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Financial Account (FA) (USD mn) -106.155 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Direct Investment (DI) (USD mn) -113.085 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: Other Investment (OI) (USD mn) -634.156 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Goods (USD mn) -319.037 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Services: Debit (USD mn) 251.755 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Goods: Debit (USD mn) 940.743 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: Capital Account: Debit (USD mn) 0.631 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 503.179 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) -187.109 Dec 2023 monthly Jan 2001 - Dec 2023
BoP: CA: GS: Goods: Credit (USD mn) 621.706 Dec 2023 monthly Jan 2001 - Dec 2023
Gross External Debt: GG: Long Term (LT) (EUR mn) 3,785.055 Dec 2023 quarterly Mar 2006 - Dec 2023
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.000 Dec 2023 quarterly Mar 2006 - Dec 2023
Gross External Debt: MI: Private (EUR mn) 5,833.965 Sep 2023 quarterly Mar 2006 - Sep 2023
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 5,238.126 Sep 2023 quarterly Mar 2006 - Sep 2023
Foreign Direct Investment (FDI): Flow (USD mn) 122.753 Dec 2023 monthly Jan 2007 - Dec 2023
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 8.830 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) 21.134 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: NACE 2: Manufacturing (EUR mn) 277.122 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: NACE 2: Construction (EUR mn) -18.940 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: NACE 2: Services (EUR mn) 46.583 Dec 2023 quarterly Mar 2009 - Dec 2023
FDI: Flow: United States of America (EUR mn) 5.529 Dec 2023 quarterly Mar 2008 - Dec 2023
FDI: Flow: Austria (EUR mn) 47.266 Dec 2023 quarterly Mar 2008 - Dec 2023
FDI: Flow: Belgium (EUR mn) -3.933 Dec 2023 quarterly Mar 2008 - Dec 2023
FDI: Flow: Turkey (EUR mn) 36.655 Dec 2023 quarterly Mar 2008 - Dec 2023
FDI: Flow: United Kingdom (EUR mn) 228.422 Dec 2023 quarterly Mar 2008 - Dec 2023
No of Enterprises: Out of Business (Unit) 5,382.000 2020 yearly 2004 - 2020
No of Enterprises: New (Unit) 5,960.000 2021 yearly 2004 - 2021
No of Enterprises (Unit) 65,780.000 2021 yearly 2004 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.7 Dec 2023 quarterly Dec 2005 - Dec 2023
Household Debt: % of GDP (%) 27.3 Dec 2023 quarterly Mar 2003 - Dec 2023
Non-Performing Loans (USD mn) 209.282 Sep 2023 quarterly Dec 2005 - Sep 2023
Money Supply M1 (USD mn) 4,437.657 Feb 2024 monthly Jan 2003 - Feb 2024
Money Supply M2 (USD mn) 8,235.863 Feb 2024 monthly Jan 2003 - Feb 2024
M2 Growth (%) 6.3 Feb 2024 monthly Jan 2004 - Feb 2024
Reserve Requirement Ratio (%) 5.0 Mar 2024 monthly Jan 2004 - Mar 2024
Foreign Exchange Reserves (USD mn) 4,248.1 Feb 2024 monthly Dec 1993 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 30.203 Dec 2023 quarterly Dec 2000 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 4.2 Feb 2024 monthly Jan 2002 - Feb 2024
Gold Reserves (USD mn) 450.503 Feb 2024 monthly Dec 1992 - Feb 2024
Total Deposits (USD mn) 9,339.873 Feb 2024 monthly Jan 2003 - Feb 2024
Total Deposits Growth (%) 9.3 Feb 2024 monthly Jan 2004 - Feb 2024
Domestic Credit (USD mn) 8,949.0 Feb 2024 monthly Jan 2003 - Feb 2024
Domestic Credit Growth (%) 5.7 Feb 2024 monthly Jan 2004 - Feb 2024
Household Debt (USD mn) 4,031.3 Feb 2024 monthly Jan 2003 - Feb 2024
Total Loans (USD mn) 7,809.506 Feb 2024 monthly Jan 2003 - Feb 2024
Total Loans Growth (%) 6.55 Feb 2024 monthly Jan 2004 - Feb 2024
Private Debt: % of Nominal GDP (%) 52.40 Dec 2023 quarterly Mar 2009 - Dec 2023
Official Reserve Assets (EUR mn) 4,348.058 Feb 2024 monthly Jan 2005 - Feb 2024
Official Reserve Assets: Foreign Currency (EUR mn) 3,914.915 Jan 2024 monthly Jan 2005 - Jan 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022

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