North Macedonia Forecast: Unemployment Rate

1996 - 2031 | Yearly | % | International Monetary Fund

Key information about North Macedonia Unemployment Rate Forecast

  • North Macedonia Unemployment Rate is forecasted to be 11.500 % in Dec 2026 as reported by International Monetary Fund
  • It records a decrease from the last reported number of 11.525 % in Dec 2025
  • Looking ahead, North Macedonia Unemployment Rate is projected to stand at 11.000 % in Dec 2031
  • 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 2031 in the chart:

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North Macedonia Forecast: Unemployment Rate
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North Macedonia Forecast: Unemployment Rate

What is North Macedonia's Forecast: Unemployment Rate in 2031?

North Macedonia Unemployment Rate is forecasted to be 11.500 % in Dec 2026 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
11.000 2031 11.100 2030 11.000 2031 37.250 2005 % yearly 1996 - 2031

Forecast: Unemployment Rate by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 8.700 2031 yearly 1980 - 2031
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 1.500 2031 yearly 2010 - 2031
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 6.500 2031 yearly 1980 - 2031
Armenia (%) 12.100 2031 yearly 2001 - 2031
Aruba (%) 4.823 2030 yearly 1986 - 2030
Australia (%) 4.457 2031 yearly 1980 - 2031
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 4.977 2031 yearly 2000 - 2031
Bahamas (%) 9.001 2031 yearly 1986 - 2031
Bahrain (%) 6.200 2024 yearly 2007 - 2024
Bangladesh (%) 0.000 yearly -
Barbados (%) 6.805 2031 yearly 1981 - 2031
Belarus (%) 2.889 2031 yearly 1993 - 2031
Belgium (%) 5.800 2031 yearly 1980 - 2031
Belize (%) 2.600 2031 yearly 1990 - 2031
Benin (%) 0.000 yearly -
Bhutan (%) 3.500 2023 yearly 2003 - 2023
Bolivia (%) 4.500 2026 yearly 2000 - 2026
Bosnia and Herzegovina (%) 12.600 2031 yearly 1995 - 2031
Botswana (%) 0.000 yearly -
Brazil (%) 7.400 2031 yearly 1991 - 2031
Brunei (%) 4.748 2031 yearly 2011 - 2031
Bulgaria (%) 3.200 2031 yearly 1989 - 2031
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 6.004 2031 yearly 1980 - 2031
Cape Verde (%) 8.500 2031 yearly 1980 - 2031
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.353 2031 yearly 1980 - 2031
China (%) 5.100 2031 yearly 2017 - 2031
Colombia (%) 10.000 2031 yearly 1980 - 2031
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 8.500 2030 yearly 1980 - 2030
Croatia (%) 4.700 2031 yearly 1991 - 2031
Cyprus (%) 4.733 2031 yearly 1982 - 2031
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 (%) 5.000 2031 yearly 1991 - 2031
Ecuador (%) 3.100 2031 yearly 1988 - 2031
Egypt (%) 9.454 2031 yearly 1990 - 2031
El Salvador (%) 4.780 2031 yearly 1988 - 2031
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.209 2031 yearly 1993 - 2031
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2031 yearly 1986 - 2031
Finland (%) 7.100 2028 yearly 1980 - 2028
France (%) 6.663 2028 yearly 1980 - 2028
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 13.900 2031 yearly 1996 - 2031
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 (%) 6.500 2031 yearly 1980 - 2031
Hong Kong SAR, China (%) 2.667 2031 yearly 1980 - 2031
Hungary (%) 3.800 2031 yearly 1980 - 2031
Iceland (%) 4.000 2031 yearly 1980 - 2031
India (%) 0.000 yearly -
Indonesia (%) 4.700 2031 yearly 1984 - 2031
Iran (%) 9.000 2031 yearly 1990 - 2031
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 3.600 2031 yearly 1980 - 2031
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 3.400 2025 yearly 1980 - 2025
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 21.325 2031 yearly 1984 - 2031
Kazakhstan (%) 4.353 2031 yearly 1994 - 2031
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 2.800 2031 yearly 1980 - 2031
Kosovo (%) 10.875 2023 yearly 2012 - 2023
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 3.983 2031 yearly 1994 - 2031
Laos (%) 0.000 yearly -
Latvia (%) 6.256 2031 yearly 1992 - 2031
Lebanon (%) 11.543 2023 yearly 1991 - 2023
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

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North Macedonia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.6 2024 yearly 1993 - 2024
Consolidated Fiscal Balance (USD mn) -764.590 2025 yearly 2009 - 2025
Tax Revenue (USD mn) 311.743 Mar 2026 monthly Jan 2004 - Mar 2026
Tax Revenue: % of GDP (%) 18.0 Mar 2026 quarterly Mar 2004 - Mar 2026
National Government Debt (USD mn) 10,272.3 Dec 2025 quarterly Dec 2009 - Dec 2025
Government Debt: % of GDP (%) 51.8 Dec 2025 quarterly Dec 2009 - Dec 2025
Forecast: Government Expenditure (MKD bn) 542.546 2031 yearly 1997 - 2031
Forecast: Government Net Debt (MKD bn) 810.662 2031 yearly 1999 - 2031
Forecast: Government Revenue (MKD bn) 497.883 2031 yearly 1997 - 2031
Central Government Budget: Financing (MKD mn) 6,415.000 Mar 2026 monthly Jan 2004 - Mar 2026
Central Government Budget: Expenditure: Capital (MKD mn) 1,800.000 Apr 2026 monthly Jan 2004 - Apr 2026
Central Government Budget Balance (MKD mn) -6,415.000 Mar 2026 monthly Jan 2004 - Mar 2026
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 1,729.000 Mar 2026 monthly Jan 2004 - Mar 2026
Central Government Budget: Revenue (MKD mn) 32,386.000 Apr 2026 monthly Jan 2004 - Apr 2026
Central Government Budget: Expenditure: Current (MKD mn) 33,924.000 Mar 2026 monthly Jan 2004 - Mar 2026
Central Government Budget: Expenditure (MKD mn) 38,405.000 Mar 2026 monthly Jan 2004 - Mar 2026
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 7,705.000 Mar 2026 monthly Jan 2004 - Mar 2026
Public Debt: External (EUR mn) 5,493.877 2025 yearly 1999 - 2025
Public Debt: Domestic (EUR mn) 4,570.228 2025 yearly 1999 - 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.913 2028 yearly 1993 - 2028
Trade Balance (USD mn) -193.5 Mar 2026 monthly Dec 1993 - Mar 2026
Total Exports (USD mn) 916.1 Apr 2026 monthly Jan 2002 - Apr 2026
Total Exports Growth (%) 10.3 Sep 2025 monthly Jan 2003 - Sep 2025
Aluminum: Exports (USD th) 2,950.942 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 173,759.623 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 2,463.067 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,354.8 Apr 2026 monthly Jan 2002 - Apr 2026
Total Imports Growth (%) 3.6 Mar 2026 monthly Jan 2003 - Mar 2026
Imports: Medicament (USD th) 226,116.306 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 80,622.846 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 6.073 Apr 2026 monthly Jan 1999 - Apr 2026
Total Imports from USA (USD mn) 22.260 Apr 2026 monthly Jan 1993 - Apr 2026
Total Exports to China (USD mn) 4.783 Mar 2026 monthly Jan 1999 - Mar 2026
Total Imports from China (USD mn) 106.971 Mar 2026 monthly Aug 1996 - Mar 2026
Exports: Kosovo (USD th) 42,537.159 Mar 2026 monthly Jan 2013 - Mar 2026
Exports: Germany (USD th) 331,092.885 Apr 2026 monthly Jan 2013 - Apr 2026
Exports: Czech Republic (USD th) 27,939.111 Apr 2026 monthly Jan 2013 - Apr 2026
Exports: China (USD th) 6,345.823 Apr 2026 monthly Jan 2013 - Apr 2026
Exports: Bulgaria (USD th) 57,705.103 Mar 2026 monthly Jan 2013 - Mar 2026
Imports: USA (USD th) 22,259.784 Apr 2026 monthly Jan 2013 - Apr 2026
Imports: Greece (USD th) 161,951.360 Apr 2026 monthly Jan 2013 - Apr 2026
Imports: Great Britain (USD th) 245,155.707 Apr 2026 monthly Jan 2013 - Apr 2026
Imports: Germany (USD th) 109,300.099 Apr 2026 monthly Jan 2013 - Apr 2026
Imports: China (USD th) 106,971.350 Mar 2026 monthly Jan 2013 - Mar 2026
Import Value Index (2015=100) 187.400 2023 yearly 1995 - 2023
Export Value Index (2015=100) 197.800 2023 yearly 1995 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -215.0 Dec 2025 monthly Jan 2001 - Dec 2025
Current Account Balance (USD mn) 37.6 Sep 2025 monthly Jan 2001 - Sep 2025
Current Account Balance: % of GDP (%) -7.6 Mar 2026 quarterly Mar 2000 - Mar 2026
Foreign Direct Investment (USD mn) 68.0 Sep 2025 monthly Jan 2001 - Sep 2025
Foreign Direct Investment: % of GDP (%) 9.5 Mar 2026 quarterly Mar 2000 - Mar 2026
Foreign Portfolio Investment (USD mn) 666.923 Mar 2026 quarterly Mar 1998 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) 14.6 Mar 2026 quarterly Mar 2000 - Mar 2026
Foreign Portfolio Investment: Equity Securities (USD mn) 0.2 Dec 2025 quarterly Mar 1996 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 22.286 Dec 2025 quarterly Mar 1998 - Dec 2025
External Debt (USD mn) 14,345.4 Dec 2025 quarterly Dec 2005 - Dec 2025
External Debt: % of GDP (%) 72.0 2025 yearly 2004 - 2025
External Debt: Short Term (USD mn) 3,679.0 Dec 2025 quarterly Dec 2005 - Dec 2025
External Debt: Short Term: % of GDP (%) 19.4 2024 yearly 2004 - 2024
Total Debt: % of GDP (%) 342.8 2025 yearly 2013 - 2025
Forecast: Current Account Balance (USD bn) -0.873 2031 yearly 1992 - 2031
Net International Investment Position (USD mn) -10,243.560 Sep 2025 quarterly Dec 2006 - Sep 2025
BoP: CA: Primary Income (PI) (USD mn) -76.758 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: SI: Debit (USD mn) 24.535 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: SI: Credit (USD mn) 331.474 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 34.832 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: Credit (USD mn) 1,320.558 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -65.253 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Services (USD mn) 74.869 Mar 2026 monthly Jan 2001 - Mar 2026
BoP: Net Errors & Omissions (USD mn) 34.119 Mar 2026 monthly Jan 2001 - Mar 2026
BoP: FA: Reserve Assets (USD mn) -120.323 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Debit (USD mn) 1,358.268 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 62.437 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Mar 2026 monthly Jan 2001 - Mar 2026
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -7.355 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: PI: Debit (USD mn) 107.331 Mar 2026 monthly Jan 2001 - Mar 2026
BoP: Capital Account: Credit (USD mn) 0.048 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Services: Credit (USD mn) 318.824 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Capital Account (USD mn) -0.127 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Financial Account (FA) (USD mn) -153.901 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: PI: Credit (USD mn) 24.334 Mar 2026 monthly Jan 2001 - Mar 2026
BoP: FA: Other Investment (OI) (USD mn) 102.630 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Secondary Income (SI) (USD mn) 306.939 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Portfolio Investment (PI) (USD mn) 105.854 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: GS: Goods (USD mn) -273.325 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Capital Account: Debit (USD mn) 0.176 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) -3.971 Mar 2026 monthly Jan 2001 - Mar 2026
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 68.032 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Goods: Debit (USD mn) 949.347 Mar 2026 monthly Jan 2001 - Mar 2026
BoP: CA: GS: Services: Debit (USD mn) 235.032 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Goods: Credit (USD mn) 641.390 Dec 2025 monthly Jan 2001 - Dec 2025
Balance of Payments (BoP): Current Account (CA) (USD mn) -178.446 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: Direct Investment (DI) (USD mn) -5.595 Sep 2025 monthly Jan 2001 - Sep 2025
Gross External Debt: GG: Long Term (LT) (EUR mn) 4,053.687 Dec 2025 quarterly Mar 2006 - Dec 2025
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.144 Dec 2025 quarterly Mar 2006 - Dec 2025
Gross External Debt: MI: Private (EUR mn) 6,762.921 Dec 2025 quarterly Mar 2006 - Dec 2025
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 5,438.688 Dec 2025 quarterly Mar 2006 - Dec 2025
FDI: Flow: United States of America (EUR mn) -6.637 Mar 2026 quarterly Mar 2008 - Mar 2026
FDI: Flow: Austria (EUR mn) -98.505 Mar 2026 quarterly Mar 2008 - Mar 2026
FDI: Flow: Belgium (EUR mn) -12.442 Mar 2026 quarterly Mar 2008 - Mar 2026
FDI: Flow: Turkey (EUR mn) 23.857 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: United Kingdom (EUR mn) -13.903 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 6.334 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) -5.589 Mar 2026 quarterly Mar 2009 - Mar 2026
FDI: Flow: NACE 2: Manufacturing (EUR mn) -45.634 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Construction (EUR mn) 36.408 Mar 2026 quarterly Mar 2009 - Mar 2026
FDI: Flow: NACE 2: Services (EUR mn) -85.259 Mar 2026 quarterly Mar 2009 - Mar 2026
Foreign Direct Investment (FDI): Flow (USD mn) 141.832 Mar 2026 monthly Jan 2007 - Mar 2026
No of Enterprises (Unit) 68,934.000 2024 yearly 2004 - 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Dec 2025 quarterly Dec 2005 - Dec 2025
Household Debt: % of GDP (%) 26.8 Mar 2026 quarterly Mar 2003 - Mar 2026
Non-Performing Loans (USD mn) 233.627 Sep 2025 quarterly Dec 2005 - Sep 2025
Money Supply M1 (USD mn) 6,201.714 Apr 2026 monthly Jan 2003 - Apr 2026
Money Supply M2 (USD mn) 10,699.742 Apr 2026 monthly Jan 2003 - Apr 2026
M2 Growth (%) 9.6 Apr 2026 monthly Jan 2004 - Apr 2026
Reserve Requirement Ratio (%) 9.0 Apr 2026 monthly Jan 2004 - Apr 2026
Foreign Exchange Reserves (USD mn) 5,075.4 May 2026 monthly Dec 1993 - May 2026
Foreign Exchange Reserves: % of GDP (%) 25.436 Mar 2026 quarterly Dec 2000 - Mar 2026
Foreign Exchange Reserves: Months of Import (NA) 3.7 Apr 2026 monthly Jan 2002 - Apr 2026
Gold Reserves (USD mn) 1,025.228 Apr 2026 monthly Dec 1992 - Apr 2026
Total Deposits (USD mn) 12,463.517 Apr 2026 monthly Jan 2003 - Apr 2026
Total Deposits Growth (%) 9.3 Apr 2026 monthly Jan 2004 - Apr 2026
Domestic Credit (USD mn) 12,582.9 Apr 2026 monthly Jan 2003 - Apr 2026
Domestic Credit Growth (%) 11.9 Apr 2026 monthly Jan 2004 - Apr 2026
Household Debt (USD mn) 5,441.4 Apr 2026 monthly Jan 2003 - Apr 2026
Total Loans (USD mn) 10,929.175 Apr 2026 monthly Jan 2003 - Apr 2026
Total Loans Growth (%) 13.27 Apr 2026 monthly Jan 2004 - Apr 2026
Private Debt: % of Nominal GDP (%) 52.91 Mar 2026 quarterly Mar 2003 - Mar 2026
Official Reserve Assets (EUR mn) 5,207.362 Apr 2026 monthly Jan 2005 - Apr 2026
Official Reserve Assets: Foreign Currency (EUR mn) 4,327.626 Apr 2026 monthly Jan 2005 - Apr 2026
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022

More Indicators for North Macedonia

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