North Macedonia

North Macedonia

Economic Position

North Macedonia's gross domestic product was approximately $16.95 billion in 2024, per World Bank WDI, with GDP per capita of about $9,292 the same year. Population was 1,824,359 in 2024, per World Bank WDI. The IMF WEO puts government debt at 53.1% of GDP for 2026. Reserves stood at roughly $4.84 billion in 2025, per IMF IFS.

Military and Power Indicators

SIPRI Milex data puts military expenditure at about $374.8 million in 2025, equivalent to 1.966% of GDP for the same year — a share calculated against SIPRI's own GDP series rather than the World Bank figure cited above. The Correlates of War National Material Capabilities dataset records 8,000 active military personnel in 2022, with a composite index of national capability (CINC) of 0.00019449057 for the same year.

Governance

V-Dem v15's 2025 data gives North Macedonia an electoral democracy index of 0.562 and a liberal democracy index of 0.374. State capacity is scored lower, at 0.368, for the same year — the weakest of the three governance measures in this bundle.

Energy

Primary energy consumption was 0.1064 exajoules in 2024, per Our World in Data. Electricity generation was 6.82 terawatt-hours in 2025, per the same source. Oil and gas production were both recorded at 0.0 terawatt-hours in 2016, per Our World in Data.

Data Gaps

The oil and gas production figures are dated 2016, roughly a decade behind the 2024-2025 energy consumption and generation figures in this bundle, and should not be treated as current. The personnel and CINC figures are from 2022, several years older than the economic and governance data presented alongside them.

Sources: World Bank WDI, IMF WEO, IMF IFS, SIPRI Milex, Correlates of War National Material Capabilities, V-Dem v15, Our World in Data (Energy).