North Macedonia vs Serbia
North Macedonia vs Serbia: Inflation
Inflation in 2025: 4.1% a year in North Macedonia and 3.9% a year in Serbia, by IMF estimates. In 2025 the value was higher in North Macedonia, by 0.2 percentage points, or 1.05 times that in Serbia.
% a year · IMF
What the numbers say
- North Macedonia has been higher since 2025, when it overtook Serbia.
- In 2025, North Macedonia ranked 50 and Serbia ranked 56 of 179 countries, counting from the highest.
- The IMF projection (World Economic Outlook, October 2026) puts North Macedonia at 2% a year and Serbia at 3% a year in 2031.
Every year
% a year · IMF
| Year | North Macedonia | Serbia |
|---|---|---|
| 2025 | 4.1 | 3.9 |
| 2024 | 3.5 | 4.7 |
| 2023 | 9.4 | 12.4 |
| 2022 | 14.2 | 12 |
| 2021 | 3.2 | 4.1 |
| 2020 | 1.2 | 1.5 |
| 2019 | 0.7 | 1.9 |
| 2018 | 1.5 | 2 |
| 2017 | 1.3 | 3.2 |
| 2016 | -0.2 | 1.1 |
| 2015 | -0.3 | 1.4 |
| 2014 | -0.3 | 2.2 |
| 2013 | 2.8 | 7.7 |
| 2012 | 3.3 | 7.3 |
| 2011 | 3.9 | 11.1 |
| 2010 | 1.5 | 6.1 |
| 2009 | -0.8 | 8.1 |
| 2008 | 7.2 | 12.4 |
| 2007 | 2.8 | 5.9 |
| 2006 | 3.3 | 10.7 |
| 2005 | 0 | 16.3 |
| 2004 | -0.4 | 10.6 |
| 2003 | 1.1 | 2.9 |
| 2002 | 1.8 | 8.9 |
| 2001 | 5.1 | 80.7 |
| 2000 | 6.6 | 70 |
| 1999 | -1.3 | 41.1 |
| 1998 | 0.5 | 30 |
| 1997 | 1.3 | – |
| 1996 | 2.5 | – |
| 1995 | 16.4 | – |
| 1994 | 126.6 | – |
| 1993 | 338.7 | – |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | North Macedonia | Serbia |
|---|---|---|
| 2026 | 4 | 3.1 |
| 2027 | 4.5 | 4.2 |
| 2028 | 3.4 | 3.1 |
| 2029 | 3 | 3 |
| 2030 | 2.5 | 3 |
| 2031 | 2 | 3 |
Each country on its own
Good to know
- How much consumer prices rose in a year, on average.
- Source: IMF, World Economic Outlook, October 2026.
- The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
- Ranks count the 179 countries with a value in 2025, highest first.
How the layers work, where their data comes from and what they can’t tell you: Countries through time
North Macedonia vs Serbia
Health
- Life expectancyNorth Macedonia: 77.4 years in 2023Serbia: 76.8 years in 2023
- Child mortalityNorth Macedonia: 0.3 per 100 live births in 2024Serbia: 0.5 per 100 live births in 2024
- Infant mortalityNorth Macedonia: 4.7 per 1,000 live births in 2023Serbia: 4.2 per 1,000 live births in 2023
- Safe drinking waterNorth Macedonia: 80.5% in 2022Serbia: 75.1% in 2022
- DepressionNorth Macedonia: 2.33% in 2017Serbia: 2.57% in 2017
- Suicide rateNorth Macedonia: 6.8 per 100,000 people in 2017Serbia: 12.7 per 100,000 people in 2017
People
- PopulationNorth Macedonia: 1.83 million people in 2023Serbia: 6.77 million people in 2023
- Population growthNorth Macedonia: -0.47% a year in 2023Serbia: -0.44% a year in 2023
- Fertility rateNorth Macedonia: 1.47 births per woman in 2023Serbia: 1.5 births per woman in 2023
- Urban populationNorth Macedonia: 62.9% in 2025Serbia: 62.6% in 2025
- Median ageNorth Macedonia: 40.3 years in 2023Serbia: 43.9 years in 2023
- People aged 65 and overNorth Macedonia: 17.5% in 2023Serbia: 22.3% in 2023
- Net migration rateNorth Macedonia: -3.1 per 1,000 people in 2023Serbia: 0.6 per 1,000 people in 2023
Economy
Education
Politics
Conflict
Military
- Military spendingNorth Macedonia: 1.97% of GDP in 2025Serbia: 2.76% of GDP in 2025
- Military spending in US dollarsNorth Macedonia: $346M in 2025Serbia: $2.55B in 2025
- Military spending per personNorth Macedonia: $206 in 2025Serbia: $414 in 2025
- Military share of state spendingNorth Macedonia: 5.1% of government spending in 2025Serbia: 6.4% of government spending in 2025
- Armed forces personnelNorth Macedonia: 16,000 people in 2020Serbia: 32,000 people in 2020
- National powerNorth Macedonia: 0.02% of world capability in 2022Serbia: 0.09% of world capability in 2022
- Armed forces, share of workersNorth Macedonia: 2% of the labour force in 2020Serbia: 1.01% of the labour force in 2020
- Arms importsNorth Macedonia: 9 million TIV in 2025Serbia: 146 million TIV in 2025
- Arms exportsNorth Macedonia: 59 million TIV in 2023Serbia: 39 million TIV in 2025