North Macedonia

Inflation in North Macedonia

Inflation in North Macedonia: 338.7% a year in 1993 and 4.1% a year in 2025, by IMF estimates.

Latest, 2025
4.1% a year
Since 1993
−334.6 percentage points
Rank, 2025
50 of 179
counting from the highest
Projected, 2031
2% a year
IMF projection (World Economic Outlook, October 2026)

% a year · IMF

Inflation in North MacedoniaInflation in North Macedonia: 338.7% a year in 1993 and 4.1% a year in 2025, by IMF estimates. The IMF projection (World Economic Outlook, October 2026) puts it at 2% a year in 2031.
Estimates, IMFIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • The IMF projection (World Economic Outlook, October 2026) puts it at 2% a year in 2031.
  • The highest was 338.7% a year in 1993, the lowest -1.3% a year in 1999.

Every year

% a year · IMF

YearNorth Macedonia
20254.1
20243.5
20239.4
202214.2
20213.2
20201.2
20190.7
20181.5
20171.3
2016-0.2
2015-0.3
2014-0.3
20132.8
20123.3
20113.9
20101.5
2009-0.8
20087.2
20072.8
20063.3
20050
2004-0.4
20031.1
20021.8
20015.1
20006.6
1999-1.3
19980.5
19971.3
19962.5
199516.4
1994126.6
1993338.7
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearNorth Macedonia
20264
20274.5
20283.4
20293
20302.5
20312

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

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