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
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
| Year | North Macedonia |
|---|---|
| 2025 | 4.1 |
| 2024 | 3.5 |
| 2023 | 9.4 |
| 2022 | 14.2 |
| 2021 | 3.2 |
| 2020 | 1.2 |
| 2019 | 0.7 |
| 2018 | 1.5 |
| 2017 | 1.3 |
| 2016 | -0.2 |
| 2015 | -0.3 |
| 2014 | -0.3 |
| 2013 | 2.8 |
| 2012 | 3.3 |
| 2011 | 3.9 |
| 2010 | 1.5 |
| 2009 | -0.8 |
| 2008 | 7.2 |
| 2007 | 2.8 |
| 2006 | 3.3 |
| 2005 | 0 |
| 2004 | -0.4 |
| 2003 | 1.1 |
| 2002 | 1.8 |
| 2001 | 5.1 |
| 2000 | 6.6 |
| 1999 | -1.3 |
| 1998 | 0.5 |
| 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 |
|---|---|
| 2026 | 4 |
| 2027 | 4.5 |
| 2028 | 3.4 |
| 2029 | 3 |
| 2030 | 2.5 |
| 2031 | 2 |
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 in numbers
Every measure for North Macedonia on one page
Health
People
Economy
Education
Politics
Conflict
Military
- Military spending1.97% of GDP in 2025
- Military spending in US dollars$346M in 2025
- Military spending per person$206 in 2025
- Military share of state spending5.1% of government spending in 2025
- Armed forces personnel16,000 people in 2020
- National power0.02% of world capability in 2022
- Armed forces, share of workers2% of the labour force in 2020
- Arms imports9 million TIV in 2025
- Arms exports59 million TIV in 2023
Climate
Technology and environment
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