The World Bank In North Macedonia

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The World Bank in North Macedonia

The Republic of North Macedonia is an upper middle-income country that has made great strides in reforming its economy over the last decade. More efforts are still needed to generate economic growth and improve living standards for all.

North Macedonia
Overview

Featured

Economic report

Recession Deepens

Economic growth in the Western Balkans is forecast to contract by 4.8 percent in 2020, according to latest report.

Coronavirus

The World Bank Group and COVID-19

How we are coordinating with partners and supporting countries to manage the global pandemic.

North Macedonia

New Strategy

A new strategy for the period 2019–2022 will support the country's faster, inclusive, and sustainable growth.

At a Glance

North Macedonia is an upper-middle-income country that has made great strides in reforming its economy over the past decade. Following strong economic growth during the period 2002–08 averaging 4.3%, average GDP growth has declined to 2.1% per year since 2009. The main drivers of growth since 2009 have been construction, industry, and wholesale and retail trade.

Overview

Data

Project

Public Expenditure Policy Based Guarantee Program

The project helps improve the efficiency of public expenditures by strengthening public financial management, efficiency of health services and social protection.

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