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World/Briefs/North Macedonia

Intelligence brief

North Macedonia — intelligence brief

The whole picture in one grounded read: observed macro indicators, the derived macro-sentiment composite, the business-cycle regime, and a forward forecast. Derived reads interpret already-observed numbers; the forecast is labelled projections (not observations); an absent series is shown honestly, never fabricated.

How to read this:Observeda real measured value from a named source.Derivedcomputed by Predictonomy from observed series using a reproducible method.AI readan AI interpretation of already-computed figures. Opinion, not a new data point.

Brief

What the data says

Observed macro, derived sentiment, the business-cycle regime, and forward projections — each traced to the live series it reads. Need it as JSON? GET /api/v1/brief/country/{iso3}.

Full briefledger 60ad23b

North Macedonia: macro conditions look cautious (pressure 56/100); the economy is in slowdown; 1 turning-point signal flagged; 19 observed macro indicators held; real gdp growth is projected at 3.09 for 2027.

Macro sentiment

Macro pressure

Derived
Elevated
56/ 100

Higher = more macro pressure. Reads as cautious (sentiment -0.12, −1 stressed … +1 supportive).

ⓘ How this score works
Confidence: 90%

Outlook 2027: balanced (projected sentiment -0.02) · a projection from baseline forecasts

Business-cycle regime

DerivedRegime inputsas of 2026

Slowdown

growth 3.1%momentum -0.39confidence: high
Turning-point signals
  • Real GDP growth turned down (was rising, now falling).

Latest observations

Observed1 indicator omitted (not covered)

as of 2026-01-01

Current account balance to GDPObserved
-5.0%

IMF DataMapper API

as of 2023-01-01

Electric power consumption per capitaObserved
3.3k

World Bank Indicators API

as of 2023-01-01

Net energy importsObserved
63.8%

World Bank Indicators API

as of 2023-01-01

Energy use per capitaObserved
1.5k

World Bank Indicators API

as of 2025-01-01

Exports of goods and servicesObserved
59.6%

World Bank Indicators API

as of 2025-01-01

Gross domestic product, current US dollarsObserved
$19.1bn

World Bank Indicators API

as of 2025-01-01

GDP per capita, current US dollarsObserved
$10.5k

World Bank Indicators API

as of 2025-01-01

Real GDP growthObserved
3.5%

World Bank Indicators API

as of 2026-01-01

General government debt to GDPObserved
53.1%

IMF DataMapper API

as of 2025-01-01

Imports of goods and servicesObserved
73.4%

World Bank Indicators API

as of 2025-01-01

Consumer price inflationObserved
4.1%

World Bank Indicators API

as of 2024-01-01

Gross fixed capital formation to GDPObserved
23.5%

World Bank Indicators API

as of 2025-01-01

Total populationObserved
1.8m

World Bank Indicators API

as of 2025-01-01

Productivity growthObserved
3.8%

World Bank Indicators API

as of 2021-01-01

Renewable energy shareObserved
19.5%

World Bank Indicators API

as of 2025-01-01

Total reserves (excluding gold)Observed
$4.8bn

World Bank Indicators API

as of 2025-01-01

Reserves in months of importsObserved
5

World Bank Indicators API

as of 2025-01-01

Total reserves (including gold)Observed
$5.8bn

World Bank Indicators API

as of 2025-01-01

Unemployment rateObserved
12.3%

World Bank Indicators API

Forward forecast

Derivedprojections, not observations

Headline reliability: below naive track record (-7% skill vs naive; realized ±4.3245 over 20) · a track record, not a guarantee

Forecast heldDerivedledger 60ad23b
Real GDP growth — 2027 baseline projection
3.09

North Macedonia: forward projections across 15 macro indicators, horizons 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2034, 2035, 2036. These are projections, not observations — each carries an optimistic/pessimistic band and a confidence interval, anchored against the latest observed value where one is held.

Current account balance to GDP

Latest observed-5(2026)· IMF DataMapper API

YearBaselineOptimisticPessimisticConf. band
2027-5.160.71-11.03-6.44 – -3.88
2029-5.484.69-15.64-7.81 – -3.14
2031-5.797.33-18.91-8.93 – -2.65
2036-6.5811.97-25.14-11.42 – -1.74

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Exports of goods and services

Latest observed59.65(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202659.9871.3250.1557.4 – 62.56
202860.6380.2743.6154.91 – 66.35
203061.2986.6539.3152.76 – 69.81
203562.9298.7931.8447.73 – 78.11

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Gross domestic product, current US dollars

Latest observed19.1bn(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202722.9bn25bn21.1bn22.2bn – 23.6bn
202926.3bn29.9bn23.1bn24.3bn – 28.2bn
203129.6bn34.3bn25.6bn26.3bn – 33bn
203638bn44.6bn32.3bn30.1bn – 45.9bn

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Real GDP growth

Latest observed3.49(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20273.094.81.612.76 – 3.43
20293.066.020.52.42 – 3.7
20313.036.85-0.272.15 – 3.91
20362.968.35-1.721.58 – 4.33

Method: weighted_composite; lookback 6y; horizon 1y; confidence 80%

GDP per capita, current US dollars

Latest observed10.5k(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202712.7k13.9k11.7k12.3k – 13.1k
202914.6k16.6k12.9k13.5k – 15.7k
203116.5k19.1k14.3k14.6k – 18.4k
203621.3k24.9k18.1k16.9k – 25.7k

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

General government debt to GDP

Latest observed53.1(2026)· IMF DataMapper API

YearBaselineOptimisticPessimisticConf. band
202754.7260.8947.652.89 – 56.55
202957.9668.6545.6353.53 – 62.39
203161.27545.2854.18 – 68.22
203669.388.8246.7854.92 – 83.68

Method: linear_trend; lookback 10y; horizon 1y; confidence 80%

Imports of goods and services

Latest observed73.39(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202673.8590.5657.1370.11 – 77.59
202874.76103.7145.866.74 – 82.78
203075.66113.0438.2963.89 – 87.44
203577.93130.7925.0857.37 – 98.49

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Consumer price inflation

Latest observed4.07(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20274.7916.92-52.02 – 7.56
20295.3926.4-50.47 – 10.3
20315.9933.11-5-0.51 – 12.48
20367.4845.85-5-2.22 – 17.18

Method: exponential_smoothing; lookback 6y; horizon 1y; confidence 80%

Gross fixed capital formation to GDP

Latest observed23.49(2024)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202523.6926.5321.2322.91 – 24.48
202724.2129.1319.9522.35 – 26.08
202924.7431.0919.2321.85 – 27.62
203426.0435.0218.2620.59 – 31.49

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Total population

Latest observed1.8m(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20271.8m1.9m1.7m1.7m – 1.9m
20291.8m1.9m1.7m1.7m – 1.9m
20311.8m1.9m1.7m1.6m – 2m
20361.7m1.8m1.7m1.4m – 2.1m

Method: exponential_smoothing; lookback 10y; horizon 1y; confidence 80%

Productivity growth

Latest observed3.84(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20264.6515-3.873.16 – 6.15
20286.6315-8.133.85 – 9.41
20308.615-104.74 – 12.47
203513.5415-106.88 – 15

Method: weighted_composite; lookback 7y; horizon 1y; confidence 80%

Total reserves (excluding gold)

Latest observed4.8bn(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20265.1bn5.6bn4.6bn4.9bn – 5.3bn
20285.7bn6.6bn4.8bn5.3bn – 6.1bn
20306.4bn7.5bn5.2bn5.6bn – 7.1bn
20357.9bn9.6bn6.2bn6.3bn – 9.6bn

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Reserves in months of imports

Latest observed4.57(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20264.485.713.264.22 – 4.74
20284.396.522.263.85 – 4.92
20304.347.091.593.57 – 5.11
20354.38.190.413.02 – 5.59

Method: mean_reversion; lookback 10y; horizon 1y; confidence 80%

Total reserves (including gold)

Latest observed5.8bn(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20266.2bn6.8bn5.6bn6bn – 6.4bn
20287.1bn8.1bn6.1bn6.6bn – 7.6bn
20308bn9.3bn6.7bn7.1bn – 8.9bn
203510.2bn12.1bn8.4bn8.1bn – 12.4bn

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Unemployment rate

Latest observed12.26(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202710.6711.619.7310.34 – 11
20299.0110.647.388.33 – 9.69
20317.359.455.256.44 – 8.26
20363.196.160.222.23 – 4.16

Method: linear_trend; lookback 6y; horizon 1y; confidence 80%

Generated by the prediction engine (model prediction-engine-v1) on 2026-08-04 from observed history. Projections, not observations — never a guarantee of future values.

Machine-readable: GET /api/v1/brief/country/MKD · API docs