PredictonomyPredictonomy
Home
Countries
Indicators
Sectors
Sentiment
Studios
Briefings
Methodology
Sign in
PredictonomyPredictonomy

Live macro and micro economic signals, historical context and probabilistic forecasts — built to surface trends before they become consensus.

Research and information only. Not investment advice. Forecasts are probabilistic and uncertain.

Explore

  • Home
  • Countries
  • Indicators
  • Sectors
  • Sentiment
  • Studios
  • Briefings
  • Methodology
  • Global dashboard
  • Signals

Company

  • Pricing
  • Developers
  • Data status
  • About
  • Legal

Weekly newsletter

One email a week, every figure sourced from Predictonomy's own data. Learn more →

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 51018ed

North Macedonia: macro conditions look balanced (pressure 45/100); the economy is in expansion; 1 turning-point signal flagged; 19 observed macro indicators held; real gdp growth is projected at 4.08 for 2026.

Macro sentiment

Macro pressure

Derived
Watch
45/ 100

Higher = more macro pressure. Reads as balanced (sentiment +0.10, −1 stressed … +1 supportive).

ⓘ How this score works
Confidence: 90%

Outlook 2026: balanced (projected sentiment +0.04) · a projection from baseline forecasts

Business-cycle regime

DerivedRegime inputsas of 2025-12-31

Expansion

growth 3.5%momentum +0.49confidence: high
Turning-point signals
  • CPI inflation turned up (was falling, now rising).

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 ±0.9798 over 1) · a track record, not a guarantee

Forecast heldDerivedledger 51018ed
Real GDP growth — 2026 baseline projection
4.08

North Macedonia: forward projections across 15 macro indicators, horizons 2025, 2026, 2027, 2028, 2029, 2030, 2034, 2035. 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
2026-4.661.55-10.87-6 – -3.32
2028-5.185.57-15.93-7.62 – -2.74
2030-5.78.17-19.58-8.99 – -2.42
2035-7.0112.62-26.63-12.13 – -1.88

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
202620.2bn22.2bn18.5bn19.6bn – 20.8bn
202822.9bn26.4bn19.9bn21.2bn – 24.6bn
203025.7bn30.1bn21.8bn22.7bn – 28.6bn
203532.5bn38.8bn27bn25.7bn – 39.2bn

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

Real GDP growth

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

YearBaselineOptimisticPessimisticConf. band
20264.0812-2.962.66 – 5.5
20285.4412-6.752.84 – 8.05
20306.812-8.943.23 – 10.38
203510.2112-104.3 – 12

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
202611.1k12.2k10.2k10.8k – 11.4k
202812.6k14.5k11k11.7k – 13.6k
203014.2k16.6k12.1k12.5k – 15.8k
203518k21.4k15k14.2k – 21.7k

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

General government debt to GDP

Latest observed53.1(2026)· IMF DataMapper API

YearBaselineOptimisticPessimisticConf. band
202654.2760.5147.0752.44 – 56.1
202857.8168.6245.3453.37 – 62.25
203061.3575.3145.2554.3 – 68.41
203570.289.9447.4355.64 – 84.77

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
20264.8717.09-52.08 – 7.66
20285.6926.85-50.72 – 10.65
20306.533.83-5-0.07 – 13.08
20358.5447.18-5-1.39 – 18.48

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
20261.8m1.9m1.7m1.8m – 1.9m
20281.8m1.9m1.7m1.7m – 2m
20301.8m1.9m1.7m1.6m – 2m
20351.8m1.9m1.7m1.4m – 2.2m

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
202611.312.2410.3610.95 – 11.65
20289.3811.017.768.68 – 10.08
20307.479.575.376.55 – 8.39
20352.685.6501.8 – 3.57

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

Generated by the prediction engine (model prediction-engine-v1) on 2026-09-18 from observed history. Projections, not observations — never a guarantee of future values.

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