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North Macedonia economy shows growth in GDP and household savings
North Macedonia is experiencing notable economic shifts, with the government reporting that the nominal Gross Domestic Product (GDP) reached the 20 billion dollar target ahead of schedule. Prime Minister Hristijan Mickoski stated that the economic growth for 2024 and 2025 has been revised upward to 3.8 percent, and he has set a new ambition to reach a nominal GDP of 22 billion dollars.
In the banking sector, household deposits have continued to rise despite inflation and high living costs. As of September, total deposits in the banking system reached nearly 11.2 billion euros, with household deposits specifically totaling 7.51 billion euros. This represents an increase of approximately 310 million euros since the beginning of the year. Meanwhile, citizen loans have also grown, reaching approximately 4.93 billion euros.
Structural business statistics from the State Statistical Office for 2025 indicate that 428,235 employees across 70,843 business entities generated significant turnover. The manufacturing industry remains a primary employer and value creator, followed by wholesale and retail trade, construction, and the information-communication sector.
Entities
Hristijan Mickoski · National Bank of the Republic of North Macedonia · North Macedonia · State Statistical Office
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The manufacturing industry employs 111,149 people across 8,172 active enterprises. trn.mk
- [○ 1 SOURCE] The information and communication sector contributed 9.2 percent to the total added value. trn.mk
- [● 2 SOURCES] The manufacturing industry contributed 26.2 percent of the total gross added value. trn.mk
- [○ 1 SOURCE] The construction sector generated 10 percent of the total added value. trn.mk
- [○ 1 SOURCE] There were 428,235 employees in 70,843 business entities in 2025. trn.mk
- [○ 1 SOURCE] The total gross added value created was 522,087 million denars. trn.mk
- [● 2 SOURCES] Wholesale and retail trade accounted for 38.7 percent of total business turnover. trn.mk
- [● 2 SOURCES] North Macedonian business entities achieved a total turnover of 2,226,478 million denars in 2025. trn.mk