# North Macedonia economic indicators

> Developing situation record from CLSTR: https://clstr.news/situations/north-macedonia-economic-indicators
> Updated: 2026-10-30T09:01:55.000Z. Sources: 16. Developments: 2.

Economic data from North Macedonia shows growth in wages and business turnover. In August 2026, the average monthly net salary rose by 7.6 percent compared to August 2025, reaching 48,733 denars. The minimum net wage also increased to 26,046 denars in 2026. Structural business statistics for 2025 reported a total turnover of 2,226,478 million denars, generated by 428,235 employees across 70,843 business entities. This resulted in a gross added value of 522,087 million denars. While the wholesale and retail trade sector accounted for the largest turnover at 38.7 percent (860,943 million denars), it contributed only 20 percent to the total added value. The manufacturing industry was the primary driver of value creation, contributing 26.2 percent (136,790 million denars) of the total gross added value. Manufacturing also remained the largest single employer with 111,149 employees. Other significant contributors to added value included construction at 10 percent and information and communication technology at 9.2 percent. Regarding GDP, the economy grew by 3.8 percent in 2024, with 2025 projections revised upward to 3.8 percent. Prime Minister Hristijan Mickoski announced that the government has met its initial goal of a $20 billion nominal GDP and has set a new target of $22 billion. In the banking sector, household deposits have risen despite inflation, reaching 7.51 billion euros as of September, an increase of approximately 310 million euros since the start of the year. Citizen loans have also grown to approximately 4.93 billion euros. In October 2026, the government adopted the 2027 budget, targeting fiscal consolidation. Finance Minister Gordana Dimitrieska Kocoska projected total revenues at 395.4 billion denars, a 5.7 percent increase from 2026, against estimated expenditures of 440.4 billion denars. The planned budget deficit is 45 billion denars, or 3.5 percent of the GDP.

## Claims

- North Macedonian business entities achieved a total turnover of 2,226,478 million denars in 2025. (reported by 2 sources)
- Wholesale and retail trade accounted for 38.7 percent of total business turnover. (reported by 2 sources)
- The manufacturing industry contributed 26.2 percent of the total gross added value. (reported by 2 sources)
- The total gross added value created was 522,087 million denars. (reported by 1 source)
- There were 428,235 employees in 70,843 business entities in 2025. (reported by 1 source)
- The manufacturing industry employs 111,149 people across 8,172 active enterprises. (reported by 1 source)
- The information and communication sector contributed 9.2 percent to the total added value. (reported by 1 source)
- The construction sector generated 10 percent of the total added value. (reported by 1 source)

## Timeline

### 2026-10-30: North Macedonia economy shows growth in GDP and household savings

North Macedonia has reached its 20 billion dollar GDP target, while household bank deposits have risen to 7.51 billion euros.

7 sources. https://clstr.news/cluster/north-macedonia-economy-reports-22-trillion-denar-turnover-in-2025

### 2026-10-22: North Macedonia wage growth and political tensions

North Macedonia reports a rise in average wages to 48,733 denars, while political friction grows between VMRO-DPMNE and SDSM following election results in Brvenica.

10 sources. https://clstr.news/cluster/north-macedonia-average-salary-reaches-48733-denars-in-august

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Cite as: North Macedonia economic indicators. CLSTR, https://clstr.news/situations/north-macedonia-economic-indicators