Unemployment in North Macedonia

North Macedonia Unemployment | Economic News & Forecasts

North Macedonia - Unemployment

Incoming figures paint a bleak picture for Q3, after GDP declined at the steepest pace in nearly two decades in Q2 on the Covid-19 hit. Retail sales contracted sharply in the quarter, pointing at weak consumer demand. Moreover, industrial production decreased notably in July–September, despite the easing of coronavirus containment measures. Turning to the final quarter of the year, economic prospects are less than rosy due to the rapidly increasing number of new Covid-19 cases. In mid-October, the government reimposed restrictions in an attempt to restrain the spread of the virus—limiting the working hours of bars and restaurants, reducing capacity on public transport and recommending remote work—all of which are set to weigh on activity in Q4.

North Macedonia - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate26.1  23.7  22.4  20.7  17.3  

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Note: Unemployment as % of active population (aop).
Source: State Statistical Office

North Macedonia Facts

Value Change Date
Exchange Rate54.86-0.56 %Jan 01
Stock Market0.10.0 %Jan 07

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