CENTRAL & EASTERN EUROPE · INVESTMENT GUIDE

North Macedonia: investment climate and market data

North Macedonia scores 69 out of 100 on the Invest Global investability score (moderate), ranking 57 of 199 countries. Its strongest pillar is openness to foreign investment (88) and its weakest is growth and upside (40).

69/ 100 · Moderate · grade B+ · High confidence
GDP
$19.1 billion
2025 · World Bank
Real GDP growth
3.5%
2025 · World Bank
Inflation
4.1%
2025 · World Bank
FDI inflows
3.5% of GDP
2025 · World Bank
Government debt
53% of GDP
2025 · IMF
Reserves
4.6 months of imports
2025 · World Bank
Population
1.8 million
2025 · World Bank
GDP per person
$10,490
2025 · World Bank

Why North Macedonia scores 69

Institutions and rule of law25%56
Openness to foreign investment20%88
Macro and financial stability18%75
Political stability and security10%72
Growth and upside12%40
Market depth and infrastructure15%78

Six weighted pillars from World Bank, OECD and IMF indicators. See the method, weights and every country.

Openness to foreign investors

The OECD FDI Regulatory Restrictiveness Index for North Macedonia is 0.04 on a scale from 0 (fully open) to 1 (closed), as of 2025. That is among the most open regimes measured.

Where North Macedonia is most exposed by sector

Industrials and Manufacturing
72
High exposure
Technology
61
High exposure
Healthcare
60
High exposure
Renewables and Utilities
58
High exposure

Exposure scores show how important each sector is to the economy, not how attractive it is to invest in. Browse all sectors.

Natural resources

19 mines and deposits are mapped in North Macedonia. Power capacity is 1.4 GW. See the minerals, mines and power plants.

Go deeper on North Macedonia

The interactive profile adds ownership rules, residency routes, FDI flows and infrastructure. The Terminal lets you screen and compare 199 markets side by side and export the data. Need a tailored view of one market?

Educational research, not investment, legal or tax advice. Scores are screening tools built from public data and are not forecasts or ratings. Figures are the latest available from the named source and may lag. Confirm everything with local advisers before committing capital. Sources: World Bank WDI and WGI, IMF World Economic Outlook, OECD. Data as of 2026-10-09.