North Macedonia’s economy expanded by 3.8% year-on-year in real terms in the third quarter of 2025, accelerating from 3.4% growth in the previous quarter (chart), preliminary data from the state statistical office showed on December 5.
Construction posted the strongest performance with a robust 21% increase, followed by the information technology sector with 7.4% growth.
Specialised professional and technical services, along with administrative and support services, rose by 6.1%. Manufacturing, one of the country’s key economic pillars, recorded a more moderate increase of 2.5%.
Gross fixed capital formation remained the main driver of GDP growth. Its share in total GDP rose from 26.1% in the third quarter of 2024 to 31.1% in the same period of 2025, signalling stronger investment activity across the economy.
Final consumption increased by 7.7% in nominal terms, accounting for 80.2% of GDP.
Seasonally and calendar-adjusted data showed GDP rising by 3.6% year-on-year in the third quarter. On a quarterly basis, economic output increased by 0.8%, indicating steady momentum heading into the final quarter of the year.