Economy of North Macedonia

Common card · No. 401641

North Macedonia has a developing transition economy. Since its 1991 independence movement, the Macedonian economy liberalized, with highly accommodative foreign policy. Its economic growth was severely curbed during the 1990s after the United Nations heavily sanctioned Yugoslavia and Greece independently sanctioned North Macedonia. The economy stabilized through remittances and foreign aid, with positive growth until 2001. Successful privatization boosted regional integration during the 2000s. North Macedonia is self-sufficient in meeting basic food needs but is dependent on imports for nearly all energy and modern infrastructure.

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