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  2. Principal exports from North Macedonia to the United States are tobacco, apparel, iron, and steel. North Macedonia has bilateral free trade agreements with Ukraine, Turkey, and the European Free Trade Association (EFTA—Switzerland, Norway, Iceland, and Liechtenstein).

  3. The Republic of North Macedonia is a small, open economy with a sizable and diversifying service sector and an expanding manufacturing base. The economy is dominated by services, which account for 54.5% of gross domestic product (GDP) (World Bank, n.d. [1]) and 55% of employment (ILOSTAT, 2021 [2]).

  4. North Macedonia is an open economy that compares well with other countries in the region in terms of the quality of the regulatory environment. Exports can access the EU market and those of neighbouring economies tariff-free but there are non-tariff barriers that continue to constrain the expansion of commercial exchanges.

  5. The Republic of North Macedonia is an upper middle-income country that has made great strides in reforming its economy over the last decade. More efforts are still needed to generate economic growth and improve living standards for all.

    • Does North Macedonia have an open economy?1
    • Does North Macedonia have an open economy?2
    • Does North Macedonia have an open economy?3
    • Does North Macedonia have an open economy?4
    • Does North Macedonia have an open economy?5
  6. Oct 21, 2021 · For North Macedonia, this translates into a growth projection of 4.6 percent for 2021, much higher than the forecast in spring. “This positive outlook is still surrounded by downside risks, with the pace of immunization low and supply chains still disrupted, while financial conditions have started tightening,” said Massimiliano Paolucci ...

  7. North Macedonia is a small, upper-middle-income economy with a population of 2.07 million as of 2020 and a per capita gross domestic product (GDP) by purchasing power parity of USD 15 931 in 2020 (in

  8. North Macedonia faces significant medium-term challenges. Arresting emigration and boosting productivity are crucial for re-accelerating income convergence with the EU. North Macedonia is also exposed to climate change and will be impacted by the EU-Carbon Broder