The World Bank Group has identified a package of governance, private sector and workforce reforms that could raise North Macedonia’s annual economic growth to 3.8 percent by 2050, compared with a projected 2.4 percent without action. The reforms could create 53,000 additional jobs for people currently outside the labor market and improve pay and working conditions for 196,000 existing workers, helping narrow the country’s income gap with the European Union. The report prioritizes more efficient public spending, stronger state-owned enterprise governance, fairer business competition, and better trade policy and logistics. It also calls for faster adoption of technology, innovation and energy efficiency, alongside higher women’s labor force participation, stronger school-to-work transitions, expanded lifelong learning and fewer labor market barriers. Information and communications technology and professional services offer particular potential, with IT revenue generating nearly twice as many jobs as equivalent revenue in other industries, while the care economy remains an underused source of formal employment for women.
World Bank identifies reforms that could lift North Macedonia’s growth to 3.8 percent and create 53,000 jobs by 2050
The World Bank Group estimates that targeted reforms could lift North Macedonia’s annual growth to 3.8 percent and create 53,000 additional jobs by 2050. Priorities include stronger governance and competition, faster technology and energy efficiency investment, and measures to improve skills and labor force participation.