Potential Circular Economy Priority Areas for North Macedonia
North Macedonia's key economic features relevant to
circular economy
SERVICES
North Macedonia is a service-oriented
economy, with wholesale and retail trade
accounting for the largest share.
Exports of services grew substantially but
remain relatively low despite the strong.
potential.
The large share of SMEs working in the
service sector can be a key driver in
achieving circular objectives.
Value added by grouped activity in North Macedonia (% of GDP), 2021
100
90
80
70
60
50
40
30
20
10
!!!!
0
North Macedonia
WB6 Average
EU
OECD
â– Agriculture Industry Services
Employment by grouped activity in North Macedonia (% of GDP),
2012-21
Services represent
57% of GDP and
58% of employment
Wholesale and retail
trade account for
19% of GDP
Services account for
25% of total exports
69% of SMEs work
in the service sector
Sources: World Bank, 2022; OECD, 2021; MAKSTAT, 2022
70
60
50
40
30
20
10
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Agriculture
Industry
Services
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