DEMOGRAPHIC CHANGES IN NORTH MACEDONIA – EFFECTS AND CONSEQUENCES ON ECONOMIC GROWTH

Abstract

This paper aims to analyze the demographic changes occurring in the Republic of North Macedonia and their impact on the economy, with a specific focus on labour market dynamics, aggregate demand and supply shifts, regional development disparities, and implications for economic growth. Through this analysis, the paper seeks to identify key challenges and propose strategic measures to address them. The research utilizes data from the 2021 census and other relevant sources to examine the demographic trends in the Republic of North Macedonia, including population decline, aging, and emigration patterns. By examining these interrelated factors, the paper aims to provide insights into the challenges faced by the Macedonian economy and propose policy recommendations to promote sustainable development and address demographic challenges effectively