Aggregate replacement ratio for pensions (excluding other social) in North Macedonia

North Macedonia: Aggregate replacement ratio for pensions (excluding other social) was 0.51 in 2024. ▼ Falling

Latest (2024)
0.51
Change on year
down 8.9%
World rank
17th
of 35 countries
All-time high
0.72
in 2016
All-time low
0.51
in 2012
Years of data
13
2012–2024

Aggregate replacement ratio for pensions (excluding other social) in North Macedonia, 2012–2024

00.20.40.60.82012201820242012: 0.512013: 0.562014: 0.652015: 0.72016: 0.722017: 0.72018: 0.682019: 0.652020: 0.652021: 0.652022: 0.612023: 0.562024: 0.51

Source: Eurostat.

Analysis

In 2024, aggregate replacement ratio for pensions (excluding other social) in North Macedonia stood at 0.51. That is the lowest value across all 13 years on record.

Compared with earlier readings it is down 8.9% on the previous year and down 21.5% over ten years.

Over the whole period, aggregate replacement ratio for pensions (excluding other social) in North Macedonia peaked at 0.72 in 2016 and was at its lowest, 0.51, in 2012.

North Macedonia ranks 17th of 35 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 13 years of available data.

Aggregate replacement ratio for pensions (excluding other social) in North Macedonia, year by year

Annual values for Aggregate replacement ratio for pensions (excluding other social benefits) by sex in North Macedonia, 2012 to 2024.
Year Value Change
2012 0.51
2013 0.56 +9.8%
2014 0.65 +16.1%
2015 0.7 +7.7%
2016 0.72 +2.9%
2017 0.7 -2.8%
2018 0.68 -2.9%
2019 0.65 -4.4%
2020 0.65 +0.0%
2021 0.65 +0.0%
2022 0.61 -6.2%
2023 0.56 -8.2%
2024 0.51 -8.9%

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.6462 0.51 0.72 8
2020s 0.596 0.51 0.65 5

Countries ranked near North Macedonia

  1. 14 Norway 0.55 compare
  2. 15 Czechia 0.53 compare
  3. 15 Finland 0.53 compare
  4. 18 Switzerland 0.5 compare
  5. 19 Estonia 0.49 compare
  6. 19 Hungary 0.49 compare

See the full ranking of 38 places →

More reference data data for North Macedonia

All data for North Macedonia →

Frequently asked questions

What is aggregate replacement ratio for pensions (excluding other social) in North Macedonia?
Aggregate replacement ratio for pensions (excluding other social) in North Macedonia was 0.51 in 2024, according to Eurostat.
What is the highest aggregate replacement ratio for pensions (excluding other social) recorded in North Macedonia?
The highest recorded value was 0.72 in 2016.
What is the lowest aggregate replacement ratio for pensions (excluding other social) recorded in North Macedonia?
The lowest recorded value was 0.51 in 2012.
How does North Macedonia rank for aggregate replacement ratio for pensions (excluding other social)?
North Macedonia ranks 17th out of 35 countries with data for 2024.
Is aggregate replacement ratio for pensions (excluding other social) rising or falling in North Macedonia?
Over the last ten years it is down 21.5%. The long-run trend across the full record is falling.
Where does this North Macedonia data come from?
The figures come from Eurostat, published as part of Aggregate replacement ratio for pensions (excluding other social benefits) by sex. Statizoid updates them automatically from the source API.

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Aggregate replacement ratio for pensions (excluding other social) in North Macedonia. Statizoid, drawing on Eurostat. Retrieved 23 August 2026, from https://reference.statizoid.com/stat/aggregate-replacement-ratio-for-pensions-excluding-other-social-benefits-by-sex/north-macedonia/

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About this data

Indicator
Aggregate replacement ratio for pensions (excluding other social benefits) by sex
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
38 places, 574 data points, 2010–2025
Last refreshed