5 European Countries with the Highest Unemployment Rates

2. North Macedonia

Unemployment Rate: 14.4%

North Macedonia faces financial struggles, with 72% of citizens finding it difficult to manage household income. Unlike its neighbors, it didn’t see a rise in this trend. Corruption and legal inefficiency hinder economic progress, resulting in one of Europe’s lowest per capita GDPs. The grey market comprises nearly 20% of GDP. In 2017, its GDP per capita was 36% of the EU average. With a GDP per capita of US$9,157 and a Human Development Index of 0.701, North Macedonia lags behind former Yugoslav states in development and economic size.