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Economy of Macedonia. Statistics, Data and Indicators

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Macedonia
48BB- Credit rank #61
N/A Quality of life #
87 Corruption rank#85
17 Ease of doing business#10
Macedonia


Macedonia Major Economic Indicators

Indicator Data Period
GDP Value 12.27 USD Billion 2020
GDP Annual Growth Rate 2.4 % 1Q/22
GDP per capita 5093 USD 2020
Inflation Rate YoY 11.9 % May/22
Interest Rate 1.75 % May/22
Unemployment Rate 14.8 % 1Q/22
Wages 47092 MKD/Month | 798.916 USD/Month Apr/22
Balance of Trade -437514 USD Thousand | -0.438 B USD Apr/22
Current Account -142 USD Million | -0.142 B USD Mar/22
Government Debt 6080 EUR Million | 6.34 B USD 4Q/21


GDP Indicators

Indicator Data Period
GDP Value 12.27 USD Billion 2020
GDP Annual Growth Rate 2.4 % 1Q/22
GDP per capita 5093 USD 2020
GDP Constant Prices 180836 MKD Million | 3.068 B USD 1Q/22
GDP per capita PPP 15848 USD 2020


Budget Indicators

Indicator Data Period
Government Debt to GDP 51.8 % 2021
Government Budget Value 2020 MKD Million | 0.034 USD Billion Apr/22
Government Spending 29402 MKD Million | 0.499 USD Billion 1Q/22
Government Debt 6080 EUR Million | 6.34 USD Billion 4Q/21
Government Revenues 21777 MKD Million | 0.369 USD Billion Apr/22
Fiscal Expenditure  19757 MKD Million | 0.335 B USD Apr/22
Government Budget to GDP -5.4 % 2021
Military Expenditure 154 USD Million | 0.154 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 129 index points Apr/22
Food Inflation 17.07 % May/22
Gasoline Prices 1.66 USD/Liter May/22
GDP Deflator 101 % 2020
Inflation Rate YoY 11.9 % May/22
Producer Prices 139 index points Apr/22
Inflation Rate Mom 2.2 % Apr/22
Core Consumer Prices 127 Index Points Apr/22
Core Inflation Rate 8.5 % Apr/22
Producer Prices Change  23.3 % Apr/22


Trade Indicators

Indicator Data Period
Current Account to GDP -3.5 % 2020
Balance of Trade -437514 USD Thousand | -0.438 USD Billion Apr/22
Capital Flows -134 USD Million | -0.134 USD Billion Mar/22
Current Account -142 USD Million | -0.142 USD Billion Mar/22
Exports 739918 USD Thousand | 0.74 USD Billion Apr/22
External Debt 9547 EUR Million | 9.955 USD Billion 4Q/21
Imports 1177432 USD Thousand | 1.177 USD Billion Apr/22
Tourist Arrivals 476 Hundreds Persons | 0.048 Million Persons Apr/22


Money Indicators

Indicator Data Period
Gold Reserves 6.89 Tonnes 1Q/22
Interest Rate 1.75 % May/22
Money Supply M0 43081 MKD Million | 0.731 USD Billion May/22
Money Supply M1 208965 MKD Million | 3.545 USD Billion May/22
Money Supply M2 413533 MKD Million | 7.016 USD Billion May/22
Central Bank Balance Sheet 269463 MKD Million | 4.571 B USD Feb/22
Deposit Interest Rate 0.15 % Apr/22
Foreign Direct Investment 88.7 EUR Million | 0.092 B USD Dec/21


Labor Indicators

Indicator Data Period
Minimum Wages 18000 MKD/Month | 305.37 USD/Month 2022
Unemployment Rate 14.8 % 1Q/22
Wages 47092 MKD/Month | 798.916 USD/Month Apr/22
Employed Persons 691498 Person | 0.691 Million Person 1Q/22
Employment Rate  47.1 % 1Q/22
Full Time Employment 753 Thousand Person 4Q/20
Job Vacancies 7979 | 7.979 K 4Q/21
Labor Force Participation Rate 55.3 % 1Q/22
Long Term Unemployment Rate 12.9 % 4Q/20
Part Time Employment 25.6 Thousand Persons 4Q/20
Unemployed Persons 119699 Persons | 0.12 Million Persons 1Q/22
Wage Growth  -0.6 % Jan/22


Taxes

Indicator Data Period
Corporate Tax Rate 10 % 2021
Personal Income Tax Rate 10 % 2021
Sales Tax Rate 18 % 2021


Production Indicators

Indicator Data Period
Industrial Production 8.5 % May/22
Steel Production 32.8 Thousand Tonnes Dec/20


Business Indicators

Indicator Data Period
Business Confidence 24.1 index points May/22
Corruption Index 39 index points 2021
Corruption Rank 87 place 2021
Ease of Doing Business 17 place 2019
Manufacturing Production 4.6 % May/22
Competitiveness Index 57.33 Index Points 2019
Competitiveness Rank 82 2019


Consumer Indicators

Indicator Data Period
Retail Sales YoY 1.7 % May/22
Consumer Credit 206819 MKD Million | 3.509 USD Billion May/22
Consumer Spending 119542 MKD Million | 2.028 USD Billion 1Q/22


Housing Market

Indicator Data Period
Construction Output -26.1 % Jan/22