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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 #
85 Corruption rank#85
17 Ease of doing business#10
Macedonia


Macedonia Major Economic Indicators

Indicator Data Period
GDP Value 13.88 USD Billion 2021
GDP Annual Growth Rate 2 % 3Q/22
GDP per capita 5287 USD 2021
Inflation Rate YoY 14.2 % Dec/22
Interest Rate 4.75 % Jan/23
Unemployment Rate 14.3 % 3Q/22
Wages 49397 MKD/Month | 870.39 USD/Month Nov/22
Balance of Trade -286782 USD Thousand | -0.287 B USD Nov/22
Current Account -37.2 USD Million | -0.037 B USD Sep/22
Government Debt 6097 EUR Million | 6.634 B USD 2Q/22


GDP Indicators

Indicator Data Period
GDP Value 13.88 USD Billion 2021
GDP Annual Growth Rate 2 % 3Q/22
GDP per capita 5287 USD 2021
GDP Constant Prices 201993 MKD Million | 3.559 B USD 3Q/22
GDP per capita PPP 16464 USD 2021


Budget Indicators

Indicator Data Period
Government Debt to GDP 51.8 % 2021
Government Budget Value -11659 MKD Million | -0.205 USD Billion Dec/22
Government Spending 31057 MKD Million | 0.547 USD Billion 3Q/22
Government Debt 6097 EUR Million | 6.634 USD Billion 2Q/22
Government Revenues 23724 MKD Million | 0.418 USD Billion Dec/22
Fiscal Expenditure  35383 MKD Million | 0.623 B USD Dec/22
Government Budget to GDP -5.4 % 2021
Military Expenditure 215 USD Million | 0.215 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 145 index points Nov/22
Food Inflation 20.9 % Dec/22
Gasoline Prices 1.47 USD/Liter Jan/23
GDP Deflator 106 % 2021
Inflation Rate YoY 14.2 % Dec/22
Producer Prices 140 index points Nov/22
Inflation Rate Mom -0.2 % Dec/22
Core Consumer Prices 141 Index Points Nov/22
Core Inflation Rate 17.4 % Nov/22
Producer Prices Change  13.8 % Nov/22


Trade Indicators

Indicator Data Period
Current Account to GDP -3.5 % 2021
Balance of Trade -286782 USD Thousand | -0.287 USD Billion Nov/22
Capital Flows -26.6 USD Million | -0.027 USD Billion Sep/22
Current Account -37.2 USD Million | -0.037 USD Billion Sep/22
Exports 731232 USD Thousand | 0.731 USD Billion Nov/22
External Debt 11077 EUR Million | 12.052 USD Billion 3Q/22
Imports 1018014 USD Thousand | 1.018 USD Billion Nov/22
Tourist Arrivals 569 Hundreds Persons | 0.057 Million Persons Nov/22


Money Indicators

Indicator Data Period
Gold Reserves 6.89 Tonnes 3Q/22
Interest Rate 4.75 % Jan/23
Money Supply M0 47490 MKD Million | 0.837 USD Billion Dec/22
Money Supply M1 235528 MKD Million | 4.15 USD Billion Dec/22
Money Supply M2 450018 MKD Million | 7.929 USD Billion Dec/22
Central Bank Balance Sheet 275764 MKD Million | 4.859 B USD Dec/22
Deposit Interest Rate 2.65 % Dec/22
Foreign Direct Investment 16.22 EUR Million | 0.018 B USD Sep/22


Labor Indicators

Indicator Data Period
Minimum Wages 18000 MKD/Month | 317.166 USD/Month 2022
Unemployment Rate 14.3 % 3Q/22
Wages 49397 MKD/Month | 870.39 USD/Month Nov/22
Employed Persons 693062 Person | 0.693 Million Person 3Q/22
Employment Rate  47.34 % 3Q/22
Full Time Employment 753 Thousand Person 4Q/20
Job Vacancies 10217 | 10.217 K 3Q/22
Labor Force Participation Rate 55.22 % 3Q/22
Long Term Unemployment Rate 12.5 % 4Q/21
Part Time Employment 25.6 Thousand Persons 4Q/20
Unemployed Persons 115266 Persons | 0.115 Million Persons 3Q/22
Wage Growth  -4.8 % Sep/22


Taxes

Indicator Data Period
Corporate Tax Rate 10 % 2022
Personal Income Tax Rate 10 % 2022
Sales Tax Rate 18 % 2022


Production Indicators

Indicator Data Period
Industrial Production -1.3 % Dec/22
Steel Production 32.8 Thousand Tonnes Dec/20


Business Indicators

Indicator Data Period
Business Confidence 24.4 index points Dec/22
Corruption Index 40 index points 2022
Corruption Rank 85 place 2022
Ease of Doing Business 17 place 2019
Manufacturing Production -5.6 % Nov/22
Competitiveness Index 57.33 Index Points 2019
Competitiveness Rank 82 2019


Consumer Indicators

Indicator Data Period
Retail Sales YoY 0.8 % Dec/22
Consumer Credit 214965 MKD Million | 3.788 USD Billion Dec/22
Consumer Spending 143861 MKD Million | 2.535 USD Billion 3Q/22


Housing Market

Indicator Data Period
Construction Output -5.5 % Oct/22